Cornerstone CPA Professional Corporation

04/22/2022

Just a quick reminder.
May 2nd is the tax filing deadline.

03/28/2022

COVID-19 Recovery Programs

The government is taking immediate action to support Canadians and businesses facing hardship due to the COVID-19 pandemic. That support includes EI, sickness, and recovery caregiving benefits, as well as wage support and relief funds.
https://www.canada.ca/en/department-finance/economic-response-plan.html

03/25/2022

National Waffle Day has arrived!
What is your favourite way to eat waffles?

03/23/2022

Did you know that we can get you dancing?
This could be you!!
Let's see how much of a refund you can get.
Get in touch with us.

03/21/2022

Pandemic Support for Commercial Tenants

Businesses, non-profit organizations, and charities who have seen a drop in revenue during the pandemic may be eligible for a subsidy to cover part of their commercial rent or property expenses through one of the following:

• Tourism and Hospitality Recovery Program (THRP) – Rent (Effective: Until 7 May 2022)
• Hardest-Hit Business Recovery Program (HHBRP) – Rent (Effective: Until 7 May 2022).
https://www.canada.ca/en/revenue-agency/services/wage-rent-subsidies/covid-rent-property-support-businesses.html

03/17/2022

Bank of Canada Hikes Key Interest Rate to 0.5%

The Bank of Canada raised its benchmark interest rate to 0.5%-- the first time the bank has raised its rate since 2018. The Bank of Canada's rate affects the rates that consumers get on things like mortgages, lines of credit, and savings accounts at their own banks.
https://www.cbc.ca/news/business/bank-of-canada-rate-decision-1.6369774

03/14/2022

HASCAP Loan Applications

Loan applications from the Highly Affected Sectors Credit Availability Program (HASCAP) are available until 31 March 2022. Loans start at between $25,000 and $1 million for a single business depending on the size of the operation, and run up to $6.25 million for companies with multiple locations.
https://www.bdc.ca/en/special-support/hascap

Businesses heavily impacted by COVID-19 can access loan guarantees of $25,000 to $1 million to cover operational cash flow needs.

03/10/2022

Economy Grew 6.7% in Q4 2021

Canada's economy grew 6.7% in the fourth quarter of 2021 on an annualized basis, beating analyst forecasts of 6.5%. Meanwhile, January GDP most likely rose 0.2% after stagnating in December, according to Statistics Canada.

03/08/2022

Happy International Women's Day.

03/07/2022

Today is CEREAL DAY!!!
Celebrate this awesome day by having your favourite cereal for desert.

03/01/2022

Today is the deadline for your RRSP contibutions!
This is the last day to contribute for the 2021 tax year.
Don't panic... We can help.
Contact us today. 519-824-0897

02/28/2022

The deadline for your RRSP contibutions is coming!
March 1 st 2022 is the last day to contribute for the 2021 tax year.
Don't panic... We can help.
Contact us tody. 519-824-0897