Category: COVID-19

Employers are now looking for options to maintain employees while reducing employment costs. One program that many are talking about is the Work-Sharing (WS) program. This is an Employment Insurance (EI) program that helps employers and employees avoid layoffs when there is a temporary decrease in business activity beyond the control over the employer. The […]

As COVID-19 continues to escalate rapidly, it increases the tempo of business owners as they scramble to keep control over a business situation that feels anything but in control. Presently the working capital loans offered by BDC seem to be the best chance of survival for many. While there will be opportunities to pivot businesses […]

Business owners have had many questions the about the Government of Canada’s commitment to supporting businesses in response to COVID-19 including a Temporary Wage Subsidy. At the time we learned businesses can reduce source deductions by 10% up to a maximum of $1375/employee and a total of $25,000 per organization. This is a subsidy, which means […]

Help is on the way. The information is flowing fast and furious now in order to sustain business and employment continuity. Yesterday BDC announced Working capital loans of up to $2 million with flexible terms and payment postponements for qualifying businesses. I spoke with representatives from BDC and here is my understanding of how it […]

These sure are interesting times. We have all been hit tremendously hard. First the realization that we need to transform our companies to ‘work from home’. Even in this tech town Ottawa, Ontario, ‘work from home’ is not as easy as we thought, and certainly there will be productivity issues resulting. Now our bodies are […]