Grant Thornton has developed the 26-Week Cash Flow Forecast Model that can assist clients with determining their cash flow needs and support in discussions with their bank. It quickly captures a company’s current cash position and forecasts the run rate for the next 26-weeks. Of significant importance, to business owners and banks, is the model incorporates all the […]
Yesterday, April 2, 2020, the Province announced two new programs valued at an estimated $40 million to further support small businesses and workers impacted by the COVID-19 pandemic. These two new programs are the COVID-19 Worker Emergency Bridge and the Small Business COVID-19 Impact Grant. Click here to learn about these newly announced programs.
The Province has made an additional $10 million in credit available through the Program as part of its COVID-19 response efforts to support small businesses, creating a new opportunity for our members experiencing financial uncertainty to access support. New loans and lines of credit can be issued through the Program, with up to $100,000 of […]
On Wednesday, April 1, 2020, Finance Minister Bill Morneau, the Minister of Small Business, Export Promotion and International Trade, Mary Ng, and the Minister of Innovation, Science and Industry, Navdeep Bains, announced the details of the proposed Canada Emergency Wage Subsidy. Click here for a summary of CEWS provided by Grant Thornton that you can download […]
The province has shared that they continue to see participation in their Rent Deferral Program and are pleased to see landlords and tenants working together during this difficult time. As of, April 2, 2020, 180 landlords from across the province representing 505 tenants have entered into agreements that will see $4 million in rent deferred.
CANS President & CEO Duncan Williams was interviewed recently for a piece featured on CBC Nova Scotia covering the government’s call for help with manufacturing medical supplies. Read the full article, “Nova Scotia puts out call for help with medical supplies, services.”
On April 2, 2020, government announced two new programs valued at an estimated $40 million to further support small businesses and workers impacted by the COVID-19 pandemic. COVID 19 Worker Emergency Bridge – for workers ($20 million) Nova Scotians have a long and proud history of helping each other in tough times. For some workers, Covid-19 […]
The following is an update from the Province of Nova Scotia regarding the ongoing State of Emergency. Aprile 2, 2020 – 12:58 PM “Cabinet met today, April 2, by teleconference and agreed to ask the lieutenant governor to extend the state of emergency for another two weeks,” the province said in a news release Thursday.” […]
The following is an excerpt from a release issued by Halifax Water on Wednesday, April 1, 2020, regarding special measures and service updates amid COVID-19. “The COVID-19 pandemic has many Halifax Water customers concerned about the future and their ability to pay bills in these uncertain times. To further support customers, Halifax Water is taking […]
The following is an excerpt of a release from the Workers’ Compensation Board of Nova Scotia: “Premium payments deferred for three months; interest and late payment fees waived until further notice. We understand that these are very challenging times for many businesses. In partnership with the Province of Nova Scotia, all WCB premium payments from employers […]