COVID-19 Business Resources

The Canadian Chamber of Commerce established the Canadian Business Resilience Network to bring together our vast network of over 450 chambers of commerce and boards of trade, and over 100 of Canada’s leading business and industry associations, including the Business Council of Canada, the Canadian Council for Aboriginal Business, the Canadian Federation of Independent Business and Canadian Manufacturers and Exporters, to help the business community prepare, persevere and, ultimately, prosper as we collectively face the COVID-19 pandemic.

Supported by the Government of Canada, the Canadian Business Resilience Network is executing a coordinated, business-led, inclusive campaign with the overarching goals of mitigating the impact of the pandemic on our economy, our communities and our citizens and positioning the business community to help drive Canada’s economic recovery.

Visit CBRN.ca

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: 

1. Assisting with the dissemination of information from health authorities and senior levels of government (combatting misinformation); 
2. Providing stakeholders with the opportunity to share pandemic impacts on their respective organizations/communities and approaches to handling these situations;  
3. Exploring collaboration efforts to better support the community. 

The RCCTF will meet each Monday via teleconference, until the pandemic is resolved, as determined by health authorities.

Meeting Updates

Update from March 23, 2020 RCCTF Meeting

Update from March 30, 2020 RCCTF Meeting

Update from April 6, 2020 RCCTF Meeting

Update from April 14, 2020 RCCTF Meeting

Update from April 20, 2020 RCCTF Meeting

Update from April 27, 2020 RCCTF Meeting

Update from May 4, 2020 RCCTF Meeting

Update from May 11, 2020 RCCTF Meeting

Update from May 19, 2020 Meeting

Update from May 26, 2020 Meeting

Update from June 2, 2020 Meeting

Update from June 9, 2020 Meeting

Update from June 16, 2020 Meeting

Update from June 30, 2020 Meeting

Update from July 14, 2020 Meeting

Meeting Minutes

Minutes March 23, 2020 Richmond COVID Community Task Force

Minutes Mar 30, 2020 Richmond COVID Community Task Force

Minutes April 6 2020 Richmond COVID Community Task Force

Minutes April 14 2020 Richmond COVID Community Task Force

Minutes April 20 2020 Richmond COVID Community Task Force

Minutes April 27 2020 Richmond COVID Community Task Force

Minutes May 4 2020 Richmond COVID Community Task Force

Minutes May 11, 2020 Richmond COVID Community Task Force

Minutes May 19, 2020 Richmond COVID Community Task Force

Minutes May 26, 2020 Richmond COVID Community Task Force

Minutes June 2, 2020 Richmond COVID Community Task Force

Minutes June 16, 2020 Richmond COVID Community Task Force

Minutes June 30, 2020 Richmond COVID Community Task Force

Minutes July 14, 2020 Richmond COVID Community Task Force

Access to Capital

*NEW March 27* Canada Emergency Business Account  

The new Canada Emergency Business Account will provide 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.

To qualify, these organizations will need to demonstrate they paid between $50,000 to $1 million in total payroll in 2019.

Loan Guarantee for Small and Medium-Sized Enterprises

EDC is working with financial institutions to issue new operating credit and cash flow term loans of up to $6.25 million to SMEs.

Co-Lending Program for Small and Medium-Sized Enterprises

BDC is working with financial institutions to co-lend term loans to SMEs for their operational cash flow requirements. Eligible businesses may obtain incremental credit amounts of up to $6.25 million through the program.

How to Access: Contact your financial institution for more information.

Farm Credit Canada’s lending capacity has been increased to provide further support to primary producers, food operations and agribusinesses affected by COVID-19

Western Economic Diversification Canada  can help businesses access federal funding to help businesses stay open. They can also provide advice on other federal programs and services. Tourism operators or small- or medium- sized organizations that are impacted by COVID-19 and have received RDA funding may be eligible to receive additional funding and/or flexible arrangements.

Tax flexibility: Businesses can defer paying income tax until September 1, 2020. GST payments, duties, and other remittances can be deferred until June

Wage and Income Support

Wage Subsidy

*Updated April 9, 2020* The Canada Emergency Wage Subsidy 

To support businesses and help prevent layoffs, the government is providing eligible business and non-profits a further wage subsidy for a period of three months. The subsidy will cover 75 per cent of the amount of remuneration paid, up to a maximum benefit off $847 per week per employee retroactive to March 15, 2020. Businesses and not-for-profits can apply through an online CRA portal, which will be available in 3-6 weeks.

• NEW This subsidy would be available to eligible employers that see a drop of at least 15 per cent of their revenue in March 2020 and 30 per cent for the following months (see Eligible Periods). In applying for the subsidy, employers would be required to attest to the decline in revenue.
• NEW When calculating their decline in revenue employers can chose to compare the month they are applying for year-over-year or an average of Jan/Feb 2020 to the month in 2020 (see chart below).
• An employer’s revenue for this purpose would be its revenue in Canada earned from arm’s-length sources. Revenue would be calculated using the employer’s normal accounting method, and would exclude revenues from extraordinary items and amounts on account of capital.
• NEW The government is clarifying that employers would be allowed to calculate their revenues under the accrual method (as they are received) or the cash method (as they as earned), but not a combination of both. Employers would select an accounting method when first applying for the CEWS and would be required to use that method for the entire duration of the program.
• NEW For registered charities and non-profit (NFP) organizations, the calculation will include most forms of revenue, excluding revenues from non-arm’s length persons. These organizations would be allowed to choose whether or not to include revenue from government sources as part of the calculation. Once chosen, the same approach would have to apply throughout the program period.
• NEW The Government is proposing to expand the CEWS by introducing a new 100 per cent refund for certain employer-paid contributions to Employment Insurance (EI) and the Canada Pension Plan (CPP). This refund would cover 100 per cent of employer-paid contributions for eligible employees for each week throughout which those employees are on leave with pay and for which the employer is eligible to claim for the CEWS for those employees.

Eligible Periods 

Temporary Wage Subsidy for Employers

• The initial 10% wage subsidy offered is still in place for eligible organizations.
  • Those accessing this subsidy can still apply for the Canada Emergency Wage Subsidy when it becomes available.
  • The 10%  subsidy provides eligible small employers a wage subsidy for  three months, equal to 10% of remuneration paid during that period, up to a maximum subsidy of $1,375 per employee and $25,000 per employer.
  • Businesses can benefit immediately by reducing their remittances of income tax withheld on their employees’ remuneration

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.

Tax Remittance Deferrals  

The provincial government is extending tax filing and payment deadlines to September 30th, 2020, including:

• Employee Health Tax (EHT)
• Motor Fuel Taxes
• Carbon Tax (the scheduled increase of carbon tax has been canceled)
• Provincial Sales Tax (PST)
• Municipal & Regional District Tax
• Tobacco Tax

Additional Provincial Measures:  

• Business and light and major industrial property classes will see a 50% cut to provincial school tax. The expectation is businesses will pass the savings on to tenants in triple-net leases
• The new PST increase for e-commerce and sweetened beverages has been deferred, and will be reviewed by Sept. 30, 2020.
• The Province has dedicated $1.5 billion for economic recovery

Provincial Support for Individuals 

• BC Emergency Benefit for Workers provides a one-time $1,000 payment for people who lost income
• A one-time enhancement to the climate action tax credit will be paid in July 2020 for moderate to low-income families
• Support for renters and landlords include a new temporary rental supplement, halting evictions and freezing rents.
• Rental supplements are also available through BC Housing.

LAUNCH ONLINE GRANT PROGRAM

New grant program for BC businesses, Feb 3, 2021

The Launch Online Grant Program provides business owners, including those in sectors such as retail, tourism and restaurants, with up to $7,500 to build or strengthen their online store and promote BuyBC at a local, national and international level. Applications are now open and can be submitted at www.launchonline.ca

Canada Emergency Response Benefit (CERB)

What: $500 a week, paid out four weeks at a time, for up to a maximum of 16 weeks. Benefits flow two to 10 days after applying. This benefit was created to ease the unprecedented number of people attempting to apply for Employment Insurance. Note: You cannot receive both the CERB and EI for the same period, but you can apply for EI after the CERB runs out.

Eligibility: Workers who live in Canada, are at least 15 years old, have stopped working due to COVID-19, did not voluntarily quit their job, may or may not be eligible for Employment Insurance regular or sickness benefits, had income of at least $5,000 in 2019 or the 12 months leading up to application, expect to be without work for at least 14 consecutive days in the first four-week period.

How to apply:Online beginning April 6. (If you have already applied for EI before March 15, you will be processed through existing EI channels.)

Employment Insurance

What: Up to a possible $573 a week to those who have lost income or work, whether due to job loss or sickness. Paid out every two weeks, about two to three business days after completing bi-weekly reports. Waiting time now eliminated. Note: You cannot receive both the CERB and EI for the same period, but you can apply for CERB if your EI ends before Oct. 3, 2020.

Eligibility: Workers employed in insurable employment, lost your job through no fault of your own, have been without work for at least seven days in the past 52 weeks, have worked for a required number of insurable employment hours in the past 52 weeks or since start of last EI claim, are ready and capable of working, are actively looking for work.

How to apply:Online. (If you have applied to EI after March 15, you will automatically be channeled through CERB.)

B.C. Emergency Benefit for Workers

What: One-time, tax-free payment of $1,000 for B.C. residents who are unable to work due to COVID-19.

Eligibility: B.C. residents who are qualified to receive federal Employment Insurance or the CERB.

How to apply:Applications not yet available.

B.C. Hydro COVID-19 Relief Fund

What: A three-month credit applied to your account if either you or your spouse/partner have stopped working due to COVID-19. Only one credit is allowed per household. A credit also being offered to eligible small businesses.

Eligibility: Must be a residential account holder as of March 31, 2020, unable to work and eligible for EI/CERB/B.C. emergency benefit.

How to apply: Applications to open week of April 6.

Other notes: B.C. Hydro also offers a Customer Crisis Fund. Anyone can apply for an up to $600 grant if their account is overdue, as long as their don’t owe more than $1,000 and have at least paid some amount toward the account. The application form is here. B.C. Hydro is also offering no penalty instalment plan payments. Bill deferrals and payment plans are also available for eligible customers.

• New Westminster Electric Utility is offering a three-month credit to customers. Applications to open April 20 at www.newwestcity.ca.

• Fortis B.C. which provides electricity to 165,000 customers in the Okanagan is allowing customers to apply for a three-month deferment on their bills

B.C. Temporary Rental Supplement (BC-TRS)

What: Up to $500 a month, for up to three months, paid directly to landlords.

Eligibility: Tenants with low to moderate incomes who have experienced an income loss or reduction, and do not qualify for existing rental assistance programs. Tenants must be spending in excess of 30% of gross income on housing.

How to apply: Apply via BC Housing.

Other notes: Tenants must apply for the supplement, not landlords. The supplement will be paid directly to landlords.

GST Credit

What: One-time GST credit of about $400 for an individual or about $600 for couples.

Eligibility: Canadian residents who are at least 19 years old OR you have or had a spouse or common-law partner OR you are or were a parent and live or lived with your child. You must have filed a 2018 tax return, as the amount is calculated based on your 2018 return.

How to apply: Benefit is paid out automatically according to your income tax return.

BC Climate Action Tax Credit

What: One-time boost to the climate action tax credit of about $218 for an individual adult and $64 for an individual child, for low to moderate income families. To be paid out in July 2020.

Eligibility: Canadian residents who are at least 19 years old OR you have or had a spouse or common-law partner OR you are or were a parent and live or lived with your child; you are considered low to moderate income and fall below the net income threshold. You must have filed a 2019 tax return, as the amount is calculated based on your 2019 return.

How to apply: The Canada Revenue Agency will determine eligibility and advise if you’re eligible for the payment, based on your 2019 tax return.

Canada Child Benefit (Federal)

What: Up to an extra $300 per child through the federal Canada Child Benefit for 2019-2020. Paid out as part of the scheduled CCB payment for May 2020.

Eligibility: Must live with a child who is under 18 years old, be the primary caregiver for child, are a resident of Canada, you or your spouse must be a Canadian citizens OR permanent resident OR a protected person OR a temporary resident who has lived here for 18 moths OR an indigenous person.

How to apply: If you are already receiving the CCB, you do not need to re-apply.

ICBC is offering payment plan deferrals for up to 90 days with no penalties.

BC Hydro: The COVID-19 Customer Assistance Program allows customers to defer bill payments or arrange for flexible payment plans with no penalty. Call 1 800 BCHYDRO (1 800 224 9376)

FortisBC is waiving late payment fees and ensuring no customer is disconnected and will discuss flexible payment options.

WorkSafeBC will be allowing employers to defer payment of their Q1 2020 payments by three months.

Pacific Northern Gas is maintaining service for all customers during this time and is available to work with customers on flexible payment options.

Vancity Credit Union will provide emergency working capital, buy back foreign currency at the same rate it was sold (for customers impacted by travel disruption), waive INTERAC e-Transfer and ATM fees until April 30th

Hootsuite is offering free access to their Professional Plan to help small businesses and non-profits stay connected to their customers and audiences.

Uber Eats 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.