Canadian e-commerce giant Shopify has broadened its financial services offering with the launch of Shopify Balance, a banking product for small businesses. Shopify Balance is made up of three products, a bank account, a card, and a rewards program for Shopify merchants. According to Shopify, the idea behind the new offering is to provide financial […]
Month: May 2020
Expanded eligibility criteria for the Canada Emergency Business Account
May 19, 2020By Bob Peters Cornwall Ontario – The Government of Canada announced the expansion of eligibility criteria for the Canada Emergency Business Account (CEBA) to include many small, owner-operated businesses. This extended measure will help small businesses protect the jobs Canadians rely on. “Canadians are counting on us to protect their jobs and help […]
Federal Authorities Eliminate Minimum Payroll Requirements to Access Canada’s Emergency Business Account
Herald file photo. Businesses with no payroll may now be eligible for a Canada Business Emergency Account (CEBA) loan after the federal government expanded the eligibility criteria on Monday. The ruling affects business owners who are self-employed or sole proprietors, family businesses who pay their employees through dividends, and owners who only employ contractors. Prime […]