Blog

75% Canada Emergency Wage Subsidy Updates

April 19, 2020

On April 11, 2020, the 75% wage subsidy (the “subsidy” or “CEWS”) received royal assent and is now law.

Can your business survive the Coronavirus?

March 31, 2020

One thing is for certain the impact on businesses will only worsen as the virus continues to spread – so we are recommending that our clients prepare for the worst-case scenario.

Abacus’ response to COVID-19

March 30, 2020

The complications resulting from the COVID-19 pandemic are evolving at a rapid pace. As new information becomes available, we will continue to adapt to how we manage our business.

An Accountant’s Guide to Bookkeeping

March 27, 2020

We get it – you’d rather do anything other than bookkeeping. It seems like an administrative burden and a time-sink, but it doesn’t have to be!

COVID-19 Relief for Corporations

March 18, 2020

Relief during COVID-19 On March 18, 2020, the Canadian government announced a $27B plan to reduce the economic impact of the COVID-19 outbreak for both individuals and businesses through the Economic Response Plan (“ERP”). An ...

COVID-19 Relief for Personal

March 18, 2020

For those eligible for the Canada Child Benefit (“CCB”) the government is increasing the payment amount by $300 per child for the 2019-20 benefit year. The payment will be made in May to those families eligible for receipt.

Do I Need a Holding Company?

March 16, 2020

Is a holding Company right for me? Do I need a holding company in Canada? Let’s start with a simple question: What is a holding company? Holding companies, ordinarily, do not run a business nor have active operations. They are instead used to ‘hold’ investments such as: shares in public companies, bonds, real estate or shares in other private companies. Let’s take a step back… The Canadi...

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