CERS Eligible Expenses

05/12/2020 5 min Temporada 1 Episodio 126
CERS Eligible Expenses

Listen "CERS Eligible Expenses"

Episode Synopsis

See our disclaimer here: https://studio.youtube.com/video/kqF1iK0qAOk/edit For Your FREE Consultation with Rob, simply fill out the form and directly book your strategy session in his calendar here: https://robtetrault.com/speak-to-rob/ Register to our FREE Retirement Planning Masterclass - https://bit.ly/2THZzNj Register to our FREE Alternative Real Estate Investing Masterclass - https://bit.ly/34ySkgB 📽 Watch our other video on Estate Planning for Retirees: https://youtu.be/w9-snjUxPZM Today we're diving deep into the new Canada Emergency Rent Subsidy and all about: 1) Qualification a) CRA business number on or before sept 27 2020 b) Have a payroll account march 15th 2020 c) purchased a business 2) Eligibility a) Be an eligible business b) Need to have experienced a drop in revenue (no minimum) c) Have eligible expenses - qualifying property 3) Qualifying property a) real property in Canada that your business owns or rents that you use in the course of ordinary business 4) What are the benefits a) $75,000 per business location at a max of $300,000 for all locations ** NO TOP UP LIMIT** **with certain conditions** b)The money is paid to a third party (not your kids or family) c) The money is paid with respect to the claim period d) The money is paid under an agreement that existed BEFORE October 9th 2020 5) Qualifying Periods Claim period 1: September 27 to October 24, 2020 New Claim period 2: October 25 to November 21, 2020 Claim period 3: November 22 to December 19, 2020 📽 Watch our other video on How to Retire Early with a Sound Retirement Income Plan: https://youtu.be/niDS2iZfB0s For more information on Rob & The Tetrault Wealth Advisory Group, click here: https://robtetrault.com/about/

More episodes of the podcast The Rob Tetrault Show