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The federal government's pandemic benefits have been extended for workers and businesses until Oct. 23, Finance Minister Chrystia Freeland and Employment Minister Carla Qualtrough announced. They said the decision to extend the benefits is "in recognition that uneven economic reopening across regions and sectors means workers and businesses continue to need support." The extensions include: • "Extending the eligibility period for the Canada Emergency Wage Subsidy, the Canada Emergency Rent Subsidy and Lockdown Support until October 23, 2021, and increasing the rate of support employers a...

Share this article Share this article OTTAWA, ON, May 23, 2021 /CNW/ - The Honourable Mélanie Joly, Minister of Economic Development and Official Languages, made the following statement marking Tourism Week in Canada: "Today is the beginning of Tourism Week in Canada. While in previous years, it was an opportunity to celebrate the sector's many successes, it now caps a particularly difficult period. While we cannot downplay the toll the pandemic has taken on the sector, there are still important opportunities for businesses. When it is safe to travel, Canada's tourism sector will once agai...

COVID-19 Relief - Highly Affected Sectors Credit Availability Program (HASCAP) Guarantee The grim one year anniversary of the COVID-19 pandemic in Canada has highlighted that many businesses across the country continue to struggle financially. Two Federal assistance programs, the  Canada Emergency Wage Subsidy (CEWS) and the  Canada Emergency Rent Subsidy (CERS) have helped by giving out a combined total of over $77 billion in subsidies, but it is not enough for many small and medium-sized businesses. 1 The CEWS was announced nearly a year ago to prevent job loss by encouraging employers ...

Huge Tax Hike From Biden Has Wealthy Americans Upset More on: Image source: Getty Images The ultra-rich in America are worried about the Biden Tax Plan. Trillions in new taxes will affect the wealthiest in the United States. The Biden administration will raise the top income and capital gains tax rates, and the richest 1% of taxpayers will carry the burden. According to the White House, the top income tax rate will increase to 39.6%. Garrett Watson, a senior policy analyst at the Tax Foundation, said households with more than around $540,000 in income fall among the wealt...

/CNW/ - Budget 2021 is the Government of Canada's plan to finish the fight against COVID-19 and ensure a robust economic recovery that is sustainable and...