At Singleton Reynolds, our people are what makes us great. We come together every day with the common goal of providing exceptional legal services and ensuring we go above and beyond for each and every client.
The range of backgrounds of the partners, counsel, associates and staff of Singleton Reynolds enables us to offer a broad range of services.
Singleton Reynolds’ lawyers spend a significant amount of time researching and thinking about how industry or legislative changes could affect your business.
Singleton Urquhart Reynolds Vogel LLP is recognized as a leader in construction and infrastructure, insurance, commercial litigation, real estate and business law.
Singleton Reynolds has offices to serve you in Vancouver and Toronto.
Singleton Reynolds believes in community. Our team members are teaching at Canadian universities and abroad, lecturing the next generation of lawyers.
How was Singleton Reynolds first established? Find out more here.
Recognizing the leadership that contributes to the company successes.
Singleton Reynolds prides itself in being a leader in corporate social responsibility. We encourage diversity, charity, mentorship, civic dedication and neighbourhood support.
Singleton Reynolds strives to understand the balance between your career and your personal goals and encourages our legal and operations staff in the pursuit of their interests outside of the firm.
We are always on the lookout for talented professionals to contribute to our team. Singleton Reynolds offers a professional and challenging work environment, with a competitive compensation and benefits package.
Our goal is to develop strong lawyers from student right through to partner. Mentoring and training start when you are a student and continue throughout your practice.
The Prime Minister has confirmed that while discussions are being held at all levels of government regarding the eventual “re-opening” of the economy, our physically distanced reality will not be coming to an end within the coming weeks.
To ensure as many Canadians as possible are assisted through this crisis the Federal Government will provide additional assistance to individuals and businesses who are struggling as a consequence of COVID-19. The government has now announced a number of amendments to existing programs such as the CERB, as well as a slate of new relief programs for affected individuals and businesses.
Help for Businesses
Changes to the Canada Emergency Business Account
The Canada Emergency Business Account (CEBA) provides $40,000 in interest-free financing to eligible small and medium sized businesses who find themselves with a cash flow shortage during the ongoing economic downturn. Further, repayment of 75% of a CEBA loan by December 31, 2022 will result in the forgiveness of the final 25%. See our previous article for more information on the CEBA.
The CEBA has been widely accessed by small and medium enterprises since its was introduced in March 2020. However, today, the Prime Minister announced that the eligibility criteria for the CEBA is being relaxed to allow more businesses to access the program. The threshold for accessing the loans has been both decreased ( the business’ 2019 payroll requirement as been decreased from f $50,000 to $20,000) and increased (the benefit is now available to businesses with payroll of up to $1.5 million).
A business may qualify for CEBA financing if:
The Federal Government advises businesses that are interested in applying for CEBA financing to contact their existing financial institution to assess their eligibility and financial needs.
Commercial Rent Assistance
The Prime Minister also announced that the Federal Government would be working with the provinces to establish a commercial rent assistance framework for small and medium sized businesses. The program would assist businesses in meeting their rental obligations for the months of April, May and June 2020.
Details of this program are still sparse, but we expect to be updated soon and anticipate that Partner, Claire Immega, will be monitoring the development of the Commercial Rent Assistance Program in order to provide you and your business with up-to-date insight on this program and how it may be of assistance to you.
Assistance for individuals
Changes to the Canada Emergency Response Benefit (CERB)
The Prime Minister announced that the CERB was being expanded to reach those who were previously ineligible for the program. For more information regarding the eligibility requirements for the CERB, please see our previous article. Moving forward, the CERB will be also be available to those Canadian workers who:
Temporary wage top-up for essential workers.
Finally, in response to the incredible strain that COVID-19 has imposed on essential workers and services, the Prime Minister also announced that the Federal, Provincial and Territorial Governments are working together to establish a temporary salary top-up program for low-income essential workers. Presumably, this assistance program will be available to employees of hospitals, long-term care facilities, grocery stores, food production facilities, gas stations, and other essential service providers.
The salary top-up will be available to those workers who have been deemed “essential” in their province of residence and who earn less than $2,500 per month, on a full-time basis.
Details regarding the eligibility criteria and application process have yet to be released.
We will continue to monitor the developments of the Federal and Provincial relief programs to ensure that you and your business have the information you need to take advantage of the assistance and financing that is available during this uncertain period.
For more information, please contact:
Our Commercial Real Estate Group has experience in all aspects of the law and practice related to commercial property acquisitions, management, structuring, development and sales.
Articles | Apr 20, 2020
Articles | Oct 22, 2019
Firm News | Jun 4, 2019
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