COVID-19 Information & Resources

The list of essential workplaces has been updated by the Ontario government and will take effect at 11:59pm on April 4. 

– List of essential workplaces, Province of Ontario

Active & Announced Government Programs and Resources

Note: Many of these programs are awaiting approvals at different levels of government. We will be updating our website accordingly.

UPDATED: APRIL 17, 2020 11:30am

UPDATED 2020/04/13 The Canadian Emergency Wage Subsidy – Temporary 75% wage subsidy.

Government Backgrounder

A subsidy equal to 75% of employee remuneration paid for businesses with any number of employees that can demonstrate that their business revenues have decreased by at least 30% due to COVID-19 as compared to the prior year or compared to January and February and 15% for the month of March 2020. These subsidies will be retroactive to Saturday, March 15, 2020, and will cover up to 75% on the first $58,700 that employees earn, – $847 per week. Employers are encouraged to cover the additional 25% of employees salaries if they are able. Applications for the Canadian Emergency Wage Subsidy will be available through the Canada Revenue Agency My Business Account. This benefit received Royal Asset on April 11, 2020

Note 1: Employees who receive the Canadian Emergency Wage Subsidy (CEWS) – 75% temporary wage subsidy will not qualify to receive the Canadain Emergency Response Benefit (CERB).

Note 2: It has been clarified that Bars, Restaurants, Charities, not for profits, and non-publically funded businesses will qualify for the Canadian Emergency Wage Subsidy

Note 3: Seasonal Businesses will be required to show that they experienced a 30% reduction of their revenue in March, April or May, when compared to the same month in 2019.

Note 4: Funds will be transferred by the CRA directly to retailer’s bank account to fund payroll; however this may take time to occur, so businesses may need to contact their financial institution to bridge-finance payroll until the funding is received ***

Note 5: The system does not require employers to pay the additional 25% of employees wages if they are unable, but are strongly encouraged to and will be required to attest that they have made their best efforts to do so ***

Note 6: The wage subsidy will be treated as revenue to businesses and as taxable income to employees. ***

Primary Source:

Helpful Secondary Source:

Status: Coming Soon

Provided by: Canada Revenue Agency

Beneficial to: Businesses

UPDATED 16/04/2020

Canada Emergency Business Account: loans of $40,000 guaranteed by the government for qualifying small businesses and not-for-profits to help cover their operating costs. These loans will be interest-free for the first year and will be offered through qualified major Canadian Banks. Businesses that repay the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 25 percent (up to $10,000).

To qualify for the Canadian Emergency Business Account, businesses and not-for-profits will need to demonstrate that they have paid between $20,000 to $1.5 million in total payroll in 2019.

Small businesses and not-for-profits should contact their financial institution to apply for these loans.

More information to follow

https://www.canada.ca/en/department-finance/news/2020/03/additional-support-for-canadian-businesses-from-the-economic-impact-of-covid-19.html

 

Status: Contact your Bank

Provided by: Provided by: Federal Government via the Bank of Canada, Office of the Superintendent of Financial Institutions, Major Canadian Banks.

Beneficial to: Businesses

NEW! 16/04/2020 

Canada Emergency Commercial Rent Assistance (CECRA): will provide some form of rent relife to small businesses for the months of April, May and June 2020. This program will be enacted in partnership with the provinces and territories.

More information to follow

 

Status: Coming Soon

Provided by: Provided by: Federal Government in partnership with the Provincial Government

Beneficial to: Businesses

NEW! 27/03/2020 

SME Loan Guarantee Programs: For small and medium sized enterprises (SMEs) that need additional support can apply for guaranteed loans through their financial institutions to help them weather the impacts of COVID-19. These loans, which will be supported through the Export Development Canada (EDC) and Business Development Bank (BDC) are intended for small and medium-sized companies that require greater help to meet their operational cash flow requirements. These two programs are outlined below:

A. BDC Co-Lending Program for Smal and Medium Enterprises: The Business Development Bank of Canada, together with major financial institutions, will co-lend term loans to SMEs for their operational cash flow requirements. Eligible businesses may obtain incremental credit amounts up to $6.25 million BDC’s portion of this program is up to $5 million maximum per loan. Eligible financial institutions will conduct the underwriting and manage the interface with their customers. The potential for lending for this program will be $20 billion.

B. EDC Loan Guarantees. Small and Medium Enterprises (SMEs) can apply through their financial institutions to get operating credit and cash flow term loans up to $6.25 million, which will be guaranteed by the Export Development Canada (EDC). The program cap for this new loan program will be a total of $20 billion for export sector and domestic companies.

Canadian Banks. Businesses that repay the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 25 percent (up to $10,000).

To qualify for the Canadian Emergency Business Account, businesses and not-for-profits will need to demonstrate that they have paid between $50,000 to $1 million in total payroll in 2019.

Small businesses and not-for-profits should contact their financial institution to apply for these loans.

More information to follow

Status: Coming Soon

Provided by: Provided by: Federal Government via the Bank of Canada, Office of the Superintendent of Financial Institutions, Major Canadian Banks.

Beneficial to: Businesses

NEW! 27/03/2020 

Deferral of Sales Tax Remittance (HST and GST): The Federal Government will be deferring the Goods and Services Tax / Harmonized Sales Tax (GST/HST) remittances and customs duty payments to June 30,2020.

  • Monthly filers have to remit amounts collected for the February, March and April 2020 reporting periods;
  • Quarterly filers have to remit amounts collected for the January 1, 2020 through March 31, 2020 reporting period; and
  • Annual filers, whose GST/HST return or instalment are due in March, April or May 2020, have to remit amounts collected and owing for their previous fiscal year and instalments of GST/HST in respect of the filer’s current fiscal year.

More information to follow

Status: Available immediately

Provided by: Provided by: Federal Government via the Canadian Revenue Agency

Beneficial to: Businesses

UPDATED 2020/04/15 

Canada Emergency Response Benefit (CERB)

Government Backgrounder

The benefit will provide $2000 / month for the next four months for workers who are not getting a paycheque because of COVID-19. To qualify the person must have received at least $5,000 in employment income and have no income from employment or self-employment for at least 14-days in a row. This includes:

  • Persons who have lost their job due to COVID-19
  • Persons who are contract workers who can no longer work due to COVID-19
  • Persons who are Self-employed who can no longer work due to COVID-19 (such as independent small business owners)
  • Persons who are sick or in quarantine and not receiving a salary due to COVID-19
  • Persons who are looking after someone who is ill due to COVID-19
  • Persons who are looking after children due to school & daycare closers caused by COVID-19
  • Persons who are employed but are not receiving an income due to COVID-19 disruptions (Such as employees of non-essential businesses)

Note 1: Employees who receive the Canadian Emergency Response Benefit (CERB) can not also receive the Canadian Emergency Wage Subsidy (CEWS) – temporary 75% wage subsidy.

Note 2: Workers do not need to be laid off in order to receive the CERB benefit, they simply must have stopped working as a result of COVID-19, and be without employment income for at least 14 consecutive days within the initial four-week period.

Note 3: Application portals are expected to be launched on April 6, 2020 through CRA MyAccount secure portalMy Service Canada Account, or by calling a toll free number equipped with an automated application process. Application dates will be staggered by birth-month in order to prevent the application system from being overwhelmed. More info. Applicants will receive funding within 10-days of applying. The CERB benefit will be paid every four weeks and will apply for the period of March 15, 2020, to October 3, 2020.

Note 4: Employees who have been laid off and have applied for Employment Insurance (EI) will automatically be move over to receive the CERB benefit first.**

Note 5: Canadinas can now earn up to $1,000 per month while collecting the CERB, and has been extended to regular and seasonal workers who have exhausted their regular EI benefits can are unable to retun to work because of COVID-19 

Primary Government Source: 

Helpful Secondary Sources:

Status: Expected For April 6, 2020

Provided by: Federal Government

Beneficial to: Workers, Business Owners

** denotes information from trusted, non-official sources

Small Business Tax Deferral: The CRA will allow all businesses to defer, until after August 31, 2020, the payment of any income tax amounts that become owing on or after March 19, 2020 and before September 2020.

Status: Available

Provided by: Federal Government via Canada Revenue Agency

Beneficial to: Businesses

NEW! 2020/03/25 

Deferral of Business Education Tax Payments (commercial property tax) The province announced that it will defer the quarterly municipal remittance of the business education property tax to school boards by 90 days. This will allow municipalities to also provide property tax deferrals to businesses while ensuring school boards continue to receive their funding.

Status: Announced

Provided by: Provincial

Beneficial to: Businesses

NEW! 2020/03/25 

Provincial Tax Relief: The province announced that it will provide five months of interest and penalty relief for businesses to file and make payments for the majority of provincially administered taxes.

Status: Announced

Provided by: Provincial

Beneficial to: Businesses

Grace Period for Municipal Property Taxes: The City of Toronto will provide a grace period for property tax payments and payment penalties for businesses for 60 days, starting March 16, 2020:

  • For businesses on the three-instalment payment plan: the April 1 tax due date is extended to June 1, 2020;
  • For property owners on the 11-instalment pre-authorized payment plan, the 2020 due dates will be extended by 60 days;
  • Late payment penalties are waived for 60 days (as of March 16, 2020).

Status: Available

Provided by: Municipal Government

Beneficial to: Businesses, Property Owners

Grace Period for Municipal Utility Bills: (Water/Sewer Service and Solid Waste Management charges where applicable): The City is extending the due date for all utility bills issued to businesses by an additional 60 days in addition to the current 21 days to give utility customers an additional 60 days to make payment to take advantage of the early payment discount.

Status: Available

Provided by: Municipal Government

Beneficial to: Businesses, Property Owners

24-hour Retail Delivery Noise Exemption: All retail businesses are noise exempt from the City’s Noise Bylaw to facilitate after-hour deliveries. Retailers can receive deliveries 24 / 7 to ensure goods remain in stock.

Status: Available

Provided by: Provincial, Municipal Government

Beneficial to: Businesses

Banking Solutions: The Bank of Canada has cut the interest rate to 0.75%, and the Office of the Superintendent of Financial Institutions announced the release of an additional $300 billion in lending capacity by the major banks with the expectation that they will support Canadian businesses and households.

In turn, the big six Canadian banks: Bank of Montreal, CIBC, National Bank of Canada, RBC Royal Bank, Scotiabank and TD Bank have made a commitment to work with personal and small business banking customers on a case-by-case basis to provide flexible solutions to help them manage through challenges such as pay disruption due to COVID-19; childcare disruption due to school closures; or those facing illness from COVID-19.

Status: Available, Case by Case

Provided by: Federal Government via the Bank of Canada, Office of the Superintendent of Financial Institutions, Major Canadian Banks.

Beneficial to: Businesses, Property Owners, Workers

Business Development Bank Financing: Small business loans up to $100,000 that can be obtained in as little as 48 hours, working capital loans, and purchase order financing loans.

Note 1: Businesses are encouraged to seek commercially available financing first as were enabled through the measures put in place through Banking Solutions. Businesses should reference this Government of Canada flowchart prior to applying for BDC financing. FLOW CHART HERE

Note 2: Some businesses such as pubs/ bars/ clubs and marijuana companies, and non-Canadian companies are not eligible to apply.

Status: Available, Existing Program

Provided by: Federal Government via Business Development Bank of Canada

Beneficial to: Businesses

Business Credit Availability Program: Working capital loans of up to $2 million with flexible terms and payment postponements for up to 6 months for qualifying businesses.

Status: Coming Soon

Provided by: Federal Government via Business Development Bank of Canada

Beneficial to: Businesses

Enhanced Canada Child Benefit: An increase to the Canada Child Benefit (CCB) for the 2019-20 benefit year, by $300 per child.

NOTE: persons who expect to receive the Enhanced Canada Child Benefit are encouraged not to delay the filing of their taxes due to the personal tax fileing deferral in order to ensure that their entitlements are properly determined for 2020-21.

Status: Early May

Provided by: Federal Government via the Canada Revenue Agency

Beneficial to: Workers

Digital Main Street one-on-one support for getting businesses online: Digital Main Street is a program provided by the City of Toronto and the Toronto Association of BIA’s to help businesses develop their online footprint. They have made their staff person Kelsey Canning available to support Beach Village BIA businesses increase their online business presence through free one-on-one online consultations.

BIA members can book their free online appointments  through the link below.

Status: Available

Provided by: Municipal Government via the Toronto Association of BIA’s

Beneficial to: Businesses

Electricity Relief to Small Businesses: The provincial government has suspended time-of-use hydro rates for a period of 45-days, holding electricity prices to the off-peak rate of 10.1 cents-per-kilowatt-hour. This discount will be applied automatically for all customers.

Status: Available

Provided by: Provincial Government via the Ontario Engergy Board

Beneficial to: Businesses, Workers, Property Owners

NEW! 2020/03/26

Alcohol and Gaming Commission of Ontario: now allows for licensees to now sell liquor for takeout or delivery along with food. The AGCO will now allow bar and restraunt licensees to temporarily sell beer, wine and spirits as part of a food order for takeout or delivery. These changes are effective immediately, and last until December 31, 2020.

Status: Available

Provided by: Provincial Government via the AGCO

Beneficial to: Businesses

Additional Resources

NEW! Province of Ontario Business Information Phone Line:  1-888-444-3659 

https://news.ontario.ca/opo/en/2020/03/stop-the-spread-business-information-line-now-open-at-1-888-444-3659.html

NEW! COVID-19 and Commercial Leases – Councillor Brad Bradford. 

https://bit.ly/2WLHjFb

Government Of Canada, Resources for Canadian Businesses: 

https://www.canada.ca/en/services/business/maintaingrowimprovebusiness/resources-for-canadian-businesses.html

City of Toronto, COVID-19: Economic Support & Recovery: 

https://www.toronto.ca/home/covid-19/economic-support-recovery/

Guidance from the Toronto Police Service on securing your business during temporary closures (infographic): 

https://pbs.twimg.com/media/ETfarkZWoAIC20t?format=jpg&name=900×900

Canadian Chamber of Commerce Pandemic Preparedness Guide: 

http://www.chamber.ca/resources/pandemic-preparedness/BusinessPrepGuidePanPrep2020 

Institute for Catastrophic loss Reduction Small Business Guides: 

https://www.iclr.org/small-business/

Business Development Bank of Canada: Business continuity plan and templates for entrepreneurs: 

https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/templates-business-guides/pages/business-continuity-guide-templates-entrepreneurs.aspx