How to Apply for the Canada Emergency Business Account - CEBA (STEP BY STEP)

In this video my accountant Mit breaks down the exact details for the How to Apply for the Canada Emergency Business Account - CEBA (STEP BY STEP) - Subscribe to the channel @Jeff Wybo Enjoy!

Info on CEBA Here:
canada.ca/en/department-finance/economic-respon…

Apply for the Canada Emergency Response Benefit - CERB:
canada.ca/en/revenue-agen...

FOR ALL YOUR EXTRA QUESTIONS LEAVE THEM IN THE COMMENTS OR DM Mit on Instagram @mitcpa

If you want to join the AIRBNB Group click here:
facebook.com/groups/airbnbmastery/

SUBSCRIBE to Jeff Wybo www.youtube.com/jeffwybo
Watch The Playlist: youtube.com/watch?v=EUB8r...

Want landlord tips? Sign up here FREE:
mattmckeever.com

My new software for Landlords: controlyourproperty.com/

The 100k Course:
Welcome to my personal break down on how I made $100,000 in commission in my first year of being a realtor! In this step by step guide I walk you through the actionable steps on how to make money and succeed in your first year in Real Estate. Now before you enrol please note; this is how I did it and it wasn't easy, you will still need to put in the work. Every, Single, Day! However, I'm here for you! I will guide you along the way because Real Estate Sales isn't Black and White so what I will do is teach you the GREY! Mastering the Grey is where you make the MONEY!

Take 50% off my real estate agent 100k course as a thank you for watching this:
Use THANKYOU50 bit.ly/32vhyJg

Interested in Airbnb's?
Join My Facebook Group Here 👉facebook.com/groups/airbn...

Tim Ferriss's Book:
4 Hour Work Week: amzn.to/2xWkoKJ

80/20 Principle: amzn.to/2S8b7b3
Rich Dad Poor Dad: amzn.to/2LRTEmU
Real Estate Books: amzn.to/2wUSuuN
Omega Watches: amzn.to/2xp3xld
Tom Ford: amzn.to/2ywebGS

Great Videos to watch:

Tips and Advice Every New Real Estate Agent Needs to Know
youtube.com/watch?v=4b013...

My First Year
youtube.com/watch?v=gJYp6...

Canada Emergency Wage Subsidy
The Canada Emergency Wage Subsidy (CEWS) supports employers that are hardest hit by the pandemic, and protect the jobs Canadians depend on.

The subsidy covers 75% of an employee's wages – up to $847 per week - for employers of all sizes and across all sectors who have suffered a drop in gross revenues of at least 15% in March, and 30% in April and May.

The program will be in place for a 12-week period, from March 15 to June 6, 2020.

Employers eligible for the CEWS are entitled to receive a 100% refund for certain employer contributions to Employment Insurance, the Canada Pension Plan, the Quebec Pension Plan, and the Quebec Parental Insurance Plan paid in respect of employees who are on leave with pay. For employers that are eligible for both the CEWS and the 10% Temporary Wage Subsidy for a period, any benefit from the Temporary 10% Wage Subsidy for remuneration paid in a specific period will generally reduce the amount available to be claimed under the CEWS in that same period.


Establishing a Business Credit Availability Program
We established a Business Credit Availability Program (BCAP) to provide $40 billion of additional support through the Business Development Bank of Canada (BDC) and Export Development Canada (EDC).

BDC and EDC are working with private sector lenders to coordinate on credit solutions for individual businesses, including in sectors such as oil and gas, air transportation, exports and tourism.

This program includes:

Loan Guarantee for Small and Medium-Sized Enterprises
EDC is working with financial institutions to issue new operating credit and cash flow term loans of up to $6.25 million to SMEs.

Co-Lending Program for Small and Medium-Sized Enterprises
BDC is working with financial institutions to co-lend term loans to SMEs for their operational cash flow requirements.

Eligible businesses may obtain incremental credit amounts of up to $6.25 million through the program.

These programs will roll out in mid-April, and interested businesses should work with their current financial institutions.


Canada Emergency Business Account
The new Canada Emergency Business Account will provide interest-free loans of up to $40,000 to small businesses and not-for-profits, to help cover their operating costs during a period where their revenues have been temporarily reduced.

To qualify, these organizations will need to demonstrate they paid between $50,000 to $1 million in total payroll in 2019.

Business owners can apply for support from the Canada Emergency Business Account through their banks and credit unions.