April 6th, 2020

Dear Clients,

Equitus Partners LLP has been closely following the developments around COVID-19. We care deeply about our clients, and communities. We want to ensure you receive updates as things change, and tools to help you navigate the processes.

Please see latest updates below:
Two subsidies and a benefit were announced recently that have many of our corporate clients asking what subsidy they should apply for. Only one of the  Emergency Wage Subsidy ,  Temporary Wage Subsidy  or the  Canadian Emergency Response Benefit (CERB)  should be attributed to an individual.
Applications for the Canada Emergency Response Benefit (CERB) are now open. If you have stopped working due to COVID-19 and qualify, you may receive up to $8,000 from the federal government.
On March 18th the federal government announced temporary wage subsidies for employers. Subsequently the Canadian Emergency Wage Subsidy (CEWS) was announced. The department of finance has clarified that if your business does not qualify for the CEWS, you can still apply the Temporary Wage Subsidy.
Finance Minister Bill Morneau and the Department of Finance have today provided more information on the Canada Emergency Wage Subsidy. This subsidy will be made available in approximately six-weeks via a CRA portal and will cover 75% of wages paid by employers, up to $847 per week for twelve weeks. To qualify, revenues of your business must have decreased by a minimum of 30% when compared to the same month the year before.

We have another upcoming Webinar that may be of interest and is being offered free to Equitus Partners LLP clients through the Raj Manek Mentorship Program.

Building a High-Performance Virtual Office
Apr 7, 2020 11:00 AM – 12:00 PM (MST)
Jeff Dyck , Director of Engineering at Mentor, a Siemens Business

To Join this Webinar :
 
 
Please note that you will have to sign in with the highlighted password below:
 
Meeting ID: 578 975 189
Password: 981335
  
Find your local number: https://zoom.us/u/aeqsW980m5


We are aiming to keep our clients informed via our blog page, webinars, & emails.



With regards from the partners,


Sushant Khurana - Raj Manek - Nizam Shajani - Shafiq Shajani