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Are you eligible for CEBA loan and how to apply

on Tue, 04/14/2020 - 19:21

*Updated on June 16, 9:46pm - updated program details
*Updated on April 16, 12:45pm - updated program details

Ok... so we are finally getting some details on the CEBA (Canada Emergency Business Account) loan for small businesses.... 

Here we go, are you eligible? The criteria seems to be very strightforward. 

- Your business has a Canada Revenue Agency business number that had filed a 2018 or 2019 tax return; 
- Your business is a Canadian-operated businesses that have a payroll of $20,000 to $1,500,000 in 2019 as reported in Box 14 of the business’ 2019 T4 Summary, as long as you do not run

The advantage of a business account

on Fri, 07/12/2013 - 09:54

"Entrepreneurship and Small Business" series, #6 (#5 How to pay yourself effectively; #4 How to manage your business; #3 Things to consider when you start your business; #2 What you should do before you quit your full time; #1 What needs to be prepared before you start your business; #7 Business budget made easy; #8 Last minute tax saving for corporations; #9 The federal disaster to small businesses and working class)

 
I had this interesting discussion with an accountant on what is the advantage of having a business account when the business owner is still a sole proprietor.

Banks can be harmful, too

on Tue, 09/13/2011 - 12:26

Subsequently, I worte a second part to this article...

So, I was tweeting as usual... was reading through the transcript of the chat on Globe & Mail RESP Q&A which was held on Sept 7. It was a great chat, and I always like the way Mike handles his questions...LOL

 
 
Anyway, I have to oppose going to the banks for everything you need... I am sorry, you might think the banks are great, but the truth is you hardly get a good banker who will be able to (or willing) to look into everything for you on every aspect that (s)he can, and that's the fact (so if you do have a good banker, treasure