Ronny Ko

BC Covid-19 Government Updates - June 24, 2020

BC Covid-19 Government Updates - June 24, 2020
June 24Provincial Government Update - Moving into Phase 3Premier Horgan has just announced a transition to Phase 3. Public health officials and WorkSafe BC have developed most of the guidance needed to safely open. The guidelines and extra safety precautions for sectors in Phase 2 are still in place, those that can begin a gradual re-opening o...
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Ronny Ko

Canadian Covid-19 Government Updates - May 15, 2020

Canadian Covid-19 Government Updates - May 15, 2020
Federal Government UpdateCanada Emergency Wage SubsidyExtended to August 29, 2020.Effective immediately and retroactive to March 15Eligibility expanded to include:registered journalism organizationsprivate colleges and training schoolamateur athletic associationsIndigenous-government-owned corporations or partnershipsProvincial Government UpdateK-1...
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Ronny Ko

Canadian Covid-19 Government Updates - May 13, 2020

Canadian Covid-19 Government Updates - May 13, 2020
Federal Government Update Regional Relief and Recovery Fund (RRRF) to be delivered by the regional development agencies (RDAs).Goal: help more businesses and organizations in various sectors such as tourism and manufacturing access the support they need. Delivery: The Western Economic Diversification Canada is one of six groups that will split the ...
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Ronny Ko

Canadian Covid-19 Government Updates - May 11, 2020

Canadian Covid-19 Government Updates - May 11, 2020
Federal Government Update Additional measures announced by the Government:Large Employer Emergency Financing Facility (LEEFF) - bridge financing to Canada's largest employers.Objective:help protect Canadian jobs;help Canadian businesses weather the current economic downturn;and avoid bankruptcies of otherwise viable firms where possible.Restriction...
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Ronny Ko

BC Covid-19 Government Updates - May 6, 2020

BC Covid-19 Government Updates - May 6, 2020
Provincial Government Update - BC'S Restart Plan: 4 Phase Plan Phase 1: Essential Services OperationsWe are currently in Phase 1 of the 4 Phase Restart Plan.Enhanced resources for hospitals and health careChild care for essential workersK-12: online and in-class learningNon-essential businessesPhase 2: Under Enhanced ProtocolsBeginning in mid-May u...
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Ronny Ko

Canadian Covid-19 Government Updates - April 29, 2020

Canadian Covid-19 Government Updates - April 29, 2020
Federal Government UpdateCanada Emergency Commercial Rent Assistance (CECRA)Landlord Eligibility:You own property that generates rental revenue from commercial real property located in Canada.You are the property owner of the commercial real property where the impacted small business tenants are located.You have a mortgage loan secured by the comme...
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Ronny Ko

Canadian Covid-19 Government Updates - April 27, 2020

Canadian Covid-19 Government Updates - April 27, 2020
Federal Government Update - April 27, 2020Applications Canada Emergency Wage Subsidy now openBenefit: As a Canadian employer you may be eligible for a subsidy of 75% of employee wages for up to 12 weeks, retroactive from March 15, 2020, to June 6, 2020. This wage subsidy will enable you to re-hire workers previously laid off as a result of COVID-19...
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Ronny Ko

Canadian Covid-19 Government Updates - April 24, 2020

Canadian Covid-19 Government Updates - April 24, 2020
Federal Government Update - April 24, 2020Canada Emergency Commercial Rent AssistanceToday, the federal government announced commercial rent support for small business in conjunction with the provincial government. We are still expecting additional details, we will keep you informed as updates become available.The government is offering qualifying ...
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Ronny Ko

Canadian Covid-19 Government Updates - April 23, 2020

Canadian Covid-19 Government Updates - April 23, 2020
Provincial Government UpdateBC Emergency Benefit for WorkersBenefit: The BCEBW is a one-time, tax-free $1,000 payment for British Columbians whose ability to work has been affected as a result of the COVID-19 pandemic.Eligibility: people must:have been a resident of British Columbia on March 15, 2020;meet the eligibility requirements for the CERB;h...
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Ronny Ko

Canadian Covid-19 Government Updates - April 22, 2020

Covid-19 Updates
​Federal Government UpdateThe federal government made the following announcements: Canada Emergency Wage Subsidy Online Calculator: a calculator will be launched on the CRA website so businesses can determine the amount they can expect to claim through the CEWS. The CEWS calculator can be found on CRA's Canada Emergency Wage Subsidy Web page. Appli...
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Ronny Ko

Canadian Covid-19 Government Updates - April 21, 2020

Covid-19 Updates
Canada Emergency Wage Subsidy - April 21, 2020Online Calculator: a calculator will be launched on the CRA website so businesses can determine the amount they can expect to claim through the CEWS. The CEWS calculator can be found on CRA's Canada Emergency Wage Subsidy Web page. Applications: open April 27Emergency Community Support FundFunds: $350 m...
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Ronny Ko

Canadian Covid-19 Updates: April 17, 2020

Covid-19 Updates
Federal Government Update - April 17, 2020The following information is based on Prime Minister Trudeau's morning announcement:Small Business Support $962 million in support to regional development agencies and the Community Futures Network of Canada to ensure small businesses in rural areas can access funds.$270 million to Futurpreneur and the Indu...
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Ronny Ko

Canadian Federal Government Covid-19 Updates: More Help for Regular Canadians

Covid-19 Updates
Federal Government Update -- April 15, 2020The following information is based on Prime Minister Trudeau's Wednesday morning announcement:Wage Boost for Essential WorkersIncreasing pay for essential workers who make less than $2,500 a month, including those working in long-term care facilities.Canada Emergency Response Benefit ExpansionThe eligibili...
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Ronny Ko

Canadian Federal and Provincial Covid-19 Updates: More New Measures for Small Businesses

Covid-19 Updates
Federal Government Update - April 16, 2020The following information is based on Prime Minister Trudeau's Thursday morning announcement:Canada Emergency Business Account Adjustments (CEBA)CEBA is a $40,000 government‑guaranteed loan to help eligible businesses pay for operating expenses, payroll and other non‑deferrable expenses which are critical t...
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Ronny Ko

​9 Free Things You Should Be Doing Now To Help Your Business 2020 Accounting & Finance

​9 Free Things You Should Be Doing Now To Help Your Business 2020 Accounting & Finance
Most of the challenges in starting a business relate back to doing the little things right. Like any good coach has said at some point: The fundamentals get you to the top. If you are thinking of starting or already have a small business, make sure you follow these seven important rules for small businesses:Number 1: Bookkeeping, Accounting, Compli...
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Ronny Ko

5 Steps To Clean Up The Books Before Starting A New Year

5 Steps To Clean Up The Books Before Starting A New Year
Starting 2020 and getting ready to file taxes in April can be a daunting task when your books are messy.We suggest getting on top of your books now as 2019 comes to a close. However, we understand it will not be an easy thing to do and bookkeeping can be a more complex task than you think. That is exactly why we have pulled together five of our bes...
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