The Wage Earner Protection Program (WEPP) is a federal program administered by Service Canada with the aim of assisting workers whose employer is bankrupt or subject to receivership.
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Canadian Business Landscape: A Snapshot of Q4 2023
In the fourth quarter of 2023, Canada’s real gross domestic product (GDP) remained relatively stable for the second consecutive month in August. Despite this, inflationary pressures persisted, registering a 3.1% year-over-year increase in October. Employment exhibited minimal change, but the unemployment rate rose to 5.7%, marking the fourth increase in six months.
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CEBA Repayment: What Are My Options?
In response to the 2020 pandemic, the Canadian government set up the Canadian Emergency Business Account (CEBA) as a financial lifeline for businesses struggling with the crisis. Over 900,000 Canadian companies benefited from this interest-free support.
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