About Coronavirus (COVID-19)
Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus. Most people infected with the COVID-19 virus will experience mild to moder ate respiratory illness and recover without requiring special treatment.
It’s caused by a virus called coronavirus. It was discovered in December 2019 in Wuhan, Hubei, China. Common signs of infection include respiratory symptoms, fever, cough, shortness of breath and breathing difficulties. In more severe cases, infection can cause pneumonia, severe acute respiratory syndrome, kidney failure and even death.
CEWS
The Canada Emergency Wage Subsidy (CEWS) program is offered until June 2021 to employers who have suffered losses due to the pandemic. Those who qualify for the CEWS program will get a percentage of their employees’ pay subsidized based on their revenue losses.
CERB
The Canada Emergency Response Benefit (CERB) offers financial assistance to employed and self-employed taxpayers who are badly affected by COVID-19. Those who are deemed eligible can get $500 per week over a four-week period.
CEBA
The Canada Emergency Business Account (CEBA) offers zero-interest loans (recently upgraded from $40,000 to $60,000 maximum) to small businesses and non-profit organizations. Deadline to apply has been extended to March 31, 2021.
COVID-19 Tax Resources
In response to the coronavirus pandemic, Canada has introduced several financial and tax measures. These include extending tax filing and payment deadlines, as well as extending financial support to individuals and businesses.
Some of the programs launched by the government include the Canada Emergency Wage Subsidy (CEWS), the Canada Emergency Response Benefit (CERB), the Canada Emergency Business Account (CEBA), Canada Emergency Rent Subsidy (CERS), and new programs introduced after the old ones ended, including the Canada Recovery Benefit (CRCB), Canada Recovery Sickness Benefit (CRSB), and the Canada Recovery Benefit (CRB).
For more information regarding COVID-19 health and safety guidelines, you can visit our COVID Resource page. Here you can find additional resources on how to protect yourself and your loved ones against the virus.
Despite the pandemic, you can still get tax accounting advice from Faris CPA by calling 1 844 340 5771 to schedule an assessment.
HOW CORONAVIRUS IS SPREAD
TRANSMISSION OF COVID-19
Because it’s a new illness, we do not know exactly how coronavirus spreads from person to
person. Similar viruses are spread in cough droplets.
Person-to-person spread as close contact with infected
The coronavirus is thought to spread mainly from person to person. This can happen between people who are in close
Touch in a contact with infected surfaces or objects
A person can get COVID-19 by touching a surface or object that has the virus on it and then touching their own mouth, nose,
Droplets that from infected person coughs or sneezes
The coronavirus is thought to spread mainly from person to person. This can happen between people who are in close
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Stay in the loop
Prevent the Spread Stay at Home, Stay Safe
Stay home if you’re sick – Stay home if you are sick, except to get medical care.
Cover your mouth and nose – with a tissue when you cough or sneeze (throw used tissues in the trash) or use the inside of your elbow.
Wear a facemask if you are sick – You should wear a facemask when you are around other people (e.g., sharing a room or vehicle) and before you enter a healthcare provider’s
Clean AND disinfect frequently touched surfaces daily – This includes phones, tables, light switches, doorknobs, countertops, handles, desks, toilets, faucets, and sinks.
Treatment for Coronavirus
To date, there is no vaccine and no specific antiviral medicine to prevent or treat COVID-2019. However, those affected should receive care to relieve symptoms and most patients recover thanks to supportive care
Stay at home and call your doctor: If you think you have been exposed to COVID-19 and develop a fever and any symptoms, such as cough or difficulty breathing, call your healthcare provider as soon as possible for medical advice.
