A Bad Bank while ominous-sounding, is not a bank acting in bad faith. It is a structure meant to isolate high risk and illiquid assets of banks and/or financial institutions, to clear their balance sheets while still taking some write downs. The concept gained popularity during the 2008 financial crisis when they were being considered …
Canada Emergency Wage Subsidy (CEWS) is a $73 Billion emergency program set up the Canadian government to provide assistance to Canadian businesses, prevent job-losses and encourage employers to rehire laid-off workers. As a Canadian employer whose business has been affected by COVID-19, you may be eligible for a subsidy of 75% of employee wages for …
Canada Emergency Student Benefit (CESB) was announced by the Trudeau government among other measures covering post-secondary students and recent graduates with funding of upto $9 Billion pending parliamentary approval. These measures include launching: the proposed Canada Emergency Student Benefit, which would provide support to students and new graduates who are not eligible for the …
On April 15th 2020, the CERB rules were further modified to cover more workers by changing the eligibility criteria: Allow people to earn up to $1000 per month while collecting the CERB. Extend the CERB to seasonal workers who have exhausted their EI regular benefits and are unable to undertake their regular seasonal work because …
The Canada Emergency Response Benefit is the flagship program launched by the Government of Canada for the benefit of individuals. It is meant to be a temporary income support to individuals whose livelihoods have been negatively impacted by the Covid-19 Pandemic. People who qualify for CERB are entitled to receive a payment of $500 per …