Stizzla
Crew Member
You’re not allowed do it without having me as a regular guest!
COVID 19 - BUSINESS THREAD INFO/DISCUSSION
- Thread starter SpringVelocity
- Start date
MadJigga
Well-Known Member
That’s the only way i see it being a success....!!!
MadJigga
Well-Known Member
Anyways, back to Covid and how it’s affecting business!!
wishiniwasfishin1
Well-Known Member
Hey - Make sure you are using the correct business number - they want the payroll account so RP # (not tax account number RT #).
MadJigga
Well-Known Member
We resubmitted. My accountant filled it out. No response email from the re submission
Royal Bank of Canada has approved more than $2 billion in emergency loans to small businesses since last week, but some business owners say the system set up by the bank has left them unable to apply for the government’s Canada Emergency Business Account loans even though they meet the qualifications.
https://business.financialpost.com/news/fp-street/rbc-business-clients-shut-out-ceba-application
Rain City
Crew Member
Mine still hasn't been
MadJigga
Well-Known Member
Patience....I’m sure it will be.
SpringVelocity
Crew Member
I AM WAITING FOR MY ACCOUNTANT ! UGH!
MadJigga
Well-Known Member
I’m sorry to hear that! Soon...
SpringVelocity
Crew Member
It's alright. Just some paperwork they need.
tightlines
Well-Known Member
I got mine in 3 days- there was no correspondence it just magically appeared in the business account...
SpringVelocity
Crew Member
I wasn't going to apply but with tourism likely not picking up to later summer may have 2. Good on you guys for getting it.
Does your business have to be completely shutdown for this loan?I'm not directly impacted by the virus,but waiting on a subdivision to be completed to start a couple houses..The red tape at city hall,lawyers ect is taking forever, since they are mainly working from home.
Accountant is looking into it for me,hope to hear Monday.
Accountant is looking into it for me,hope to hear Monday.
MadJigga
Well-Known Member
No. Your business does not have to be affected in any way
Sotally Tober
Well-Known Member
Your CERB money is taxable.
Six million Canadians have applied for the Canada Emergency Response Benefit (CERB) amid the novel coronavirus pandemic.
The federal income support program provides $2,000 every four weeks for up to 16 weeks to Canadians who’ve been financially affected by the pandemic. Ottawa isn’t withholding any taxes at source on those benefits, meaning recipients are getting the full $2,000 for now.
https://globalnews.ca/news/6831951/cerb-taxable/
Six million Canadians have applied for the Canada Emergency Response Benefit (CERB) amid the novel coronavirus pandemic.
The federal income support program provides $2,000 every four weeks for up to 16 weeks to Canadians who’ve been financially affected by the pandemic. Ottawa isn’t withholding any taxes at source on those benefits, meaning recipients are getting the full $2,000 for now.
https://globalnews.ca/news/6831951/cerb-taxable/
SpringVelocity
Crew Member
Of course it's taxable.
Weird. You think they would screen people that didn't need it. I guess they are hoping to catch people in audit situations. I guarantee any of us that get these loans will get audited in future.
Weird. You think they would screen people that didn't need it. I guess they are hoping to catch people in audit situations. I guarantee any of us that get these loans will get audited in future.
