Bankruptcy Blog

Bankruptcy Insights into personal and corporate Bankruptcy's

Income Tax Filing & Payment Deadlines: COVID & CRA

Are you concerned about CRA deadlines for filing and paying income tax? There have been several Government of Canada news updates regarding income tax for the 2019 tax year. For individuals, self-employed and corporations, the deadline for filing for the 2019 tax year is June 1, 2020, and the deadline for payment for the 2019 […]

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Financial Aid(CERB) & the COVID-19 Crisis

What is the Canada Emergency Response Benefit (CERB)? This is a federal financial aid option to help business owners, employees, and self-employed get much-needed financial relief during the COVID-19 crisis.  CERB covers individuals who are not covered by Employment Insurance (EI) and if you qualify, you can start applying on April 6, 2020. The first […]

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Covid-19 and Flexibility for Taxpayers

The government of Canada is taking action in order to provide assistance and flexibility to Canadians facing hardship due to the Covid-19 virus. Not only will the government provide options and flexibility for individual tax filing but also support for businesses. For individuals, the government will defer the filing due date for those expecting a […]

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Covid-19: Economic Support in Ontario

Chances are you have not only been personally affected by the Covid-19 virus but your finances and business finances have also been disrupted. Our government has responded with economic support. They set in motion $52 billion worth of financial aid. The government plans to start the Canada Emergency Response Benefit (CERB) $2,000 per month for […]

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