September 2020

COVID-19 - Federal Government Programs and Resources

Wednesday, September 30, 2020

The Canada Emergency Business Account (CEBA) is being expanded to include businesses that paid between $20,000 and $1.5 million in total payroll in 2019. This new payroll range will replace the previous range of between $50,000 and $1 million in payroll. Businesses can apply for a CEBA loan through their financial institutions.

Canada Emergency Commercial Rent Assistance (CECRA) for small businesses. This program will seek to provide loans, including forgivable loans, to commercial property owners who in turn will lower or forgo the rent of small businesses for the months of April (retroactive), May, and June. Implementation of this program will require a partnership between the federal government and provincial and territorial governments, which are responsible for property owner-tenant relationships. We will share more details about this program as soon as they are available.

Canada Emergency Wage Subsidy Calculator Now Available

Ahead of the Wage Subsidy application process, which will be available in the coming days, additional details and a calculator are now available for businesses.

Calculate Your Subsidy

For Your Attention

New Resource Web Page From Finance Canada
Finance Canada has produced a refined search tool to help businesses find the financial supports they may be eligible for, including direct financial support programs, access to credit and more.

Posted by pjrobertson@brockvillechamber.com @ 08:00 am

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