Below are 10 important things to know about the Paycheck Protection Program (“PPP”) Loan Forgiveness Applications and the detailed instructions for the revised and updated applications.
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OTTAWA, ON, May 27, 2021 /CNW/ - Over the course of the COVID-19 pandemic, the Government of Canada has introduced historic measures to support Canadians, including the Canada Emergency Response Benefit (CERB). The CERB helped more than 8 million Canadians pay for things like food and rent when we first asked people to stay home and flatten the curve.
The CERB s eligibility criteria were made as broad and inclusive as possible so that workers who needed support could get it; especially for the self-employed whose income takes different forms.
As announced in February, self-employed workers who applied for the CERB and would have qualified based on their gross income are not required to repay the benefit, provided they also met all other eligibility criteria. Today, the Government of Canada announced further details on how this approach will be applied.
Filing Your Taxes Late aol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aol.com Daily Mail and Mail on Sunday newspapers.
What are the major changes being proposed to the NPS?
The story so far: Started as the New Pension Scheme for government employees in 2004 under a new regulator called the Pension Fund Regulatory and Development Authority (PFRDA), the National Pension System (NPS) has been open for individuals from all walks of life to participate and build a retirement nest-egg. Given the dominance of informal employment in India, the Employees’ Provident Fund Organisation, which is contingent on a formal employer-employee relationship, only covers a fraction of the workforce. The NPS has been gradually growing in size and now manages ₹5.78 lakh crore of savings and 4.24 crore accounts in multiple savings schemes. Of these, over 3.02 crore accounts are part of the Atal Pension Yojana (APY), a government-backed scheme for workers in the unorganised sector that assures a fixed pension payout after retirement. The rest constitute voluntary savings from private sector employees and self-employed i