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SCAN CONSULTING GROUP COVID 19 UPDATE

As the COVID-19 pandemic is constantly evolving, so are we. Scan Consulting Group is committed to providing support and information to our clients and community regarding government updates and programs for small businesses. Additionally, we will continue to offer all our regular services and are maintaining a focus on helping our clients succeed now and in the future.

Providing complimentary consultations with our highly experienced business consultants, we can make improvements to your financial situation that will help your business succeed. 

From all of us here at Scan Consulting Group, we thank you for your continued support. We are available to you — do not hesitate to ask us how we can help you.

AS OF AUGUST
16TH, 2020

840,270

total approved applicants

AND

$27.53 BILLION

in subsidies paid

CANADA EMERGENCY WAGE SUBSIDY (CEWS)

SCAN CONSULTING GROUP COVID 19 UPDATE

As the COVID-19 pandemic is constantly evolving, so are we. Scan Consulting Group is committed to providing support and information to our clients and community regarding government updates and programs for small businesses. Additionally, we will continue to offer all our regular services and are maintaining a focus on helping our clients succeed now and in the future.

Providing complimentary consultations with our highly experienced business consultants, we can make improvements to your financial situation that will help your business succeed. 

From all of us here at Scan Consulting Group, we thank you for your continued support. We are available to you — do not hesitate to ask us how we can help you.

Services Currently Offered

To support the various needs of our clients, we are continuing to provide all of our services during this time. We have added additional support for COVID-19 impacted businesses.

COVID-19 support options include:

  • Free online COVID-19 Emergency Benefit Eligibility Tool
  • Complimentary initial consultation on overcoming business financial issues related to COVID-19
  • Support on accessing Government funding and grants offered to affected businesses
  • Access to our in-depth small business guide
  • Ease of access to our services through telecommuting, online and modified in-person meetings

Customer Impact

Currently, the world is facing a variety of challenges and many of our clients are facing their own unique set of struggles as small business owners. With difficulties paying rent and struggling to pay wages, it can be upsetting and lonely, but these are situations that small business owners are facing together. We, at Scan Consulting Group, plan on doing everything we can to support our clients, their businesses and our community.  
Providing free guidance and consultations can help our clients stay on their feet during these uncertain times. Contact us with inquiries and don’t forget to look at our free Small Business Guide to Navigating COVID-19!
COVID-19

Emergency Benefit Eligibility Tool

Disclaimer: The information contained within this tool is provided for information purposes only and is not intended to substitute for obtaining accounting, tax, or financial advice from a professional and designated accountant.

    [group Pleasechoosebetween clear_on_hide]

    Which of the following describes your case:

    Employed and/or Recently EmployedSelf-Employed and/or ContractorsSmall Business
    [/group]

    [group DoYouQualifyforEmploymentInsurance_for_emp clear_on_hide]

    YesNoDon't know
    [/group]

    [group DoYouQualifyforEmploymentInsurance_for_self_emp clear_on_hide]

    YesNoDon't know
    [/group]

    [group following_applies clear_on_hide]

    Facing Difficulties in Paying Your EmployeesWorking Capital ProblemsRequire flexibility in paying CRA dues
    [/group]

    [group causeofleave_for_emp clear_on_hide]

    Business Closure & LayoffMedical Reasons
    [/group]

    [group causeofleave_for_self_emp clear_on_hide]

    Medical ReasonsBusiness Reduction
    [/group]

    [group regular_ei_benefits clear_on_hide]

    Regular EI Benefits

    *Taxable payments of the lowest of $573 or 55% of average weekly earnings

    *Payments last for 14 to 45 weeks

    *Applications can be made on the following link Visit Link


    [/group]

    [group ei_sickness_benefits clear_on_hide]

    EI Sickness Benefits

    *Taxable payments of the lowest of $573 or 55% of average weekly earnings

    *Payments last for maximum of 15 weeks

    *A doctor's note is required upon completion of 2 weeks

    *A waiting period of 1 week is waived

    *Taxable payments of the lowest of $573 or 55% of average weekly earnings

    *Applications can be made on the following link Visit Link


    [/group]

    [group ei_sickness_benefits_self_emp clear_on_hide]

    EI Sickness Benefits

    *Taxable payments of the lowest of $573 or 55% of average weekly earnings

    *Payments last for maximum of 15 weeks

    *A doctor's note is required upon completion of 2 weeks

    *A waiting period of 1 week is waived

    *Taxable payments of the lowest of $573 or 55% of average weekly earnings

    *Applications can be made on the following link Visit Link


    [/group]

    [group CERB clear_on_hide]

    Canada Emergency Response Benefit (CERB)

    * Taxable $2,000 monthly payment for up to 4 months

    * Loss of income due to sickness, quarantine, job loss,
    taking care of a sick family member or a child who is sick or home from school/daycare

    * Canadian Residents of over 14 years are eligible

    * Those who earned $5000 in 2019 or 12 months before applying

    * Applications can be completed on CRA MyAccount, My Service Canada Account and by telephone (TBA)

    * Payments begin within 10 days of submitting applications, an attestation will be required before funds are received, no income verification required

    * Those who are EI qualified or have applied by 15 March, will be automatically enrolled for CERB

    * EI recipients may be eligible for EI after CERB benefits run out


    [/group]

    [group eligibility_pick clear_on_hide]

    You may be entitled to Employment Insurance (EI) regular benefits if:

    * You were employed in insurable employment

    * You lost your job through no fault of your own

    * You have been without work and without pay for at least seven consecutive days in the last 52 weeks

    * You have worked for the required number of insurable employment hours in the last 52 weeks or since the start of your last EI claim, whichever is shorter

    * You are ready, willing and capable of working each day

    * You are actively looking for work (you must keep a written record of employers you contact, including when you contacted them).

    Visit Link


    [/group]

    [group add_benefits clear_on_hide]

    Other benefits (Support for individuals and families)

    *Increasing the Canada Child Benefit

    *Special Goods and Services Tax credit payment

    *Extra time to file income tax returns

    *Mortgage payment deferral

    *Temporary wage top-up for low-income essential workers

    Click link below for complete information of each benefit Visit Link


    [/group]

    [group facing_box clear_on_hide]

    Facing Difficulties in Paying Your Employees

    The Canada Emergency Wage Subsidy (CEWS)

    *This covers 75% of an employee's wages – up to $847 per week - for employers of all sizes and across all sectors who have suffered a drop in gross revenues of at least 15% in March, and 30% in April and May.

    *The program is in place for a 12-week period, from March 15 to June 6, 2020.

    *Employers of all sizes and across all sectors of the economy are eligible with the exception of public sector entities.

    *Eligible employers can access the subsidy by applying through a Canada Revenue Agency online portal.

    Extension of Work-Sharing program

    *The maximum duration of the Work-Sharing program has been increased from 38 to 76 weeks

    *The Work-Sharing program is offered to workers who agree to reduce their normal working hours because of developments beyond the control of their employers.

    Temporary 10% Wage Subsidy

    This is a three-month measure that allows eligible employers to reduce the amount of payroll deduction required to be remitted to the Canada Revenue Agency (CRA)

    You are an eligible employer if you:

    *are an individual, partnership. non-profit organization, registered charity, or
    Canadian-controlled private corporation eligible for the small business deduction

    *have an existing business number and payroll program account with the CRA on March 18, 2020

    *pay salary, wages, bonuses, or other remuneration to an eligible employee.

    Click below for more information Visit Link


    [/group]

    [group workingCap_box clear_on_hide]

    Working Capital Challenges

    Business Credit Availability Program (BCAP)

    * $40 billion of additional support through the Business Development Bank of Canada (BDC) and Export Development Canada (EDC)

    * BDC and EDC are working with private sector lenders to coordinate on credit solutions for individual businesses, including in sectors such as oil and gas, air transportation, exports and tourism.

    * EDC is working with financial institutions to guarantee 80% of new operating credit and cash flow term loans of up to $6.25 million to SMEs

    * BDC is working with financial institutions to co-lend term loans to SMEs for their operational cash flow requirements.

    The program offers differing maximum finance amounts based on business revenues.
    Financed amount:

    - 80 % provided by BDC

    - 20 % provided by your financial institution

    - This support is available until or before September 30, 2020.

    Canada Emergency Business Account (CEBA)

    * Interest-free loans of up to $40,000 to qualifying small businesses and not-for-profits, to help cover their operating costs during a period where their revenues have been temporarily reduced.

    * To qualify, these organizations will need to demonstrate they paid between $20,000 to $1.5 million in total payroll in 2019.

    Canada Emergency Commercial Rent Assistance (CECRA)

    * This program will lower rent by 75 per cent for small businesses that have been affected by COVID-19.

    * It will provide forgivable loans to qualifying commercial property owners to cover 50% of three monthly rent payments that are payable by eligible small business tenants who are experiencing financial hardship during April, May, and June.

    * The loans will be forgiven if the mortgaged property owner agrees to reduce the tenants’ rent by at least 75% under a rent forgiveness agreement, which will include a term not to evict the tenant while the agreement is in place. The small business tenant would cover the remainder, up to 25% of the rent.

    * Impacted small business tenants are businesses paying less than $50,000 per month in rent and who have temporarily ceased operations or have experienced at least a 70% drop in pre-COVID revenues.

    Click below for more information Visit Link


    [/group]

    [group reqFlex_box clear_on_hide]

    Require Flexibility in Paying CRA dues

    More time to pay income taxes

    *All businesses are allowed to defer, until after August 31, 2020, the payment of any income tax amounts that become owing on or after March 18 and before September 2020.

    *This relief would apply to tax balances due, as well as instalments, under Part I of the Income Tax Act.

    *No interest or penalties will accumulate on these amounts during this period.

    Deferral of Sales Tax Remittance and Customs Duty Payments

    *Businesses and self-employed individuals are allowed to defer until June 30, 2020 payments of the Goods and Services Tax / Harmonized Sales Tax (GST/HST), as well as customs duties owing on their imports.

    *Any GST/HST payment that becomes owing from March 27 until the end of May can be deferred until the end of June.

    *For GST and customs duty payments for imported goods, deferral will include amounts owing for March, April and May.

    Click below for more information Visit Link


    [/group]

    [group emp_email clear_on_hide]

    If you require assistance in completing the applications or navigating through CRA relief programs, please submit your email so that our staff can assist you.



    The personal information you include in an inquiry may be used to prepare a reply.When communicating via e-mail, personal information will transit via Microsoft’s Office 365 platform, which handles and stores information on behalf of Scan Consulting Group. Please note that this information may be handled and/or stored outside Canada in accordance with the policies of such service providers, which are available at the following link(s): https://www.microsoft.com/online/legal/v2/?langid=en-us&docid=30;https://www.microsoft.com/en-us/privacystatement/EnterpriseDev/default.aspx.The transmission of this information is not secure so sensitive personal information, such as your Social Insurance Number, should not be included in your message.
    [/group]

    [group submit_btn clear_on_hide]

    [/group]

    Timeline

    Scan Consulting Group is committed to the safety of our clients, employees and greater community and we will continue to proceed with the proper safety measures in accordance with public health guidelines on COVID 19.

    Start

    11 March, 2020

    COVID-19 declared a pandemic, federal government announced a COVID-19 Response Fund

    18 March, 2020

    Emergency Care Benefit and the Emergency Support Benefit

    27 March, 2020

    CEWS was announced

    9 April, 2020

    CEBA launched

    22 April, 2020

    CESB announced

    13 May, 2020

    Regional Relief and Recovery Fund

    6 June, 2021

    Canada Recovery Hiring Program

    25 January, 2020

    Canada confirmed its first COVID-19 case

    13 March, 2020

    BCAP Announced beginning of April

    25 March, 2020

    CERB was initially announced

    27 March, 2020

    CEBA announced

    11 April, 2020

    CEWS launched

    24 April, 2020

    CECRA announced

    25 May, 2020

    Application portal for CECRA opened

    20 October, 2021

    Tourism and Hospitality Recovery Program Hardest-Hit Business Recovery Program
    New information about COVID-19 is coming out every day, making it difficult to make decisions for the future. Our services have remained the same, but as the current situation changes evolves, we will be keeping our community and clients up to date with adjustments.
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