Stop, assess the situation and determine where you need to change course. Plan the work then work the plan. Here are 5 questions to help assess how prepared your business is for a dramatic economic downturn.
If you need support to understand or answer these questions, just send us a note and we can help walk you through this health check.
Take advantage of Government Support - Canada's Economic Support Plan - Options to access an unemployment benefit for self employed Canadians. Payroll support up to $25,000.
The federal government will offer a 75% wage subsidy to all businesses that have lost 15% of their gross revenue as a result of COVID-19 pandemic. Sole proprietorships, partnerships, non-profits, and charities are also eligible. DETAILS
Stay tuned more tools and templates to help with cash flow planning, innovating you business and links to webinars and other support tools.
Tool #1 -Tax Templates Inc., a Toronto company that specializes in creating specialized tax spreadsheets for professional tax advisors, has created a free worksheet that can be accessed online to help Canadian businesses and their tax advisers calculate their businesses’ wage subsidy.