The application portal for the CERB $2,000/month funding is available starting today through CRA My Account. Use the following schedule to apply: April 6th - Birth months of January, February and March April 7th - Birth months of April, May and June April 8th - Birth months of July, August and September April 9th - Birth months of October, November and December Open for anyone after those dates Where to apply: https://www.canada.ca/en/services/benefits/ei/cerb-application.html Two important points: CRA has clarified that business owners who are compensated through dividends rather than wages are eligible for the CERB if their 2019 income is $5,000 or more. CERB vs EI If you have applied for EI since March 15th, your application will automatically be transferred to the CERB process, so there is no need to apply for CERB . At the end of the 4 month CERB program, you could resume receiving EI if eligible and the CERB payments will not use up any of the EI-eligible weeks. For anyone who applied to EI prior to March 15th and received benefits, you will stay in the EI program and continue receiving the EI payments. A good summary here: https://globalnews.ca/news/6770564/coronavirus-ei-beneficiaries-federal-emergency-benefit/ More answers to common questions are available here: https://www.canada.ca/en/services/benefits/ei/cerb-application/questions.html

Details are here: https://www.canada.ca/en/revenue-agency/campaigns/covid-19-update/frequently-asked-questions-wage-subsidy-small-businesses.html Highlights: A 10% wage subsidy is available for any wages paid between March 18th and June 20th, to a maximum of $1,375 per employee and $25,000 per employer To calculate: If you have 5 employees earning monthly salaries of $4,100 for a total monthly payroll of $20,500, the subsidy would be 10% of $20,500, or $2,050. To claim the subsidy: Reduce your payroll remittances by the amount of the calculated subsidy in the first remittance period that includes wages paid between March 18th and June 20th. So, for a regular remitter, the remittances due April 15 will be reduced by the amount of the subsidy. The subsidy does not need to be used to reduce remittances immediately. You can pay full remittances now and then request the calculated subsidy be paid out to you at the end of the year or applied to next year's remittances. To report the subsidy: CRA has not yet released info on how to report the subsidy calculation or amount. This is expected in the near future. The subsidy will be considered taxable income to your business in the year it is received. The team at Insight LLP is committed to helping our business clients access and understand the latest information on the ever-changing Covid-19 situation. Please contact us directly with any questions specific to your business needs at 403-524-4878 or via email.The body content of your post goes here. To edit this text, click on it and delete this default text and start typing your own or paste your own from a different source.