Physician Financial Independence Group Facebook, Canada wideFacebook group made up of physicians and their spouses. Discuss key financial decisions including personal, business, investments, education funds, insurances, and more.
CMA: Financial Guidance for physicians during Covid-19CanadaSummary of the different wage subsidy and loan programs and how they apply to a medical practice and corporation.
Canada Emergency Wage Subsidy (CEWS) (CANADA)CanadaProvides a 75% wage subsidy to eligible employers for up to 12 weeks, retroactive to March 15, 2020
Temporary 10% Wage Subsidy (CANADA)CanadaThree-month measure that will allow eligible employers to reduce the amount of payroll deductions required to be remitted to the Canada Revenue Agency (CRA).
Canada Emergency Business Account (CEBA) Business Loan Program (CANADA)Canada $40,000 loan for a Canadian registered business. Interest rate is 0% and no minimum monthly principal payments until December 31, 2022. If repaid prior to December 31, 2022, 25% of the amount loaned under the CERB is forgiven up to $10,000. Contact your business' financial institution for more information.
BC Hydro Relief Fund (BC) - Small BusinessBritish ColumbiaIf you own a small business that needed to close due to COVID-19 measures, you may be eligible to have your business' electricity use charges waived for up to three months.
Other discountsCanadaCheck with your bank about other financial relief options including deferring credit card payments, increasing lines of credit, and waiving other fees. Royal CBD Royal CBD Creams