WebJul 22, 2024 · Under the RRRF, eligible businesses can receive a conditionally repayable contribution up to $40,000. The contribution amount will be the lesser of the applicant's estimated total operating balance between April 1, 2024, and September 30, 2024 or $40,000. Repayment Terms The following repayment terms will apply: WebGeneral Details of the RRRF Expansion Loan Loan Limits: Subject to each of the following provisions, the aggregate amount of RRRF Loans to an SME shall normally not exceed …
GIFI codes for Government Emergency Loans and Subsidies? - QB Community
WebThis program provides emergency assistance for eligible restaurants, bars, and other qualifying businesses impacted by COVID-19. WebFunding received through the RRRF cannot be used to pay down higher interest loans such as HASCAP or BCAP. If you have received a Canada Emergency Business Account (CEBA) loan, the CEBA loan amount will be deducted from the RRRF loan and you will not be eligible to have any portion of the RRRF loan forgiven. Date modified: 2024-10-22 mixing with logic stock plugins
FedDev Ontario – Regional Relief and Recovery Fund (RRRF) (2024)
WebMar 1, 2024 · The loans offered will be conditionally non-repayable, as outlined below: For loans issued totaling $40,000 or less: 25 percent of the loan (not to exceed $10,000) can be forgiven provided the recipient has paid 75 percent of the original loan amount prior to December 31, 2024. WebMar 1, 2024 · To book a phone consultation, email [email protected]. The Regional Relief and Recovery Fund (RRRF) provides financial contributions (interest-free loans) to help support fixed operating costs of SMEs, where business revenues have been affected by the COVID-19 pandemic. The Fund, valued at more than $962 million nationally, is … WebDec 2, 2024 · Crowe MacKay's trusted advisors share an update on the CEBA and RRRF loan repayment deadline extension as well as which programs should be reported on your income tax return. ... Loans that are still outstanding after the repayment deadline will be converted to two-year term loans with an annual interest rate of 5% commencing on January 1, 2024 ... mixing with jets in cross-flow