May 11, 2021: COVID-19 paid sick leave Workers can take 3 days of paid sick leave if they need to stay home because of COVID-19. The program is in place until December 31, 2021.
- Operating a business in the Fraser Health Authority during the COVID-19 pandemic
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The time to apply for the Small and Medium Sized Business Recovery Grant program has been extended from March 31, 2021, to Aug. 31, 2021.
Canada Emergency Response Benefit (CERB) CERB extended another 4 weeks / to take the place of the CERB once it expires: the Canada Recovery Benefit, the Canada Recovery Sickness Benefit, and the Canada Recovery Caregiving Benefit. (The new benefit programs require legislative approval). / Announced June 16, 2020. CERB extended by 8 weeks. (You can also apply over the phone: 1‑800‑959‑2019 or 1‑800‑959‑2041)
The Small and Medium-Sized Business Recovery Grant program provides fully-funded grants to businesses to ensure they have the support they need during & beyond COVID-19.
10% Temporary Wage Subsidy The 10% Temporary Wage Subsidy for Employers is a three-month measure that will allow eligible employers to reduce the amount of payroll deductions required to be remitted to the Canada Revenue Agency (CRA). The Canada Emergency Wage Subsidy, which provides a 75% wage subsidy to eligible employers for up to 12 weeks, is a separate program. For more information on that program, see below.
Canada Emergency Wage Subsidy (CEWS)
(July 13, 2020): CEWS Extended to December / NEWS RELEASE (July 17, 2020) Government Of Canada Rolls Out Canada Emergency Wage Subsidy (CEWS) Improvement Details: On July 20th the proposed extension with improvements was passed in the House. Some of the changes include:
- extension of the CEWS until December 19, 2020.
- Make the subsidy accessible to a broader range of employers by including employers with a revenue decline of less than 30% and providing a gradually decreasing base subsidy to all qualifying employers.
- Introduce a top-up subsidy of up to an additional 25% for employers that have been most adversely affected by the pandemic.
- Provide certainty to employers that have already made business decisions for July and August by ensuring they would not receive a subsidy rate lower than they would have had under the previous rules.
- Address certain technical issues identified by stakeholders
Frequently asked questions - Canada emergency wage subsidy (CEWS):
The Canada Revenue Agency has published a helpful FAQ document intended to provide more in-depth technical information on the most commonly anticipated technical questions from businesses and tax professionals.
Deadline is March 31, 2021
NEWS RELEASE (June 15, 2020): Access for more small businesses. To ensure that small businesses have access to the capital they need to see them through the current challenges, the Government of Canada has launched the new Canada Emergency Business Account, which has been implemented by eligible financial institutions in cooperation with Export Development Canada (EDC). This $25 billion program provides interest-free loans of up to $40,000 to small businesses and not-for-profits, to help cover their operating costs during a period where their revenues have been temporarily reduced, due to the economic impacts of the COVID-19 virus. This will better position them to quickly return to providing services to their communities and creating employment. Repaying the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 25 percent (up to $10,000). NEWS RELEASE (May 19, 2020): Expansion of Support for Workers and Small Businesses. Some expanded eligibility criteria for the CEBA loan program to allow more sole proprietors and businesses with contract workers into the program. This includes family-owned corporartions that pay employees through dividends rather than payroll.
The CRA is resuming additional business activities, which may affect some business tax users. The activities include appeals, audits, collections, compliance measures, and outreach activities. The CRA is also providing information on how to protect yourself from scams, it’s important to know when and how the CRA might contact you.
For the 2020 tax year, the Canada Revenue Agency (CRA) will be introducing additional reporting for the T4 slip, Statement of Remuneration Paid.
These reporting requirements will apply to all employers, and will help the CRA validate payments under the Canada Emergency Wage Subsidy (CEWS), the Canada Emergency Response Benefit (CERB), and the Canada Emergency Student Benefit (CESB).
We are communicating these requirements now to give employers enough time to prepare for next tax-filing season.
How to report employment income during COVID-19 pay periods
For the tax year 2020, in addition to reporting employment income in Box 14 or Code 71, use new other information codes when reporting employment income and retroactive payments in the following periods:
Eligibility criteria for the CERB, CEWS, and CESB is based on employment income for a defined period. The new requirement means employers should report income and any retroactive payments made during these periods.
Example: If you are reporting employment income for the period of April 25 to May 8, payable on May 14, use code 58.
For more information about T4 reporting requirements, go to Information for employers: CRA and COVID-19.
CERB and CESB repayments
Any payments that the CRA finds to have been made to an individual who is later deemed to be ineligible will need to be returned, and we will contact these individuals to make arrangements for repayment.
Resources for COVID-19 fiscal measures and benefits
In response to the COVID-19 pandemic, we have created a website to allow customers to purchase gift certificates for local, independent businesses in British Columbia. This helps us support our community, encourage social distancing, and will allow businesses to maintain some cash flow while we tackle this incredibly difficult situation.
The buyer gets an order confirmation email which has a unique order number and also serves as their gift certificate. This includes the business name and the amount. The buyer will print it off and bring it to you (once we're in the clear from the pandemic). On the back end, you will have access to our business portal powered by Duoplane to manage and redeem gift certificates in real-time. You do not need to issue your own gift certificates. It would be best to keep track of the balance for partially redeemed gift certificate through the business portal. We use a service called WayPay to send weekly direct deposit payments for the gift certificates sold in the previous seven days. Please note: There is no charge to your business - you will receive the full value of the gift certificates purchased.
Buy Holiday gifts locally on BC Marketplace
Support small businesses by finding gift ideas, products and services in the BC Marketplace
Have you had a particularly great experience with a local business lately? Maybe a menu item was particularly tasty at a restaurant, maybe a local grocery store went above and beyond to make sure you felt safe shopping in their store, or maybe a local vendor made a curbside pickup exceptionally convenient? Whatever the case may be, here’s your chance to give them a shout out. Just make a post describing your good experience and use the hashtag #shoutoutMapleRidge and we’ll share your experience on our Facebook page. Don’t forget to include the business’ name and website.
The Maple Ridge - Pitt Meadows News is happy to work with local businesses in their COVID-19 marketing and advertising plans whenever they are ready. We have developed an extensive Communication Strategy Plan for you during these trying times on both offline and online platforms, and we are happy to present it whenever you are ready to discuss via Zoom. As a local business and employer we understand the unprecedented times we are all having to navigate. Let us help you, we’re ready when you’re ready - contact Lisa Craik at 604-476-2728 or email her at email@example.com for further details.
Provided by the office of Maple Ridge – Mission MLA, Bob D’Eith. We know that businesses in BC are hurting due to this pandemic. MLA D’Eith is committed to helping support businesses in Maple Ridge during this extraordinary time. If you would like more information on these supports, or a chance to discuss particular concerns with MLA D’Eith please reach us at 604 476 4530 (it’s very important to leave a message) or at firstname.lastname@example.org.
We encourage participation in active surveys as these are important opportunities to provide your feedback that will assist the government in making informed decisions.
COVID Business 'Pulse Check' Survey
With new COVID restrictions, we're launching a COVID-19 'Pulse Check' Survey to see how your business is impacted and what supports you need in this critical time. Your feedback to this survey is essential to inform our understanding of the most pressing impacts you are experiencing and what can be done to support your business.
Responses are confidential and personal information will not be shared. The survey will take ~6 minutes to complete.
Survey will close on April 20 at 5PM.
Statistics Canada and the Canadian Chamber of Commerce collaborated to launch the Canadian Survey on Business Conditions. Click Here to view the results.