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MQ Accounting
MQ Accounting
Cha-Ching 💰💰
At MQ Accounting we always work sober... and while we likely won't get you back millions we will make sure you are getting all the deductions you are entitled to.

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MQ Accounting
MQ Accounting
Prime Minister Justin Trudeau announced more help for small and medium-sized businesses to keep employees on the payroll during the COVID-19 crisis, including a 75 per cent wage subsidy and guaranteed interest-free loans.
MQ Accounting
CBC News
Prime Minister Justin Trudeau announced more help for small and medium-sized businesses to keep employees on the payroll during the COVID-19 crisis, including a 75 per cent wage subsidy and guaranteed interest-free loans.
MQ Accounting
MQ Accounting
“Prime Minister Trudeau -announced in a press conference this morning that he knows small businesses are suffering.

Last week, it was announced that businesses would be offered 10 per cent of wages to keep employees working. It has now been announced that it is going up to 75 per cent..."for any qualifying business." Prime MinisterTrudeau says he hopes employers consider rehiring employees that they have let go with this new support.

The government is also launching the Canada Emergency Business Account-banks will soon offer $40,000 loans which will be guaranteed by the government to qualifying businesses. This loan will be interest free for the 1st year.

On top of this, they are providing an additional $12.5 billion to Export Development Canada and the Businesses Development Bank to help small and medium sized businesses with their operational cashflow requirements.

The government is offering to defer GST and HST payments as well as duties and taxes owed on imports until June.

More info to follow Monday .... details have not been formulated yet.
MQ Accounting
MQ Accounting
A huge step forward for small business in Trudeau's morning address (March 27th).

One change is the wage subsidy was just increased from the previous stated 10% to 75% if you are keeping your employees on staff and working.

Stay tuned Monday for more details on interest-free credit to small business.
MQ Accounting
MQ Accounting
Today, the WSIB announced a $1.9 billion relief package for employers.

All employers covered by the WSIB can defer premium payment and reporting for six months, until August 31, 2020. There will be no interest or penalties on deferred payments.

Employers are automatically eligible, and don’t need to apply or opt-in.

http://news.ontario.ca/mol/en/2020/03/ontario-enabling-financial-relief-for-businesses.html