75% wage subsidy program (Canada Emergency Wage Subsidy “CEWS”)
Please see the following link to our newsletter provider for important clarifications. Such as what is defined as eligible wages (dividends do not count), periods for the calculation and other items. https://www.videotax.com/web-tips-articles/cews-faq-updated-partnerships
Canada Child Benefit (CCB) Increase
Families will receive an additional $300 per child as a one time increase to May’s payment. https://pm.gc.ca/en/news/news-releases/2020/05/03/families-receive-increased-support-through-canada-child-benefit
Province of BC, $1,000 Emergency Benefit for workers
On May 1st, applications opened for this one time, tax-free $1,000 grant. This is for those “whose ability to work has been affected due to COVID-19.”. There are very strict guidelines, please see the following page for detailed information: https://www2.gov.bc.ca/gov/content/employment-business/covid-19-financial-supports/emergency-benefit-workers?bcgovtm=20200319_GCPE_AM_COVID_4_NOTIFICATION_BCGOV_BCGOV_EN_BC__NOTIFICATION
Please note, for many subsidy programs people and companies need to have their taxes up to date. We completely understand that you might not have time to bring your taxes to us at this time for preparation. If this is the case, please speak directly with James or Richard to arrange preparation at a different time.
To ensure the safety of all clients, we are having only telephone meetings with all clients:
- Using electronic signatures. That means that you will use your own computer/tablet to sign and not leave your home.
- Accepting payment for our services via online Interac e-transfers (our preferred method); and accepting online payments via our web site (you must have your invoice number to use this method). www.jacobyandgames.com/payinvoice.
As always, we are by your side – year-round. Please let us know if there is anything we can do to assist you in this unprecedented time in our collective lives.
Have a good day,
Richard and James