Employment Insurance 2021

Employment Insurance 2021

2021 Employment Insurance (EI) premium rate has been announced by the Canada Employment Insurance Commission (CEIC). The EI premium rate for 2021 is set at $1.58 per $100 of insurable earnings for employees and $2.12 for employers. These rates have remained the same...
CRA New T4 Reporting Requirements

CRA New T4 Reporting Requirements

CRA rolled out a few economic response plans to support Canadian residents and businesses that have been adversely affected by the COVID-19 pandemic. These include: Canada Emergency Wage Subsidy (CEWS)Canada Emergency Response Benefit (CERB)Canada Emergency Student...
Canada Emergency Wage Subsidy (CEWS)

Canada Emergency Wage Subsidy (CEWS)

The Government of Canada launched CEWS in March 2020 to reduce the impact of COVID-19 on Canadian businesses. It aimed at preventing job loss and encouraging employers to rehire previously laid-off employees due to the pandemic. Eligible employers can receive up to...
Canada Emergency Commercial Rent Assistance (CECRA)

Canada Emergency Commercial Rent Assistance (CECRA)

As the COVID-19 global pandemic continues to hit hard on Canadian businesses, the Federal Government in partnership with all provinces and territories announced the Canada Emergency Commercial Rent Assistance (CECRA) in April 2020. The CECRA was initiated to help...