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 Novel Coronavirus, or COVID-19, outbreak has significantly affected the world in unprecedented ways. Almost every aspect of our daily routines have changed. Many of us are practicing social distancing in addition to self-isolation or self-quarantining at home in hopes of flattening the curve of this pandemic. However, a problem that many Canadians may not be ready to face are…
On March 18, 2020, Prime Minister Justin Trudeau announced the COVID-19 Economic Response Plan. Its goal is to mitigate the negative economic effects of the virus by providing relief for workers and businesses through fiscal stimulus measures. More specifically, the plan will provide up to $27 billion in direct assistance to Canadian individuals and businesses. In addition, $55 billion in…
Dear Clients, Colleagues, and Friends: We have waited to post this update to give each of you time to adjust to the “new normal” all of us will be facing for the foreseeable future. At the outset, we wish to extend our heartfelt concern to you and your loved ones. As a community, we will get through this, and we…