Canada Emergency Response Benefit

PRECs, Dividends & CERB

REALTORS® with Personal Real Estate Corporations who pay themselves dividends can apply for the Canada Emergency Relief Benefit (CERB), as long as they meet other eligibility criteria. On April 6, 2020, the federal government extended CERB eligibility criteria to include self-employed workers who pay themselves with dividends. According to the CERB government website, non-eligible dividends

More Than Wage Subsidies: Additional Aid for Brokerages

By Anna Jones, CPA, CA (Partner, Church Pickard) The Canada Emergency Wage Subsidy (CEWS) and Temporary Wage Subsidy (read about them here) are just two financial aid programs available to managing brokers as small business owners. The Work-Sharing Program, Canada Emergency Business Account and recently announced Canada Emergency Commercial Rent Assistance programs can all help

Broadened CERB Criteria Makes More REALTORS® Eligible

On April 15th, the Government of Canada broadened the Canada Emergency Response Benefit (CERB) criteria by allowing applicants to earn up to $1,000 in each four-week eligibility period. People who are eligible for Employment Insurance or sickness benefits or who have exhausted their Employment Insurance benefits between December 29, 2019 and October 3, 2020 are

CERB or CEWS: Which Federal Aid is Right for You?

If you are a REALTOR® trying to understand whether you should apply for the Canada Emergency Response Benefit (CERB) (due to launch April 6) or the Canada Emergency Wage Subsidy (CEWS) (launch details unavailable) there are two questions to ask yourself: Are you self-employed? Have you incorporated as Personal Real Estate Corporations (PREC) and receive

Applying for CERB – Start with a CRA My Account

In order to apply for the new Canada Emergency Response Benefit (CERB), expected to launch April 6, you must first have an online account with Canada Revenue Agency (CRA), called CRA My Account. The British Columbia Real Estate Association (BCREA) recommends that all REALTORS® who intend to apply for CERB and who do not yet

Canada Emergency Response Benefit – What it means for REALTORS®

With the announcement of the newly created Canada Emergency Response Benefit (CERB) and associated eligibility criteria, the Canadian Real Estate Association (CREA) continues to work with the federal government to make additional details available to REALTORS® as soon as possible. “Since the emergence of COVID-19, CREA has been in ongoing discussions with government departments and