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Edmonton Business Consultant | Canada Emergency Wage Subsidy CEWS

All of the strong rhetoric has been based from the federal government on this, you know, the types of things up to 225% penalties and five years in jail. Yeah. Present time. Yeah. Has been thrown on the wage subsidy. Don’t, you know, don’t gain the weight subsidy and you just got to look at this from a pragmatic point of view. The wage subsidy, you know, could be, you know, $75,000 a month, easy, right. For someone with a payroll of a hundred grand a month. So, um, it has the most meat on it for a daughter to chew on. You know, if all you did was apply for $2,000 a Serb, um, you know, they’re not gonna, they’re not gonna send the dogs at you. I have to because it’s, it’s, uh, it’s, it’s, it’s not a lot going on there. So, uh, I think the way subsidy of all the programs, you better be very certain, uh, if you are eligible and don’t be gaming this program,

I can see you a whole lot with these two. Uh, I can be a, or I’m B cause it’s mad.

Hi. Thanks for tuning in for another episode of ask Sperl CPA today, we are going to talk about the Canada emergency wage subsidy. We’re going to call it cous cous cous, the Edmonton Business Consultant. We’re talking about Canada emergency wage subsidy got Trevor from inspired method, Trevor. Yeah. Are you enjoying our government heads adult series? Oh my gosh. It is it’s necessary because people need to try and understand what is happening with these government programs. Uh, the, the, the bad part of it is it’s not as easy to understand on your own. So it’s always good to have, uh, an expert CPA who can help you, uh, walk through that process, especially business owners and private individuals and learning what the repercussions of on each program is. So you understand it better and no going to drop. So this is a meaty one. I apologize in advance.

It’s a meaty one. The quote that I’m going to use today is for the wage subsidy, Jim Collins. Cool. You know, one of our favorite books, good to great. And he says, yes, compensation and incentives are important, but for very different reasons in good to great companies, the purpose of a compensation system should not be to get the right behaviors from the wrong people, but to get the right people on the bus in the first place and to keep them there. It must one of the things about this wage subsidy. So the statistic is 96% of all businesses fail. Now, running out of cash is number two on that and not finding the right team is number three, two of the top three reasons, right? And the wage subsidy, it has two purposes. So number one, it provides extra cash for some businesses right now that’s an absolute lifeline.

Okay. For other businesses, it’s an opportunity to get some of, some of the tax, the ridiculous, some of the tax that you paid back to the first place don’t feel bad about doing it. It’s, it’s your tax dollars, funding it back to you. So, um, and knowing that business has failed for only, you know, three main reasons of the time, it’s one of those three reasons. And one of those reasons is the inability to get and keep the right team. You know, so even if it doesn’t make sense on a spreadsheet in the short term to keep the people there, you know, maybe you want to do it anyways for strategically, especially if you can do it for 25 cents a dollar. So, so long as it’s not going to cripple you for cashflow, you know, it’s a, it’s a reasonable consideration. Should we do what we can do?

You don’t put as much money as we can in the employee’s pockets. So Trevor, what are the questions that Edmonton Business Consultant owners should be asking when it comes to this? Well, there’s a number of questions that people might have about this. And I think you’ve gone through, and you’ve been pretty exhaustive on the number of questions and the type of questions they should be asking. So, number one, which of the CE are B, C EBA or CIBA, C E w S or C E C R a have the most risk to the applicant. So we’ll go through them. The serve is the $2,000 a month, right? The Canadian emergency response benefit, the Seba is the $40,000 loan, 10,000 of which is forgivable the CDWs the Canada emergency wage subsidies. When we’re talking about here today, uh, you know, that that’s the, you know, number three and then the newest one, CEC our, a Canada emergency commercial rent assistance coming up announced conceptually, but no hard details.

I think the most risk, uh, if you are an applicant for one of these programs is regarding the wage subsidy. Yeah. All of the strong rhetoric has been based from the federal government on this, you know, the types of things up to 225% penalties and five years in jail. Yeah. Hasn’t time has been thrown on the wage subsidy. Don’t, you know, don’t gain the weight subsidy and you just gotta look at this from a pragmatic point of view. The weight subsidy, you know, could be, you know, $75,000 a month, easy, right. For someone with a payroll of a hundred grand a month. So, um, it, it has the most meat on it for a daughter to chew on. You know, if all you did was apply for $2,000 a serve, um, you know, they’re not gonna, they’re not gonna send the dogs at you. I have to because it’s, it’s, uh, it’s, it’s, it’s not a lot going on there.

So, uh, I, I think the way subsidy of all the programs, you better be very certain, uh, if you are eligible and don’t be gaming this program yeah. A hundred percent now, should people apply for the wage subsidy without professional assistance? I don’t think so. No, I don’t think so. Uh, we went through it and Trevor was there as a non CPA was there in our internal workshop yesterday. Uh, and there are a lot of avenues on this. You better have really good records to understand if you qualify, who should be used, who should not be used. So if there is any program, I mean the word of caution, the disclaimer, on this video, I’m gonna give you as much information as possible, but I think you’re kind of crazy if you’re doing the application on your own without professional assistance. Yeah. Get professional assistance or possibly jail.

Yes. Um, so is there one wage subsidy, 10% and one for 75% that’s right. Two separate ways. Subsidies one that you’ll qualify for up to 10% of the wages, uh, you know, a credit for 10% of the wages and another one that up to 75% of the wages. Okay. Now, do you need to calculate the 10% subsidy to apply for the 75% subsidy? Some people say, well, I, I qualify for the 75, so I’m just going to go with that one. And it’s easier. I don’t have to calculate it. But one of the questions in the 75% wage subsidy is how much do you qualify for the 10% wage subsidy? And then it’s automatically deducted from the 75%. So you can’t opt out just in simplicity. Did you get your 75% from one source? You have to get 10% from one source and the other 65% from the other source.

Um, so you, you, you know, you, you actually have to go through the, the method of calculating the benefit for the temporary percent weight shops, because it’s a, it’s a field on the form that you’re gonna have to use to apply for the 75%. So right there, most people would fail yes. At that spot right there. Um, now the next question, uh, as the 10% subsidy reduces remittances, does this provide more immediate relief? Yeah. So the 10% wage stuff, so you’re not waiting for it to fund. You just simply send in less payroll remittances than you would otherwise send in. So if you haven’t already, you can deducted off of future payroll remittances. So it’s like an immediate cash relief. You’re you’re just basically saying, do I self qualify? They’ve identified, there might be some paperwork in the future. I’m sure there will, especially on the tee for summary at the end of the year, uh, when you filed the [inaudible], but for right now, it’s just, do I qualify if so, send them less RP money.

So it’s, it’s, you know, effective, immediate cashflow, um, you know, it’s immediately helping your cashflow. Yeah. No waiting for something to come into your account. Yes. Um, so now can we be certain when the 75% wage subsidy will fund? No. I mean, they haven’t even really given a timeline and it really, the liberal government has shown, you know, very, you know, a loose attention to their own timelines anyways. Um, so, you know, we can’t be certain when this is going to fund, so, um, you know, we apply for it’s coming some point, I don’t know, in a day or in a year, I’m not sure, but it’s coming. Yeah. Well, um, Hey, that has, uh, other problems associated with it because the person has to pay those wages and hopes that they get to 75%. Yes. Right. Yeah. Um, so, uh, next question is, do businesses have to justify a 30% loss in revenue to qualify for the 10%?

The 10% subsidy is just thanks for still being in business. If you’re staying, if you’re paying people, you automatically qualify for the 10% wage subsidy, there’s no revenue qualification, a portion of that. If you’re a qualifying entity, you know, for the most part, the small businesses of this channel who are incorporated and have a regular payroll account and have been running it for, uh, you know, uh, since before March, like they’re, they’re good to go. The 10% wage subsidies just it’s there for them, no revenue qualification, you know, you could have, you could be doing more Edmonton Business Consultant this month. You still qualify. Okay. Well, that’s good news. Uh, next question is do, uh, sorry. Um, what are the 1,375 per employee and the 25,000 per employer limits for the 10%? So those are like the hard limit. So you can’t get more than 1375 back for one employee.

So you got someone on your payroll making 200,000 bucks a year. You, you can’t get a, you know, uh, you can’t get more than $1,375 back for that one person. You can’t get more than $25,000 back as an entity. Um, so those are just hard limits on the 10% wage subsidies. It’s not a huge program. I mean, it’s $25,000 at most. And you know, you have to have a wack of employees to get that so 18 or something, I think so. Okay. Now, uh, do most qualified for the 10%, uh, subsidy for wages paid March 18th to June 19th, 2020? Yeah. Very not, it’s not stringent. It’s not a revenue test. It’s pretty much, you know, if you had a payroll, uh, before all this went down and you’re paying out wages from March to March 18th, to June, 1920, 20, you know, 10% back up to the limits of 1375 per person and $25,000 per entity.

Okay. Now what percentages of revenue decline allow you to get 75% waste? So there’s two percentages. So you’ve gotta be down 15% in March and 30% in April in may to start looking at the 75% wage shops. So you gotta be done. The qualification is a little bit lower for March because the assumption was is that a lot of businesses didn’t really start to shut down until mid March. So they’re saying if you’re down 15% in March, you know, you can look at qualifying for the 75% and you gotta be down 30% in April in may. Okay. Now next question, Josh has, what are the available reference periods for demonstrating the loss of revenue? Will they change since my last video? So I don’t know if some of our clients must have pushed it out to some MPS and, uh, some of the, uh, some people in the liberal government, maybe they realized that there was ridiculous their last one.

So previously it was just month over month. So you had to compare March of 2020 to March, 2019. You had to compare April of 2020 to April of 2019 and may of 2022 may of 2019, which really excludes anybody. Who’s grown their Edmonton Business Consultant in that period of time. Right now they’ve given you an alternative. So you can still use that as originally planned, but you can also choose to use the average January and February. So think of a business going up and up and up since March of last year until January, they hit a level. And now you can use the average of January and February and compare the average January, February to March the average of January and February, 2020 to April, the average of January and February, 2020 to may of 2020. So once you lock into one of those you can’t choose to use year over year, one month, and the average January and February, you’re, once you’re locked into one stream, you’re locked into one stream.

So you got to pick which one makes sense. So if you qualify for one month, do you automatically qualify for the next month? Yes. So even if you were only down 15% in March, and let’s say you’re up in April, or you’re only down by 10% in April, you automatically qualify for April. So any month that you qualify, you automatically qualify for the next month. So it gives you a little bit of certainty in determining, you know, um, I guess, certainty in determining if you should have kept people out, even though the period’s almost done anyways. So, I mean, that was, uh, in spirit. It was good if it was released, you know, a month and a half ago, maybe, but, uh, now at this point, that, that was the idea is that you kind of have a little bit of lead up on knowing that your numbers trail a little bit.

Okay. Now why are March 15th, April 11th, May 9th and June six important dates for the 75% subsidy. So these are the payout dates. So the reference period is different than the actual payroll dates. Okay. So if you qualify in March, so either using the year over year or the average in January and February to March, it’s, it’s not the wages paid in March at 75%. It’s the wages paid from March 15th to April 11th, that are 75%. And if you qualify, so it’s staggered a little bit. So the month is here and it’s like half of those months wages and half of next month wages, right? And then similar, if you qualify in April. So if your April revenue is down 30% versus now the reference period year over year, the average January and February, then the wages that you pay out from April 12th to May 9th are reduced, right?

So remember the payout period is slightly after the reference period. So the reference period is the calendar month. And the payout period is kind of half a one half of that calendar month plus half of the next one, roughly. Right. But those dates are important. So March 15, this start date, April 11th was the next cutoff. May 9th is the next one in June six is the last one. Not confusing at all. Folks, not confusing at all. Okay. Next question. Do these dates line up with the first three periods of the serve program? Yes. So at least they thought of that because these programs intertwined. So they do line up. If you’re looking at the serve periods, you know, March 15th to April 11th, that’s the first period in the Serb. And then April 11th of May. Ninth is second period. And then, you know, May 10th to June 6th. This is the third period in sir.

Keep in mind, serve, goes to period. Four wage subsidy only has three periods, right? So four periods announced for serve. So far only three periods announced for wage shops. They put the first three periods lineup and both programs. We’ve got some consistency there. Okay. Uh, next question. If you get a 75% subsidy for someone, can they keep their Serb from that period? No. So they’ve said if you apply for the wage subsidy for an employee, that employee will be required to pay back their cert. And at some point it’s not even clear, maybe the employer would have to pay back the wage subsidy. I don’t think they’re going to administer it that way, but it’s pretty much a you, if you, as an employer apply for that wage subsidy for an employee and you get it, and then employee has also gotten Serb that employee might have to pay back there, sir, you can’t double dip.

Yeah. So that’s really, the onus is on the employee to be forthcoming with that information, if they’ve applied for serve. And then you’re also applying for that 75%. So, I mean, it’s, the onus is on them, I think to, to be a hundred percent certain that they’re not gonna screw you over. Um, so why is serve better for the employee? They’ll get less than $2,000 in the period we’ll serve by natures to grant. So if they’re going to get less than two grand on the wage subsidy, why is the weight subsidy beneficial for the employee? I mean, there’s a lot of people who are working part time hours, or the hourly rate is not that high we’re served was actually a raised for them. So in which case, applying for the wage subsidy for that person, you’re actually putting them in, in less of a, you know, an economic situation.

Right? So if your idea is to keep these people, maybe you should think twice about doing that. You, you can make the application without their permission, uh, but they’ll have to pay back that $2,000. So here you go, here’s your thousand dollar way subsidy. Oh, by the way, series is going to call you and ask for the $2,000 back, not a great situation to be in for the situation and the other, a bad situation that we haven’t really talked about. And it’s not the topic of this discussion is, um, a lot of people are being paid just to stay home. But that’s another story story after day, maybe it’s a little difficult to staff. These a really serious issue to we’re making light of the math because the math is silly, but the, the fact is not, I mean, they’re trying to staff these care home facilities when the people who are working in them are getting more to stay at home.

And there’s some people really suffering in these care facilities because you can’t get people to work. Well, guess what? They’re getting paid more to stay at home. Yeah. Okay. That’s our little political rant. Next question. Um, Kevin employee B without pay for 14 or more days in a period and qualify. No. So those periods, those ways, subsidy periods of 28 days in length, and they can’t be without pay for more than 14 days. So most people are there on a biweekly pay schedule. You can’t have skipped one biweekly check and did the next one, he gets 75% of the second biweekly paycheck in that period. I can get them theoretically. They had to have been on the payroll the whole time. So I think they’ve been getting their regular checks at their regular schedule dates. They can’t be without pay, uh, for 14 days or more.

Yeah. And that just makes sense because if there’s no, no pay going out, there’s no subsidy that’s required. Yeah. Right. It’s kind of wording the, the, the employers on, uh, applying for the people making less than $2,000, but not, it’s not concrete. Right. Because you could have just got two small checks in 14 days and theoretically the employer could still do it. And that wouldn’t be in the employee’s best interest, but, you know, uh, it is starting to get into that, that realm was at least giving some guidance on how to handle that issue. Yeah. Now, can you back pay an employee to qualify? Yes, you can. You can back pay them. So let’s say you brought them back on for the second half, knowing that this program was coming out, but you haven’t paid the, the first paycheck you could go back and back pay and that’s that’s okay.

Um, you can make that back payment. Yes. Okay. Now is the 75% subsidy limited to $847 per employee per week in all cases? Yes. So no matter how you’re punching that math, if you’re looking at those calculations, if you’re getting more than $847 per week per an employee, you’re doing it wrong. That is the limit. It’s 847 trusts that you can’t get more than 847 per week per employee. That’s the cap, no matter how you work those formulas. And it says so right on the application. Yes. Yeah. Okay. So the next question that we have here is, uh, sorry, there we go. Can the greater of 75% of actual wages or 75% of baseline remuneration be used. Yeah. So there’s like two formulas that are a little bit complex. You have to go through them, but it’s pretty much gonna work out that it’s either the greater 75% of what you’re actually paying them out in those Patriots.

So you’re paying them, you know, a, you’re paying them a hundred dollars and you’re getting back 75. Right. Um, or it’s 75% of their baseline wage, what they were making before. So it’s the greater of those two, generally, that that’s pretty much how this program works out when you try to really simplify those formulas. Okay. Um, but yesterday it was not very simple and we were going through it. I was just scratching my head going. Yes. Just get help. Just get somebody, which is why we hired you in the first place. Yes. Okay. Um, so the next question is, is, uh, baseline remuneration calculated by looking at wages from January 1st to March 15th. Yes. So if you’re having that baseline wage discussion, so remember it’s the greater of, you know, what you’re actually paying them during the wage subsidy period or what the baseline remuneration was.

And the baseline remuneration is, is, is calculated by looking at what happened from January 1st to March 15th for a particular employee. Um, and keeping in mind if they didn’t work for like seven continuous days, you’ve been back that period out. So you can reduce the number of weeks by it by that. Okay. Now, do you have to pay out a hundred percent of the wage subsidy? Yes. Do not try to claim the wage subsidy back and don’t pay employees like that is, um, that’s bad news. Yeah. That’s how you start looking at the, you know, uh, 225% penalty on the amount. And then the, and the jail time. That’s not what it’s for at all. Right. I mean, making a calculation error, it could be very costly taking the money and not paying it to people is very difficult to explain very difficult. Uh, I didn’t know.

Yeah. That’s not going to buy by any time here. Uh, so the next question is the employer required to top up the remaining 25%, no subsidies. No. If they’re just sitting at home and you’re looking at what they were making before the baseline, and you just pay out 75% of what they’re making for, you’re not required to, to top it up, they encourage you to make best efforts, right. And it’s going to be, might be difficult in some circumstances to actually get them, to show up, to work if you don’t want to pay them a hundred percent. Uh, but if, if, uh, you know, you just want to take advantage of the 75% to be a nice guy to your employees. You don’t want them to come in. You don’t, you’re not required to top up that other 25% if you can’t do it. Okay.

Now can 100% of employer CPP and EDI must be recovered for employees on leave. Yes. If they’re on leave. So if they’re the type of employee that you’re basically just paying them to stay home. So you’re getting the, you want this to be of no cost to you. You can get the 75% of what you were paying them before. Boom, maximum eight 47, and then the CPP, the employer, CPP, N E I, that would normally be on top of that. A hundred percent of that is covered. So, you know, they, that will incur an extra cost for you. Okay. So effectively you can pay 75% of wages at no cost to the employer. Yes. You could effectively, the math would work out that if all you’re doing is giving them 75% and they’re, they’re at home, they’re at home. It has to be on leave.

You don’t get the, the a hundred percent of the CPP in EDI, unless that employee’s on leave. So I would suggest it’s hard to get the employee to come in. There’s some, there’s some, uh, uh, labor standards issues. If you’re trying to get them to come in at 75% of their wages. Right. Um, so it’s, but if all you want to do is just pay him 75% of what you were paying the before to stay home, you could do that at no cost to the Edmonton Business Consultant. Okay. The next question is, how does this become complicated? If the employer does not have any cash? So technically speaking, you’re supposed to pave the wages out and then recover them later. So it’s of no cost to the employer, but it assumes they actually have 10,000, 50,000, a hundred thousand, 200,000 to run the payroll, send the funds and then wait for the CRA or, uh, mr.

Trudeau to take a sweet time to send you the money back. So it can get a little complicated, although it’s should be of no cost, it’s a significant cashflow burden. And it might be an absolute impossible situation for some businesses. And not to mention, they announced this program probably over a month ago. And now they finally the details. Yes. A long time. Yes. Because people are talking about this, right. When we first shut down this 75% wage subsidy, um, and now they’re finally come up with the rules, but what’s happened in the meantime. That’s, uh, that’s pretty crazy. Next question is, um, why are non arms length employees required to use baseline remuneration? So think non arms length employees, the owner, their family members, you know, the other shareholders, those are non arms length employees, and they don’t just want you to say Wala. I’ve never been an employee before.

Give me my 75% of my wages, right? So basically the non arms length employees, you have to consider the baseline remuneration. It can’t be more than 75% of what you were doing before. Um, you wear it, you know, the other, the arms length people, it’s the greater of what you’re actually paying him and what their baseline was, the arm, the non arms length employees. It’s basically, you’re, you’re forced back into if you, if you really dive through the math on that formula, you’re forced back into the baseline remuneration. OK. Uh, next question is, do a lot of nonarms employees declare salary only at year end. Yeah. So a lot of, you know, uh, Edmonton Business Consultant owners are taking shareholder, the loans out of the corporation, uh, solid tax planning, and then they’re waiting to year end to see what mixture of salary and dividends is going to be the cheapest for that.

And they declared at year end, and they’ve been doing that for a year, five years, 10 years. Right. Um, so, you know, you know, to say now that I was doing this regularly and I got salary from the bit from the period from January to March 15th might not be ideal. Yeah. Um, is the total per person benefit for the 12 weeks, approximately $10,000. Yeah. So let’s say they pay out 847 bucks for the 12 years that I think it’s $10,164 or something like that. Um, yeah, it’s, it’s roughly, it’s worth about $10,000 at the end of the day. That’s what the government is going to give you for 12 weeks. All right. Do owners need a T for have at least 23,000 from January one to June 6th to qualify? Yeah. So even if you’re going to go down this path as a business owner, you would need a T for at least 23,000, because you had to have had a payroll in the baseline period from January to March.

And then you have to have, you know, the other period from the period of the actual program, the 12 weeks of the actual program. So that T four for the owner has to be at least $23,000 at that point. So, um, you know, you, you, you, you, you better not just be filing a T four for the owner for the 10,000 bucks at the end, right. Or, or just for the baseline period. That’s not how it works. Then T four is going to be, no matter how you cut the math, that has to be at least 23,000. Yeah. And guys, don’t try and do this on your own and try and think you’re a fast one, get professional help from a CPA. Uh, next question, Josh is, will that salary trigger approximately for $2,300 in employer employees in PP? Yeah. So if you’re the business owner, this wasn’t a free program.

So you opt into this program, you’re also opting into CPP. You have to have triggered, you know, CPP, right. And I don’t think you’re going to make the argument that you were the employee on leave as the Edmonton Business Consultant owner, you’re going to get some of that covered. But even if you get some of that cover, you’re not getting the baseline period covered. So let’s say at $23,000, he T4, it’s going to cost you around 2300 bucks in CPP. So you have a cost of opening opting into this thing to try to get your 10,000 jar to get your 10,000. You’re probably at least paying 2300 bucks and CPP. Okay. Now taking into account, the CPP could cost the owner, potentially get more with SERP. Yeah. I mean, serve is four months at 2000 bucks a month, so that’s $8,000. So if we take the serve at $8,000, then we take the wage subsidy at 10 and we’re saying, Hey, you’re going to get 10, but I’m going to lose 2300 bucks.

The CBP. Now we’re 7,300 bucks. The server is actually bigger. So there’s some situations out there where even if you can navigate the complexities of it, you might’ve got more through serve as it, as a business owner. Now could the wage subsidy application potentially conflict with the CIBA application? Yeah. Like what if your, you know, a position for this application is that you do declare lump sum salary at the end of the year. And you’ve made that, that declaration of say $20,000 at the end of last year. Now all of a sudden, you’re trying to make the argument simultaneously that you are also on periodic payroll from January to March. Like it starts to get sticky, right. And your position start to conflict. Right. So I’m not sure the wage subsidy is a great solution for a lot of Edmonton Business Consultant owners. It’s not impossible. I mean, you can get it, but it’s, it’s not the silver bullet that you might be thinking is it might be a better solution for your arms, like the employees and proceed very cautiously for doing it for the employer or the non arms, like the person who actually owns the company and their family.

A lot of times serve might be quicker and easier and even pay out more. Yeah. And, you know, simpler program and probably more beneficial for a lot of the small businesses we’re talking about. Yes. Now, would you recommend owners retroactively change their remuneration strategy? I don’t think so. Like I wouldn’t be trying to gain this one to try to get the AA. The penalties are significant. Right. You know, other, and if you’re not making any money, I mean, the service just sitting there $2,000 a month anyways. Right. So if you’re not actually making a net, a net income, you know, what’s wrong with that, but I would really only be looking at if you were legitimately paying yourself a salary, uh, consistently as a Edmonton Business Consultant owner. If not, I think there’s a lot of hurdles and I wouldn’t be trying to do any retroactive tax planning to get to, I think it’s just too risky.

Yeah. And these programs are made as a stop gap to try and help businesses through this time. It’s not a moneymaking scenario for any Edmonton Business Consultant. Like you’re not going to get rich on any of these government programs, me one program where any person has benefited greatly from a government subsidy. It doesn’t exist. So guys be smart be wise, but what you’re doing and get help from a professional CPA likes Berlin associates, chartered professional accountants. Right on. Thanks very much guys. And do you know, we hope to talk to you again soon. We’ll probably have no, maybe we’ll do a little bit update on the serve program. We’re going to, uh, do another video on the CIBA program. Yeah. Once we see some more loan applications process and understand some more of the, the, you know, what goes right. What goes wrong? And then we’ve seen some fund already. And then, you know, the, the rent there, the rent subsidy, that’s going to be a big one. Know that there’s only high level details from the podium release. There’s no. Yeah. Technical specifications yet. So that’s, that’s forthcoming. So look forward to it. Thanks very much. Bye.