Connect with us

Workers

Feds to create EI for gig workers, extend rent relief for biz

Published

on

Speaking this morning, Trudeau says many people who don’t qualify for the program, such as gig or contract workers, will gain access to a transitional, parallel benefit that is similar to EI.

It will also include access to training, and the ability to work more hours without having as steep a clawback in benefit payments, Trudeau says.

He says more details will be unveiled at a later date.

The most recent figures on the CERB show that as of July 26, the government had paid out $62.75 billion in benefits to 8.46 million unique applicants since its launch.

The government also announced on Friday that the Canada Emergency Commercial Rent Assistance program has been extended once again, and will now cover a portion of August’s rent for businesses that qualify.

To get the rent assistance, businesses will not have to prove a 70% decline in sales for July or August, but will have to show a 70% revenue shortfall that qualified them for CECRA in April, May and June.

The program’s low adoption rate was previously criticized by the Canadian Federation of Independent Business, which cited the onus on landlords and stringent requirements.

But on Friday, the government said that thousands of new applications are being regularly submitted, “demonstrating a strong interest in CECRA from property owners and small business tenants.”

About $613 million has been paid out to 63,000 tenants as of Thursday, the government said.

Also read:

Canada Emergency Response Benefit could result in taxes owing

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Workers

ATO is watching gig economy workers, taxpayers paid in cash

Published

on

By

If you get paid in cash, the ATO is keeping a close eye on you this tax season. (Source: Getty)

If you get paid in cash, the ATO is keeping a close eye on you this tax season. (Source: Getty)

If you earn income through cold, hard cash, be warned: the Australian Taxation Office is keeping a close eye on you, a major accounting association has warned.

Gig economy workers and taxpayers who make money through the ‘cash economy’ must be careful to declare all their income this tax time, said CPA Australia senior manager of tax policy Elinor Kasapidis.

“It’s legal to receive payments in cash rather than electronically but you must report these amounts in your tax return,” she said.

“If you drive people around, do odd jobs or free-lance work, rent out your car or storage space, run social media accounts or sell products, you need to declare this income in your tax return.”

This will also include anyone who makes money from bartering or sharing, Kasapidis added.

“The ATO is aware of these ‘side hustles’ and matches data from platforms like Uber, Airbnb and AirTasker against individuals’ tax returns. This means the jig is up on the gig economy this tax time.”

CPA Australia’s warning comes after a similar warning from tax expert Adrian Raftery last month, who said nine types of taxpayers were on the ATO’s ‘hit list’ this year, including gig economy workers.

“If you advertise on the internet and customers [or] guests are paying electronically then expect the ATO to find out about it,” Raftery said.

Efforts to evade the ATO’s radar will “end in tears”, he added.

“You may think that the income is so little that the ATO won’t bother, but the cash economy is huge and is a perennial favourite on the taxman’s hit list.”

If you receive any income from these platforms, ignorance won’t be a good excuse with the taxman, said Raftery.

However, Kasapidis did note that small items, like selling some pre-loved items on eBay, won’t land you in hot water with the ATO – you just can’t claim a deduction from them.

“Don’t worry, the hundred bucks you earned from selling your designer handbag or off-loading your ‘barely used’ bike on eBay doesn’t need to be reported.”

Follow Yahoo Finance on Facebook, LinkedIn, Instagram and Twitter, and subscribe to the free Fully Briefed daily newsletter.



Source link

Continue Reading

Workers

Can Do: Where The Gig Economy Meets Venture Capital

Published

on

By

Being your own boss can be rewarding, and it can be hard. Daily unpredictability confronts many of the 60 million Americans employed in the gig economy. When, where, and which job should they work on any given day of the week? How much money are they earning across multiple gigs? Information and data is sparse for workers — and not being about to count on a predictable pay rate makes it nearly impossible to plan out professional life.

It turns out there’s an app for that. Solo is a platform that supports gig workers by answering questions like: what’s the peak pay rate in your town? What jobs do you qualify for? As an independent worker, what do you need to know about taxes, insurance and benefits?

Start-up technology ventures like Solo rely on venture capital to turn their vision into a viable operating company. One such early-stage investment company is Fuse, a Seattle-based VC firm with a team of tech-savvy veterans.

Joining us today on Can Do to discuss their companies, and the meeting points of the operating world and the funding world, are: 

Bryce Bennett, CEO and co-founder of Solo. Bryce is an entrepreneur who previously held senior positions in Convoy, Inc and Uber.

Kellan Carter, founding partner at Fuse. Kellan, a University of Montana business school graduate, has spent the past decade investing in and backing founders in the software industry.

Source link

Continue Reading

Workers

ABN Amro builds payment service for gig economy workers

Published

on

By


ABN Amro has developed a tool that allows flexible workers to have their earnings paid out themselves, quickly and easily.

As the gig economy grows, there are an increasing number of flexible workers using digital platforms to find jobs on an hourly basis.

But it can take weeks after completing a shift for these gig workers to receive their pay. ABN Amro’s answer is an instant payment service that helps people decide themselves when their invoice is paid once the work is done.

This shortens the time between when the work is delivered and payment from a number of weeks to one second.

AN Amro began piloting the service in the Netherlands with babysitting platform Charly Cares late last year and is now teaming up with Packaly, an on-demand parcel delivery service. A third pilot with temporary workers will start soon.

Source link

Continue Reading

Trending

Copyright © 2019 Gigger.news.