Dec 5, 2020
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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
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