Prime Minister Trudeau announced on Thursday April 16, 2020 a new program to assist small businesses that are stuck in commercial lease agreements that they cannot make payments on. The Canada Emergency Commercial Rent Assistance program (“CECRA”) will assist small businesses with rent for April, May and June. Details on the CECRA program The program will, according to a PM’s…
VIDEO: Benefits of Incorporation for Canadian Small Businesses This video describes the main benefits of incorporation for the small business owner: 1) Liability protection 2) Saves you money on taxes 3) Eligibility for the Lifetime Capital Gains Exemption upon sale of your shares 4) Flexibility in how you structure, fund and operate your small business Vancouver corporate lawyer Steve Parr…
COVID-19 and your Commercial Lease These unprecedented times have given rise to much uncertainty. As we continue to adapt, commercial tenants and landlords have many questions since all non-essential businesses have been asked to close down. The main concern is regarding the impact of COVID-19 on commercial leases. A good place to start for this discussion is to explore the…
