The You First Blog

This week, the Canada Emergency Response Benefit (CERB) was officially extended for two additional months. CERB-eligible recipients will be able to receive $2,000 per month over the two extra months. Prime Minister Justin Trudeau announced the extension of the CERB during a statement on Tuesday. However, he did encourage Canadians to seek work and return… Read More

Taxes The 2019 tax season is almost behind us and we want to thank all You First clients for your patience in adapting to the new processes this year. As a reminder, you have until August 31 to remit your balance owing without incurring any late-payment interest.  This also applies to those who must make… Read More

A popular question from investment media this month is how stock markets can only be down 10% to 15% from their pre-COVID highs amid all this economic damage. On May 10th, the New York times published an article called Repeat After Me: The Markets are not the Economy. On May 22nd, the Globe & Mail… Read More

Non-incorporated, self-employed individuals will soon be able to apply for the Canada Emergency Business Account (CEBA), the federal government announced on Tuesday. CEBA offers interest-free, partially forgivable loans of up to $40,000 for qualifying businesses. Previously, the program was available only to businesses with payrolls between $20,000 and $1.5 million.  CEBA will now be available… Read More

General Update

May 13, 2020
Anthony & Frank's Update
Anthony Sabti

Tax Season The filing deadline is June 1 (June 15 for self-employed individuals). The payment deadline is August 31, 2020. We are working on files in sequence.  Our turnaround time is approximately 3 weeks this year. If you have not done so, kindly submit your documents by the end of the week to ensure your… Read More