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MNP WEBINAR: Available COVID-19 Financial Aid Programs

MNP WEBINAR: Available COVID-19 Financial Aid Programs

Synopsis
1 Minute Read

With the House of Commons recently passing the COVID-19 Wage Subsidy bill, we want to ensure you have the latest updates, as well as other relevant information on additional financial aid programs.

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Insight
Performance Webinar Assurance and Accounting

With the House of Commons recently passing the COVID-19 Wage Subsidy bill, we want to ensure you have the latest updates, as well as other relevant information on additional financial aid programs. Scroll down to view our webinar from April 8th that outlines changes to the Subsidy, as well as a summary of the Work-Sharing Program and status of SR&ED.

Wage Subsidy Program - 0:09

1:04 - Eligibility Criteria - Relaxed Requirements
5:10 - Application Process
6:39 - Temporary Wage Subsidy
8:13- How to Calculate Revenues
10:34 - Limits to the Subsidy
11:01 - Claiming Periods

Work-Sharing Program - 13:09

13:41- Eligibility Criteria
17:02 - Key term "Work-Sharing Units"
18:08 - Minimum Thresholds
20:08 - Strategy Behind Application
21:56 - What Benefit is the Government Offering?

SR&ED - 25:51

26:39 - Comfort Letter
27:54 - 18 Month Deadline & Double Dipping

For More Information Contact the Presenters:

Jeanne Cheng, CPA, CA - Partner and Regional Tax Leader
E: [email protected] 

Tanner MacDonald – Senior Consultant, Strategy & Operations
E: [email protected] 

Neha Tiku, CPA, CA - SR&ED Leader, Ontario Region
E: [email protected] 

Reece Hiland, CPA, CA - Partner, Assurance & Accounting | Technology, Media & Telecommunications
E: [email protected] 

Learn more at MNP's COVID-19 Business Advice Centre

Strategies and tools to help your company navigate the coronavirus crisis, stay resilient and take the next steps towards recovery.

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