Page last updated: March 30, 2020
RESOURCES FOR BUSINESS
Temporary Wage Subsidy
Canada has announced an up to 75 per cent wage subsidy for qualifying businesses, for up to 3 months, retroactive to March 15, 2020. This will help businesses to keep and return workers to the payroll. Eligible businesses will need to prove that their revenue has dropped by at least 30%. Wage subsidies will be capped at $847 per week and backdated to March 15. Large and small businesses, non-profits and charities will all be eligible if they meet criteria.
More information is available at Government of Canada's Economic Response Plan: Support to Businesses page.
Flexibility for corporate taxpayers
New tax filing and payment due dates. The due date for filing individual tax returns has been extended to June 1, 2020. Taxpayers will have until August 31, 2020 to pay any 2019 income tax amounts owed.
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.
This support will include up to a six-month payment deferral for mortgages, and the opportunity for relief on other credit products.
More information is available at Canada’s Six Biggest Banks Take Decisive Action To Help Customers Impacted by COVID-19
Mortgage deferral information from CMHC
Rogers fee assistance and changes
Bell fee assistance and changes
Online webinars to help businesses transition their business model and adapt in uncertain economic times:
|Date||Time||Host and Topic|
|Thursday, April 2, 2020||6:30 - 7:30 pm||How do I define my online target market (customers)?|
|Monday, April 6, 2020||6:30 - 7:30 pm||How do I set up ads on Facebook and Instagram?|
|Thursday, April 9, 2020||6:30 - 7:30 pm||How do I set up Google AdWords and YouTube Ads?|
|Tuesday, April 14, 2020||6:30 - 8:30 pm||How do I engage and retain my staff?|
Canadian Federation of Independent Business - COVID-19 Frequently Asked Questions
Temporary Wage Subsidy for Employers - Link
Special support for entrepreneurs from BDC
Free BDC Webinar: How to cope with the impacts of COVID-19 on your business - March 25, 2020 12:00 p.m. (EDT)
Export Development Canada supports and capital access
Ontario Federation of Agriculture - Statement on COVID-19 Pandemic
Employee Support - Canadian Agricultural Human Resource Council
Government Support/Financial Assistance - Farm Credit Canada
Business Support - Canadian Federation of Agriculture
Health Information - World Organization on Animal Health
Agriculture and Agri-Food Canada - Information for Industry
Mental Health and Wellness - OFA Resources