Many, if not all, Canadian businesses have been affected by the COVID-19 outbreak. However, Canada introduced the Canada Emergency Wage Subsidy (CEWS) to support employers during these troubling times. In short, this subsidy covers 75% of employee wages for eligible employers. Therefore, if you’re interested in finding out more about CEWS including what it is or whether you’re an eligible…
When it comes to estate planning, perhaps you’ve heard of or considered setting up a trust. If you’re on the fence about it, read below to get a brief description of the ins and outs of setting up a trust. What is a Trust? Trusts are flexible vehicles for holding and passing on your assets. They ensure that your fortune…
During these difficult and uncertain times, the federal and provincial governments have been taking measures to provide financial support to those who need it. This includes employed and self-employed individuals who have been directly impacted by the COVID-19 outbreak. In addition to the Canada Emergency Response Benefit (CERB), the province of British Columbia has announced the B.C. Emergency Benefit for…
Prime Minister Justin Trudeau announced the details for the Canada Emergency Commercial Rent Assistance (CECRA) program on April 24, 2020. The program aims to provide the support needed by small businesses experiencing financial hardship due to the COVID-19 outbreak. The government hopes that introducing this program will contribute towards a quicker and easier economic rebound once restrictions are lifted. In…
The federal government has taken measures to help both Canadian businesses and families during the COVID-19 pandemic. While the Canadian Emergency Response Benefit targets individuals who have lost income due to COVID-19, the Canada Emergency Business Account (CEBA) supports small and medium businesses as well as not-for-profits. From determining whether you’re eligible for the program to understanding which documents to…
Real estate conveyancing is often exciting, but can be frustrating. Whether you’re buying a new home, transferring titles to a property, or selling your home, the team at Sodagar & Co. can guide you throughout the process. We are confident in our abilities to help you. From assessing your needs to drafting and filing the necessary documents, we can provide…
Without a doubt, Canada is facing a significant slowdown due to the novel coronavirus or COVID-19. Businesses have shut down, international supply chains have been disrupted, international travel has slowed, and borders have closed. The pandemic has had, and will continue to have, unprecedented effects on the global economy. Ultimately, this will leave many individuals and businesses unable to follow…