COVID News – May 22
By Patrick Flannery
Nearly a third of Canadian businesses are now fully open, according to this report. Alberta has the highest rate of open businesses, while Ontario has the lowest.
Ottawa has entirely lifted payroll requirements for CEBA loan eligibility. It’s initial floor of $50,000 payroll eliminated many businesses that pay through dividends, hire contractors or work alone.
The CECRA rent-relief program opens for applications on May 25. Of the various programs announced in this pandemic, this one is getting the most negative attention. It’s hard to see why landlords would volunteer to fill out a bunch of paperwork in order to receive 75 per cent of the rent they are owed…unless it meant the difference between keeping the tenant or not.