Tuesday, 17 March 2020 12:49

Business Information–COVID-19

Credit: Sean Thibert Credit: Sean Thibert

Last Updated: April 7, 4:00pm

This page will be used to direct local businesses to information and resources to support them during these challenging times. If you are looking for information on a specific business, we've launched our #LoveNG campaign with information on businesses here

The North Grenville Municipal Offices have moved to appointment-only for meetings with the public. If you need anything from the Economic Development Office, contact Matt (This email address is being protected from spambots. You need JavaScript enabled to view it.) or Hillary (This email address is being protected from spambots. You need JavaScript enabled to view it.). We will also be conducting phone surveys over the next few weeks. If you would like to be surveyed, please e-mail Hillary. 

 

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Program Name Resource Provider Program Type Description Website
Employment Insurance Service Canada Employee Support Employment Insurance (EI) sickness benefits provide up to 15 weeks of income replacement and is available to eligible claimants who are unable to work because of illness, injury or quarantine, to allow them time to restore their health and return to work. Canadians quarantined can apply for Employment Insurance (EI) sickness benefits. Service Canada has made a number of enhancements to the EI program to better support Canadian affected by COVID-19 including; - Waiving the one-week waiting period for benefits - Prioritizing claims for those under quarantine - People claiming EI sickness benefits due to quarantine will not have to provide a medical certificate - People who cannot complete their claim for EI sickness benefits due to quarantine may apply later and have their EI claim backdated to cover the period of delay.

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Canada Emergency Response Benefit Government of Canada Employee Support The CERB will support Canadians who have lost their income because of COVID-19 by providing $2,000 a month for up to 4 months. All eligible workers, whether or not they are eligible for Employment Insurance, will apply through a simplified application process and are encouraged to register an online My Account with the Canada Revenue Agency in order to receive direct payment. Applications will be accepted starting April 6, 2020. Examples of eligible workers include workers, including those who are self-employed, who must stop working due to COVID-19, workers who are sick, quarantined or taking care of someone who is sick with COVID-19, working parents who must stay home without pay to care for children that are sick or need additional care because of school and daycare closures, and workers who still have their employment but are not being paid because there is currently not sufficient work and their employer has asked them not to come to work. Please see weblink for more details.

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Business Credit Availability Program, BDC Business Development Bank of Canada Business Financing & Income Support New relief measures for qualified businesses include: - Working capital loans of up to $2 million with flexible terms and payment postponements for up to 6 months for qualifying businesses; - Postponement of payments for up to 6 months, free of charge, for existing BDC clients with total BDC loan commitment of $1 million or less; - Reduced rates on new eligible loans - No restriction on business size.

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Business Credit Availability Program for Exporters, EDC Export Development Canada Business Financing & Income Support EDC has introduced initiatives to help Canadian exporters respond to COVID-19 including; - Guarantee on loans of up to $5M so that companies can access more cash immediately - Cover insurance losses for goods shipped even if the buyer has not accepted the goods, subject to terms - Waiving the 60-day waiting period for insurance claims.

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Private Bank Debt & Payment Relief Private Banks Business Financing & Income Support Effective immediately, 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.

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FedDev Ontario Repayment Deferral FedDev Ontario and other Regional Development Agencies Business Financing & Income Support A three month deferral for companies in repayment. This deferral takes effect on April 1, 2020, and will relieve some of the pressure your business is facing. FedDev Ontario will work with you to formalize these deferrals into an amended repayment schedule and outline other measures that may help your business. Tourism operators, small- or medium- sized business and organizations that have received FedDev Ontario funding in the past, may be eligible to receive additional funding and/or flexible arrangements. FedDev Ontario is also offering access to federal funding to help businesses impacted by the sudden shift in the economy and who require pressing assistance.

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Income Tax Deferral Canada Revenue Agency Business Tax Support Tax filing deadline for individuals moved to June 1 2020. For self-employed deadline is still June 15. Payments on 2019 owed taxes by individuals deferred to Sept 1, 2020. For self employed, any balance due for individual income tax deferred to August 31. For businesses, deadline to pay any income tax amounts that became owing or due after March 18, 2020 has been extended to August 31, 2020 (no penalties for payments on Sept 1, 2020).

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BDC Continuity Plan Business Development Bank of Canada Business Advisory Support Contains themed templates that can be used by businesses to develop contingency plans for dealing with emergency situations. Templates include but not limited to, identifying essential services, key customers, critical suppliers and action plan for maintaining essential services.

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Pandemic Preparedness for Business Canadian Chamber of Commerce Business Advisory Support Guidelines to assist businesses during pandemic. Includes, Pandemic Preparedness Guide which provides actions and key considerations a business should make regarding risk and crisis management, as well as a Crisis Communications Plan and Business Continuity & Recovery Plan (a template to assist businesses in recovery after an emergency situation).

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Stop the Spread Business Information Line: 1-888-444-3659 Province of Ontario Business Advisory Support The Province has launched a toll-free line 1-888-444-3659 to provide support to Ontario businesses who have questions about the province's recent emergency order to close at-risk workplaces following recommendations by Ontario's Chief Medical Officer of Health.

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Province of Ontario Postponing Planned Property Tax Reassessment Province of Ontario Business Tax Support The government is postponing the planned property tax reassessment for 2021.

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CanExport Government of Canada Business Advisory Support Funding for international market development activities. Due to travel restrictions during COVID-19 crisis CanExport advises applicants to develop a project plan that can be executed remotely from your target market.

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Work Sharing Program Employment and Social Development Canada Employee Support Work-Sharing (WS) is an adjustment program designed to help employers and employees avoid layoffs when there is a temporary reduction in the normal level of business activity that is beyond the control of the employer. The measure provides income support to employees eligible for Employment Insurance benefits who work a temporarily reduced work week while their employer recovers. The Government of Canada has introduced temporary special measures that extend the maximum duration of Work-Sharing agreements from 38 weeks to 76 weeks across Canada for those businesses affected by the downturn in business due to COVID-19. Other measures are still in place for the forestry and steel and aluminum sectors. You are eligible to apply if you are experiencing a downturn in business activity related to the global outbreak of COVID-19, and have: - WS agreements signed between March 15, 2020 and March 13, 2021 - WS agreements that began, or ended between March 15, 2020 and March 14, 2021, and - WS agreements that ended between June 23, 2019, and March 14, 2020 and are in their mandatory cooling-off period.

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Property Tax Deferral Municipality of North Grenville Business Tax Support The payment deadline for the Interim Property Taxes Bill (for residences and businesses) has been extended until June 30, 2020, and all new penalty and interest charges will be waived. Interim taxes were initially due on March 31, 2020.

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Water Bill Deferral Municipality of North Grenville Business Tax Support  The payment deadline for Water Bills that will be issued by the Municipality in early April has been extended to June 30, 2020. Late fees and interest charges that would normally apply will be waived until June 30, 2020.

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Canada Emergency Wage Subsidy Government of Canada Business Financing & Income Support Canada Emergency Wage Subsidy would apply at a rate of 75 per cent of the first $58,700 normally earned by employees – representing a benefit of up to $847 per week. The program will be in place for a 12-week period, from March 15 to June 6, 2020. The Government of Canada will be launching a portal for businesses to apply. In advance, businesses are strongly encourage to register a Business Account with the Canada Revenue Agency in order to receive payments online. Please see weblink for further details, including full eligibility rules.

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Loan Guarantee for Small and Medium-Sized Enterprises Export Development Canada Business Financing & Income Support EDC will guarantee new operating credit and cash flow term loans that financial institutions extend to SMEs, up to $6.25 million. Access details are forthcoming.

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Canada Emergency Business Account Government of Canada Business Financing & Income Support Government of Canada guaranteed interest-free loans of up to $40,000 to small businesses and not-for-profits, to help cover operating costs they have not been able to defer due to COVID-19. To qualify, 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). Further details regarding accessing these loans are expected within the first week of April.

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GST, HST & Import Duty Tax Deferral Government of Canada Business Tax Support  Government of Canada will allow businesses, including self-employed individuals, to defer all Goods and Services Tax/Harmonized Sales Tax (GST/HST) payments as well as customs duties owed for imports until June.

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Temporary Doubling of the Employer Health Tax Exemption Province of Ontario Business Tax Support  In order to provide immediate financial relief to employers impacted by the COVID-19 outbreak, the government proposes to retroactively raise the EHT exemption from $490,000 to $1 million for 2020. The exemption would return to its current level of $490,000 on January 1, 2021.

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Provincial Tax Deferral and Penalty Relief Province of Ontario Business Tax Support  Beginning April 1, 2020, penalties and interest will not apply to Ontario’s businesses that miss any filing or remittance deadlines under select provincially administered taxes. This will continue for a period of five months, up until August 31, 2020. See link for list of tax programs.

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WSIB Financial Relief Package Province of Ontario Business Tax Support  The financial relief package allows businesses to defer premium reporting and payments until August 31, 2020. All businesses covered by the WSIB’s workplace insurance are automatically eligible for the financial package.

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Off-peak Time-Of-Use (TOU) Electricity Rate Province of Ontario Business Financing & Income Support For a 45-day period, the government is working to suspend time-of-use electricity rates, holding electricity prices to the off-peak rate of 10.1 cents-per-kilowatt-hour. This reduced price will be available 24 hours per day, seven days a week to all time-of-use customers. This discount will be applied automatically to electricity bills without the need for customers to fill out an application form.

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Business Development Bank of Canada Co-Lending Program Business Development Bank of Canada Business Financing & Income Support 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. This program will be administered through private-sector financial institutions. Access details are forthcoming.

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Preventing COVID-19 in the Workplace: Employers, employees and essential service workers Government of Canada Business Advisory Support The Government of Canada has outlined detailed policies and practices for employers to reduce the spread of COVID-19 in the workplace.

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COVID-19 Small Business Help Centre Canadian Federation of Independent Business Business Advisory Support The CFIB has put together a resource page for small businesses with FAQs related to employee management, health & safety and business continuity planning.

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Essential Business List Province of Ontario Business Advisory Support The Province of Ontario released a new list of essential businesses allowed to stay open after April 4th at 11:59pm.

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Ontario Agri-Food Job Portal Province of Ontario Business Financing & Income Support A one-stop-shop that highlights employment openings and training resources in Ontario’s agriculture and food sector.

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