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Unlike most bank loans to small businesses, government loans may be unsecured. Loan guarantees – Under the Canadian Small Business Financing Act, [1] the federal government may guarantee a financial institution's loan to a small business, to a maximum of 85 percent. If the borrower defaults on a loan, the bank is protected, and therefore more ...
The Government of Canada gave a special one-time, tax-free non-reportable payment of $600 for people with disabilities on October 30. The money would be available for those who already possessed a valid Disability Tax Credit certificate, those receiving Canada Pension Disability or Quebec Disability Pension benefits, or those receiving ...
goeasy Ltd. is a Canadian alternative financial services company based in Mississauga, Ontario.It operates with three business units – easyfinancial, which offers loans to non-prime borrowers; easyhome, which sells furniture and other durable goods on a lease-to-own basis; and LendCare, a provider of point-of-sale consumer financing.
Students may also be eligible for government loans that are interest free while in school on top of this line of credit, as private loans do not count against government loans/grants. [ 4 ] The March 2011 federal budget announced a Canada Student Loan forgiveness programme for medical and nursing students to complement other health human ...
Personal loans’ tax deductions depend on how you use the money. You cannot deduct payments from your annual income for tax purposes when personal loans are used for personal needs, such as: ...
For these credits, you have until Nov. 17, 2022, to use the government’s Free File platform at IRS.gov/freefile, which lets people whose yearly incomes are $73,000 or less file a return online ...