In order to assist in your preparing to file your 2021 tax returns, we are please to share our 2021 Personal Income Tax Return and Year End Information Updates.
The Highly Affected Sectors Credit Availability Program provides businesses heavily impacted by COVID-19, access guaranteed, low-interest loans of $25,000 to $1 million to cover operational cash flow needs.
HASCAP is available to businesses that operate in sectors such as tourism and hospitality, restaurants and those that primarily rely on in-person services.
Business owners can apply for support until March 31, 2022
You may be eligible for a subsidy to cover part of your commercial rent or property expenses.
Depending on the period you are applying for, you may be eligible to claim your commercial rent or property expenses through one of the following:
- Canada Emergency Rent Subsidy
- Tourism and Hospitality Recovery Program
- Hardest-Hit Businesses Recovery Program
You may be eligible for a subsidy to cover part of your employee wages. This subsidy will enable you to re-hire workers, help prevent further job losses, and ease your business back into normal operations.
For each applicable claim period, eligible employers can claim one of the following, whichever gives the highest amount:
- Tourism and Hospitality Recovery Program
- Hardest-Hit Businesses Recovery Program
- Canada Recovery Hiring Program
- Canada Emergency Wage Subsidy
The Canada Recovery Caregiving Benefit provides $500 ($450 after taxes withheld) for up to 44 weeks per household for workers:
- unable to work for at least 50% of the week because they must care for a child under the age of 12 or family member because schools, day-cares or care facilities are closed due to COVID-19
- because the child or family member is sick and/or required to quarantine or is at high risk of serious health implications because of COVID-19.
This benefit is available until May 7, 2022.
https://www.canada.ca/en/revenue-agency/services/benefits/recovery-caregiving-benefit.html