The COVID-19 pandemic has impacted every aspect of daily life. The Richmond Chamber of Commerce understands that the business community is in need of support and resources to see it through. In this section of our website we will be sharing ongoing updated information with a focus to train, resource and equip our membership and the wider Richmond business community to respond to the COVID-19 pandemic. Check in often as this information changes frequently.
For the most time-sensitive news and to confirm how these updates may affect you and your business, we urge you to rely on reputable government and public health resources:
Provincial news about COVID-19, as well as tools to keep you, your employees and families healthy. Learn More
Information from the BCCDC, including up-to-date case counts. Learn More
The Government of Canada has launched a new web page to provide Canadian businesses with a one-stop-shop for the resources they need to make informed decisions while navigating the challenges of COVID-19 in an interconnected global economy. Learn More
A compilation of resources to help businesses prepare for and respond to disruptions due to COVID-19. Learn More
To help businesses prepare for and manage through a potential COVID-19 escalation in Canada, the Canadian Chamber has developed a brief guide source from a number of best practice documents and designed to assist business planning and continuity efforts.
Co-Chaired by the City of Richmond’s Mayor Malcolm Brodie and the Chair of the Richmond Chamber of Commerce, Fan Chun, the mandate of the Richmond COVID-19 Community Task Force (RCCTF) is to provide a forum for Richmond community stakeholders, including all levels of government, to regularly connect during the COVID-19 pandemic, to share relevant information and explore collaboration opportunities, both within the Task Force and community-at-large.
The objective of the RCCTF is to facilitate dialogue and information sharing within the Richmond community to support residents & businesses during the COVID-19 pandemic, such as:
The RCCTF will meet each Monday via teleconference, until the pandemic is resolved, as determined by health authorities.
Business Development Bank of Canada (BDC) has resources available including:
Capital for Exporters through Export Development Canada
EDC stands ready to support Canadian exporters impacted by COVID-19. The best first step is to call EDC to start the process today 1-800-229-0575.
The Canada Revenue Agency will allow all businesses to defer, until after August 31, 2020:
The payment of any income tax amounts that become owing on or after today (March 18, 2020) and before September 2020. This relief would apply to tax balances due, as well as instalments, under Part I of the Income Tax Act. No interest or penalties will accumulate on these amounts during this period. This measure will result in businesses having more money available during this period.
Work Sharing Program
The Work Sharing Program is to help eligible employers to retain skilled employees and workers to remain employed. Measures taken during COVID-19 will:
Access the Work-Sharing page to learn more about the program and its requirements.
Access the Work-Sharing temporary special measures page to find out if you are eligible for temporary special measures.
To support businesses and help prevent layoffs, the government is proposing to provide eligible small employers a temporary wage subsidy for a period of three months. The subsidy will be equal to 10% of remuneration paid during that period, up to a maximum subsidy of $1,375 per employee and $25,000 per employer.
Several measures are being taken by Employment and Social Development Canada:(ESDC) to assist employees who have been laid off or are unable to work due to quarantine. These measures include, waiving the one-week waiting period for and priority application processing for related claims. To learn more go to EI sickness benefits.
Emergency Care Benefit (Expected in April, Requires Royal Assent)
The Emergency Care Benefit will be providing up to $900 bi-weekly, for up to 15 weeks. This flat-payment Benefit would be administered through the Canada Revenue Agency (CRA) and provide income support to:
Application for the Benefit will be available in April 2020 and require Canadians to attest that they meet the eligibility requirements. There will be three channels to apply for the Benefit:
Emergency Support (Available April, Requires Royal Assent)
For Canadians who lose their jobs or face reduced hours as a result of COVID’s impact, the Government is: Introducing an Emergency Support Benefit delivered through the CRA to provide up to $5.0 billion in support to workers who are not eligible for EI and who are facing unemployment. More details for how to access this program should be available closer to its rollout in April.
Enhanced Canada Child Benefit (Available early May, requires Royal Assent)
For those that are eligible for the Child Tax benefit, there will be an additional $300 per child available on top of what is already received.
GST Credit (Available early May, requires Royal Assent)
For individuals that are eligible for GST Credits The credits available will be increased up to $400 for single adults and $600 for couples (more details will be available closer to the rollout date).
Tax Filing Relief
In order to provide greater flexibility to Canadians who may be experiencing hardships during the COVID-19 outbreak, the Canada Revenue Agency will defer the filing due date for the 2019 tax returns of individuals, including certain trusts.
The COVID-19 Customer Assistance Program provides customers the option to defer bill payments or arrange for flexible payment plans with no penalty. Customers are encouraged to call BC Hydro’s customer team at 1 800 BCHYDRO (1 800 224 9376) to discuss bill payment options.
FortisBC will be waiving late payment fees and ensuring no customer is disconnected from the energy they need for financial reasons. They will also be available to help their customers with flexible payment options. To learn more about what FortisBC is doing visit their COVID-19 page or call Fortis at 1-866-436-7847 for electricity and 1-888-224-2710 for natural gas.
Vancity Credit Union
Vancity Credit Union is helping their customers through this difficult time by offering to:
Learn more about what they are doing on their website here.
Hootsuite is offering free access (until July 1st, 2020) to their Professional Plan to help small businesses and non-profits stay connected to their customers and audiences. To learn more or signup visit their website here.
The company has created a support package to promote “contactless” delivery from local restaurants, which includes waiving delivery fees, and a daily payout option to assist restaurants with cash flow.
The media company will be offering free social advertising to local businesses until April 6th. Who qualifies? Local, small businesses that are still currently open, have an online component (i.e., e-commerce, take-out, gift card, pick-up services), or are now unfortunately closed but have a message of hope to send to their staff, customers, or community.
For information on other supports please visit the Government of Canada website.
Discover a new world that will help you grow and better your business!Learn More
At Scotiabank, we believe that every customer has the right to become better off. Our partnership with the Richmond Chamber of Commerce enables us to connect with and understand our community; and provide support to hardworking local business owners through financial advice and solutions to help them achieve success.
Christine Lim Branch Manager - Scotiabank Richmond Financial Centre