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Canada Emergency Commercial Rent Assistance program released

on Fri, 04/24/2020 - 15:03
We have now the details on the Canada Emergency Commercial Rent Assistance that the Prime Minister’s Office had released
 
First and foremost, this is a loan program.
 
Businesses will be able to apply for amount to cover 50% of their three monthly commercial rent payments during April, May and June.
 
Of course, the most important part is always whether you qualify, your business will be eligible if:
- You are paying less than $50,000 per month in rent 
- You have temporarily ceased operations or have experienced at least a 70% drop in pre-COVID-19 revenues.
 
With you landlord’s

Tips to Help Startups Hit the Ground Running

on Thu, 11/07/2013 - 06:34

Eve came to me and offered her write-up to trufinancial.ca as guest post. I open and welcome any like-minded to do the same, always great to learn from one another :) Enjoy!

Business startups in Canada face a frequently bewildering array of financial challenges. These can however be resolved into the main areas of tight cashflow, under-capitalization and financial restrictions in the shorter term. Despite these hurdles, the good news is that over 80 per cent of start-ups in Canada manage to keep going past the one year mark.  

There is a sting in the tail, however.