Tag: subsidy

Small business leaders call for $5,000 viability review subsidy to be included in the budget



Kate Carnell wearing a blue shirt


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Kate Carnell

Key members of the small business community have come together to urge the federal government to include a Small Business Viability Review program in next week’s federal budget. 

Under the proposal, the government would fully fund a subsidy that would allow small business operators to access professional advice about the viability of their business. 

The call is being made by the Australian small business and family enterprise ombudsman Kate Carnell, CPA Australia, Chartered Accountants Australia and New Zealand (CANZ), the Institute of Public Accountants (IPA), the Institute of Certified Bookkeepers (ICB) and the Council of Small Business Organisations Australia (COSBOA). 

Echoing an earlier call from Carnell’s office for professional advice vouchers to be made available to small businesses, the groups are calling for a subsidy up to the value of $5,000.

Business operators would be able to use the subsidy to access tailored

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Business leaders welcome child-care strategy and wage subsidy extension

In its throne speech Wednesday, the Liberal government promised to extend the pandemic wage subsidy, create a million new jobs and establish a national child-care strategy, signalling a shift toward longer-term support for Canadian business that was welcomed by business leaders.

Two of the more popular announcements with the business community included the extension of the wage subsidy into summer 2021, as well as the promised expansion of the Canada Emergency Business Account, which currently provides interest-free loans of up to $40,000 to small businesses and not-for-profits, with a certain part being forgivable.

Trevin Stratton, chief economist with the Canadian Chamber of Commerce, said he was pleased by the promise of a comprehensive child-care and early learning system, which he says will help get women, who have been hardest-hit by job loss, back into the workforce.

Recent data shows that women, especially marginalized women, have suffered higher levels of job

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Majority of business leaders agree the federal wage subsidy is a sound investment in Canada’s economic recovery: KPMG in Canada poll

While leaders split on who should receive the temporary subsidy, digital investments seen as priority in adjusting to pandemic realities

TORONTO, Sept. 21, 2020 /CNW/ – A majority of Canadian business leaders surveyed (76 per cent) believe the recently redesigned Canada Emergency Wage Subsidy (CEWS) is a good investment to get Canadians back to work and help the economy rebound, finds a new client poll by KPMG in Canada. 

KPMG Logo (CNW Group/KPMG LLP)

“Our clients have told us that the federal wage subsidy program is helping them not only to retain their employees, but also to cope with pandemic-related costs and rehire workers who have been laid off,” says Lucy Iacovelli, Canadian Managing Partner of KPMG’s national Tax practice. “While there has been an upturn in the economy, many Canadian business leaders are still uncertain about what the coming months will bring, and welcome continuing support

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