*COVID-19 & Your Biz*
The Mission Chamber Team will be working hard to update the section as often as possible to provide you a one-stop resource for information.
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The new Canada Emergency Rent Subsidy, which would provide simple and easy-to-access rent and mortgage support until June 2021 for qualifying organizations affected by COVID-19. The rent subsidy would be provided directly to tenants, while also providing support to property owners. The new rent subsidy would support businesses, charities, and non-profits that have suffered a revenue drop, by subsidizing a percentage of their expenses, on a sliding scale, up to a maximum of 65 percent of eligible expenses until December 19, 2020. Organizations would be able to make claims retroactively for the period that began September 27 and ends October 24, 2020.
|CEWS claims will be subject to verification by the CRA, therefore the CRA will begin to release funds for approved applications on May 5, to get ready:
2. Register for Direct Deposit for your payroll account (RP) – Employers who are not registered for direct deposit will receive their CEWS payment by cheque and additional time will be required for mail delivery.
3. Calculate your CEWS eligibility – The CEWS webpage includes a calculator function that guides employers through a step-by-step calculation of the CEWS and enables employers to determine the subsidy amount they can expect to claim based on the information that they enter into the calculator.
4. If you are expecting a payment of $25 million or more, you will have to get your payment through the large value transfer system (LVTS). To do this, you have to be enrolled in direct deposit on your payroll account and be registered for the LVTS. If you are not already set up for LVTS, begin the registration process.
The latest resources from CRA :
Canada Recovery Benefits
UPDATE replacing CERB
Employment Insurance (EI)
Employment Insurance (EI) has changed to support more Canadians through the pandemic.
Canada Recovery Benefit (CRB)
Income support if you are self-employed or are not eligible for Employment Insurance (EI).
Canada Recovery Caregiving Benefit (CRCB)
Income support if you must stop work to care for dependants due to closures, high risk and caregiver availability.
Canada Recovery Sickness Benefit (CRSB)
Up to two weeks of support if you are sick or must self-isolate due to COVID-19.
Canada Emergency Wage Subsidy (CEWS)
A wage subsidy for Canadian employers to re-hire workers previously laid off as a result of COVID-19.
Canada Emergency Response Benefit (CERB) Ended
The CERB has ended. Apply retroactively for the final period (August 30 to Sept 26, 2020) through the CRA.
COVID-19 Economic Response Plan
All financial support and services for individuals, businesses, and industries affected by the COVID-19 outbreak.
Business Development Bank of Canada (BDC) has resources available including:
- Small Business Loan: Up to $100,000 can be obtained online in as little 48 hours from time of approval.
- Working capital loan: Get extra funds to bridge cash flow gaps and support everyday operation
- Purchase Order Financing: Increase your cash flow to fulfill domestic or international orders with very flexible terms.
- BDC’s Advisory Services experts are offering tools and support to review your financial management and operations.
Community Futures, North Fraser - COVID-19 Emergency Loan Program
Community Futures, North Fraser is covering a repayable loan with relaxed terms and interest rates. For more details CLICK HERE
Canadian Mortgage and Housing Corporation COVID
- CMHC is working to address mortgage payment difficulties. They’ve said on Twitter that they are collaborating with lenders to allow payment deferral of up to six months.
Export Development Canada
- Export Development Canada (EDC). In partnership with the federal government and Canadian banks, EDC will ensure customers impacted by COVID-19 have access to credit.
Canada Emergency Business Account (CEBA)
Through the federal government, CEBA will provide up to $25 billion to eligible financial institutions so they can provide interest-free loans up to $40,000 for 1 year to small businesses and not-for-profits.
- To qualify, these organizations will need to demonstrate they paid between $50,000 to $1 million in total payroll in 2019.
- Repaying the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 25 percent (up to $10,000)
Small and Medium-sized Enterprise Loan Guarantee Program
The new Small and Medium-sized Loan and Guarantee program will enable up to $40 billion in lending, supported through Export Development Canada and Business Development Bank of Canada, for guaranteed loans.
- This is intended for small and medium-sized companies that require greater help to meet their operational cash flow requirements and will be accessed through eligible financial organizations.
- The new operating credit and cash flow term loans will be extended by financial institutions and can provide an SME up to $6.25 million
Farm Credit Canada
FCC lending capacity has been increased by $5B to alleviate industry financial pressure. FCC provides loans and services for primary producers, food operations and agribusinesses.
- FCCis prepared to assist - speak to your local FCC contact through their Customer Service Centre at 1-888-332-3301 or visit their online service portal to work with FCC.
Regional Development Agencies – Western Economic Diversification Canada
If you are a tourism operator or small- or medium-sized business or organization impacted by the sudden shifts in the economy and need pressing assistance, the RDAs could assist you with:
- Access to federal funding to help you stay in business.
- Advice and pathfinding services to other federal programs and services available.
If you are a tourism operator or small- or medium-sized business or organization and have received RDA funding and COVID-19 is affecting your operations:
- You may be eligible to receive additional funding and/or flexible arrangements.
- Further support will be determined on a case-by-case basis as the situation evolves.
The best way to contact the Western Economic Diversification Canada for support is to call them at: 1-888-338-WEST (9378)
🍽 Restaurant Sector
The Province is extending temporary measures to support the restaurant and hospitality sector.
The extensions allow for expanded service areas, such as patios, and for the sale and delivery of unopened liquor products with the purchase of a meal by food- and-liquor-primary licensees.
In May 2020, the Liquor and Cannabis Regulation Branch (LCRB) began permitting food-primary, liquor-primary and manufacturer licensees, such as wineries, breweries and distilleries, to apply for a Temporary Expanded Service Area (TESA) authorization through an expedited, no fee, online process.
All TESA authorizations were originally set to expire on Oct. 31, 2020. However, the Province has made amendments allowing for their extension to Oct. 31, 2021.
🧸 Child care sector
Emergency funding is available for child care
providers that stay open and that close. Learn more.
🎭 Arts & Culture sector
$3-million Arts and Culture Resilience Supplement
to give operating and eligible project clients a
supplement of up to $15,000. Clients will receive a
50% advance on 2020-21 funding. Via BC Arts Council.
📰 Publishing and news sectors
Simplified process for Canada Book Fund and
Canada Periodical Fund. Journalism Tax Measures.
🎥 Broadcasting sector
CRTC Part I licence fees waived.
🏞 Tourism Businesses
Rent Relief Coming for Outdoor Adventure Operators
The B.C. government is stepping up to help eligible outdoor adventure businesses, fishing and hunting lodges, guest ranches, ecotourism lodges, seasonal campgrounds and other commercial recreation operators during the COVID-19 pandemic.
Holders of Land Act tenures and Park Act permits that are commercial recreation operators may qualify to have the annual base rent they pay to the government waived for one year. About $1.36 million has been earmarked for rent forgiveness, which benefits 592 Land Act tenure holders and 443 Park Act permit holders.
🐚 Seafood sector
Seafood growers, shellfish farmers, and processors,
will have access to the $5 billion Farm Credit
Canada loan program. 🍁Via FCC.
🚜 Farmers and Agri-Food sector
Access to the $5 billion Farm Credit Canada loan
program. Via FCC.
Updated May 12 - The Buy BC Partnership Program provides cost-shared funding and a recognizable Buy BC logo to help B.C.’s agrifood and seafood sector market their products and increase sales within B.C.
Buy BC Partnership Program
Airports Rents paid on ground leases waived.
NEW April 15- Rogers Sports & Media
Rogers wants to help support your business during this unprecedented time. With so many people safely staying home, watching, listening and searching for updates, we wanted to help make businesses even more accessible.
Rogers has created an Operation Support Local campaign. Businesses can submit or find a local business to support using the links below.
We will be sharing this growing local list daily on-air and online on STAR 98.3 and on COUNTRY 107.1 – As we do our part to help our valley community.
Fill out the form on our sites go to OPERATION SUPPORT LOCAL or click the link below
STAR 98.3 - https://www.starfm.com/supportlocal/
COUNTRY 107.1 - https://www.country1071.com/supportlocal/
The COVID-19 Customer Assistance Program provides customers the option to defer bill payments or arrange for flexible payment plans with no penalty. Customers are encouraged to call BC Hydro's customer team at 1 800 BCHYDRO (1 800 224 9376) to discuss bill payment options.
FortisBC will be waiving late payment fees and ensuring no customer is disconnected from the energy they need for financial reasons. They will also be available to help their customers with flexible payment options. To learn more about what FortisBC is doing visit their COVID-19 page or call Fortis at 1-866-436-7847 for electricity and 1-888-224-2710 for natural gas.
Vancity Credit Union
Vancity Credit Union is helping its customers through this difficult time by offering to:
- Provide emergency working capital
- Buy back foreign currency at the same rate it was sold (for customers impacted by travel disruption)
- Waiving INTERAC e-Transfer and ATM fees until April 30th
Learn more about what they are doing on their website here.
Hootsuite is offering free access (until July 1st, 2020) to their Professional Plan to help small businesses and non-profits stay connected to their customers and audiences. To learn more or signup visit their website here.
The company has created a support package to promote "contactless" delivery from local restaurants, which includes waiving delivery fees, and a daily payout option to assist restaurants with cash flow.
For information on other supports please visit the Government of Canada website.
Other resources that are being built are but not limited to: support for women’s shelters and sexual assault centres including on reserve, support for people experiencing homelessness (through Reaching Home), Canada Student Loan payments, support for Indigenous Communities, and Lower Registered Retirement Income Fund Minimum Withdrawal Amounts.
BC Increased Employment Incentive
As part of B.C.’s Economic Recovery Plan, the B.C. Increased Employment Incentive is a refundable tax credit for employers which encourages the creation of new jobs for B.C. workers or increases in payroll for existing low- or medium-income employees.
The tax credit is calculated at 15% of the amount that the employer’s qualifying B.C. remuneration exceeds the employer’s base B.C. remuneration.
Provincial Support for Workers
*Aid was announced March 23rd, 2020. Details for how to access services will be provided once they become available*
OPEN NOW This is a 1-time $1000 tax-free payment for any British Columbian whose income is impacted by COVID-19. Eligible individuals include those that receive federal EI or the new federal Emergency Care
Apply for the benefit
Boosting the Climate Action Tax Credit
Eligible families of four will receive up to $564 and eligible individuals will receive up to $218 in an enhanced payment. This will help complement federal income supports for those struggling with job loss reduced income or increased costs.
Support for Renters and Homeowners
The provincial government, working with banks and credit unions, will ensure mortgage deferral options are available as well as enhanced support for rentals via Shelter Aid For Elderly Renters (SAFER) and Rental Assistance Program (RAP).
Additional Provincial Measures
- Deferral of student loans for 6 months
- ICBC & BC Hydro will provide deferral options and crisis assistance funding available for impacted individuals
Several measures are being taken by Employment and Social Development Canada:(ESDC) to assist employees who have been laid off or are unable to work due to quarantine. These measures include, waiving the one-week waiting period for and priority application processing for related claims. To learn more go to EI sickness benefits.
- If you think you are eligible, visit the EI sickness benefits page to apply.
Emergency Care Benefit (Expected in April, Requires Royal Assent)
The Emergency Care Benefit will be providing up to $900 bi-weekly, for up to 15 weeks. This flat-payment Benefit would be administered through the Canada Revenue Agency (CRA) and provide income support to:
- Workers, including the self-employed, who are quarantined or sick with COVID-19 but do not qualify for EI sickness benefits
- Workers, including the self-employed, who are taking care of a family member who is sick with COVID-19, such as an elderly parent, but do not qualify for EI sickness benefits
- Parents with children who require care or supervision due to school closures, and are unable to earn employment income, irrespective of whether they qualify for EI or not.
Application for the Benefit will be available in April 2020 and require Canadians to attest that they meet the eligibility requirements. There will be three channels to apply for the Benefit:
- By accessing it on their CRA MyAccount secure portal;
- By accessing it from their secure My Service Canada Account; or
- By calling a toll-free number equipped with an automated application process (this number should be available closer to the rollout of this program).
Enhanced Canada Child Benefit (Available early May, requires Royal Assent)
For those that are eligible for the Child Tax benefit, there will be an additional $300 per child available on top of what is already received.
GST Credit (Available early May, requires Royal Assent)
For individuals that are eligible for GST Credits The credits available will be increased up to $400 for single adults and $600 for couples (more details will be available closer to the rollout date).
Tax Filing Relief
In order to provide greater flexibility to Canadians who may be experiencing hardships during the COVID-19 outbreak, the Canada Revenue Agency will defer the filing due date for the 2019 tax returns of individuals, including certain trusts.
- For individuals, the return filing due date will be deferred until June 1, 2020. However, the Agency encourages individuals who expect to receive benefits under the GSTC or the Canada Child Benefit not to delay the filing of their return to ensure their entitlements for the 2020-21 benefit year are properly determined.
BC PST Rebate on Select Machinery and Equipment
A temporary provincial sales tax (PST) program where corporations may apply to receive an amount equal to the PST they paid between September 17, 2020 and March 31, 2022 on qualifying machinery and equipment. Updated October 7, 2021
Work Sharing Program
Work-Sharing (WS) is a program that helps employers and employees avoid layoffs when there is a temporary decrease in business activity beyond the control of the employer. The program provides Employment Insurance (EI) benefits to eligible employees who agree to reduce their normal working hours and share the available work while their employer recovers. Work-Sharing is an agreement between employers, employees and the Government of Canada.
Access the Work-Sharing page to learn more about the program and its requirements.
To support businesses and help prevent layoffs, the government is proposing to provide eligible small employers a temporary wage subsidy for a period of three months. The subsidy will be equal to 10% of remuneration paid during that period, up to a maximum subsidy of $1,375 per employee and $25,000 per employer.
- Businesses will be able to benefit immediately from this support by reducing their remittances of income tax withheld on their employees’ remuneration. Employers benefiting from this measure will include corporations eligible for the small business deduction, as well as non-profit organizations and charities.
- To review how the federal government support plan for Canadians and for further details on wage subsidies and emergency support for employees, please click here.
WorkSafe BC COVID-19 Resource Page
At WorkSafeBC, we are actively monitoring and adjusting to the COVID-19 situation to determine how we can best support workers, providers, and employers around the province, while ensuring the health and safety needs of our own employees. We continue to follow guidance from public health officials. WorksafeBC Website
The Federal Government has created a COVID-19 resource page for Canadian businesses
- Download Canada Business App to access small business loans, working capital loans, purchase order financing, COVID-19 guidance and more
Centre for Disease Control Information & Guides
A list of resources, guides, and videos to assist small businesses "Plan, Prepare, and Respond" Link to the CDC Website
Services Canada Brochures
Community Outreach Liaison Services (COLS) team as attached;
• Applying for Employment Insurance (EI)
• Work-Sharing program
• Employment Insurance (COVID related) sickness benefits.
Small Business BC/Business Continuity & COVID-19 Check List
Small Business BC - Our collective organizations encourage and support B.C. entrepreneurs with business continuity planning as they start and grow their business. Business continuity is especially relevant as small businesses consider the possible impacts of the COVID-19 outbreak on their employees and operations. DOWNLOAD CHECKLIST HERE
Crime Stoppers - Business Property Protection
A note to all Lower Mainland, Sunshine Coast and Fraser Valley business owners and groups:
With so many local businesses locking their doors pending the outcome of the COVID-19 outbreak, Metro Vancouver Crime Stoppers has created a checklist to help business owners do everything they can to protect their property. Business property protection during COVID-19 closures (March 2020)
And please encourage anyone with information on break-ins or other crimes during these closures to call your local police – or send an anonymous tip to us at Crime Stoppers at 1-800-222-TIPS
BC Construction Safety Alliance
The BCCSA has compiled a great list of resources here.
Safety Alliance BC
Do you have the required safety controls in place to demonstrate you are ready to safely reopen, restart – or continue production?
Find out – and get free, confidential safety advice to protect your people and your business.