Ontario Covid-19 Financial Help for 2021 – CERB Extended
As 2021 begins shrouded in uncertainty resulting from the ongoing COVID-19 pandemic, the Canadian Government has announced that they will be extending CERB in order to help and support Canadians during the crisis. Sean Findlay Real Estate is here to help navigate a complicated market and maintain the highest standards of service for their clients. We work with key decision-makers year-round to drive legislative and regulatory changes that benefit Canadian housing and are pleased to provide summary of measures that can help you kickstart the year.
COVID-19 Financial Support – Important Links
Sean Findlay Real Estate has been working with the CREA (Canadian Real Estate Association) who have been in ongoing discussions with government since the emergence of COVID-19. We’ve had meaningful conversations about the unique challenges facing REALTORS® and the potentially devastating outcomes of any interruptions to their day-to-day business. The government responded to calls for significant action with the following measures:
- the Canada Emergency Wage Subsidy (CEWS), a wage subsidy to help businesses keep and re-hire employees and avoid layoffs. The CEWS has been extended until June 2021.
- the Canada Emergency Business Account (CEBA) provides interest-free, partially forgivable, loans to small businesses and not-for-profits that have experienced diminished revenues due to COVID-19, but face ongoing non-deferrable costs, such as rent, utilities, insurance, taxes and wages.
- the Canada Recovery Benefit (CRB), provides taxable income support to employed and self-employed individuals who are directly affected by COVID-19 and are not entitled to Employment Insurance (EI) benefits.
- the Canada Recovery Sickness Benefit (CRSB), a taxable benefit for workers who are unable to work due to the effects of COVID-19.
- the Canada Recovery Caregiving Benefit (CRCB), a taxable benefit for workers who are forced to take care of a family member for reasons related to COVID-19.
- the Canada Emergency Rent Subsidy (CERS), which provides rent subsidies directly to businesses, rather than landlords, with a base subsidy rate of up to 65% available on eligible expenses.
- the Business Credit Availability Program (BCAP), to provide additional support through the Business Development Bank of Canada and Export Development Canada.
Apply for Ontario Covid-19 Extended Financial Help by Phone:
- Please call 1-800-959-2019 or 1-800-959-2041 to apply.
Thinking About Selling Your Home? Contact Realtor Sean Findlay for a Free Home Evaluation and find out what your home is worth in these current market conditions.
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