contrast law
Estate Planning
Alex Bainov

Digital Assets Security

  Pandemic time is a perfect opportunity for fraud I have seen a significant increase in my e-mail inboxes with requests to verify my banking information, my employer (whoever that might be in my solo person business) needing to verify my login credentials or to confirm that I can log in remotely, or asking if I can help on a very urgent transaction (although an easy one). This increase in the phishing-type e-mails made think not only that we need to be as vigilant as ever regarding potential fraud, but also regarding the importance of ensuring that your digital life

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Business
Alex Bainov

Canada Emergency Business Account (CEBA) due to COVID-19

Canada Emergency Business Accounts On March 27, 2020 the Government announced (along with other announcements) that the business will have access to the Canada Emergency Business Account (CEBA) through the financial institutions.  Basics of CEBA $40,000 government guaranteed loan to help eligible businesses pay for operating expenses, payroll and other expenses CEBA will be funded a revolving line of credit for $40,000 until December 31, 2020 After December 31, 2020, any outstanding balance will be converted into a non-revolving 5 year term loan WITHOUT INTEREST until January 1, 2023 (see notes on interest below) The term loan will mature on

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Business
Alex Bainov

Extensions by Corporations Canada for annual filings

Annual Requirement Every corporation is required to file an annual return with its governing body to remain active and in compliance with the governing legislation. For Federal corporations, this is done through Corporations Canada. Such filings ensure that there is transparency and the public records are up-to-date for the public and stakeholders involved. Your corporate annual return must be filed within 60 days of the anniversary date of the corporation. COVID-19 fallout Every business in Canada is struggling to figure out how it will continue to operate and also comply with the various requirements and obligations that the business still may

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