On December 8, 2020, The BC Government announced its plan to provide eligible families and single parents with a one-time, tax-free benefit payment of up to $1,000 for families and up to $500 for individuals.
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News
COVID-19
Canada Emergency Rent Subsidy (CERS) Released by the Federal Government
Qualifying businesses affected by the ongoing COVID-19 pandemic will have rent and mortgage support until June 2021 through the Canada Emergency Rent Subsidy (CERS). The CERS replaces the Canada Emergency Commercial Rent Assistance (CECRA) program, which provided rent support of over $1.8 billion to over 130,000 small businesses across the country.
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*UPDATED* COVID-19 Federal Quick Reference Chart
With the various COVID-19 Relief Measures announced by the Federal Government, we have created a quick reference chart that outlines various programs available to both businesses and individuals. To view the chart, please refer below.
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Federal Government amending Bill C-9 to increase support to businesses through pandemic
NOTE: Bill C-9 has not officially been passed as of the date this article was posted.
Bill C-9 is in the process of being amended and is receiving its first reading in the House of Commons. If passed, this amendment will extend the Canada Emergency Wage Subsidy (“CEWS”) and create the Canada Emergency Rent Subsidy (“CERS”).
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Federal Government Introduces Canada United Small Business Relief Fund (CUSBRF) to Help Support Small Businesses
Federal Government Minister of Small Business, Export Promotion and International Trade, Mary Ng, announced on October 20, that the Government of Canada will be investing $12 million in the Canada United Small Business Relief Fund (CUSBRF).
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New & Expanded COVID-19 Relief Programs Introduced by the Federal & Provincial Governments
Over the course of the last few weeks, the Provincial and Federal governments have launched a range of new economic measures to support businesses stricken by the ongoing COVID-19 pandemic.
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CERB Extension plus EI and Benefit Changes
CERB and EI Changes
The Canada Emergency Response Benefit (CERB), a temporary response benefit to support Canadians who had to stop working due to the pandemic, has been extended up from 24 weeks to 28 weeks ending September 26, 2020. This extension is for any workers who stopped working due to COVID-19, are eligible for Employment Insurance regular or sickness benefits, or have exhausted their Employment Insurance regular benefits or Employment Insurance fishing benefits between December 29, 2019, and October 3, 2020.
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Canada Announces Support for Persons with Disabilities
The government announced a series of measures to help Canadians with disabilities navigate the effects of the COVID-19 pandemic, including a one-time, tax-free, non-reportable payment of $600 to assist with expenses incurred during the pandemic.
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Canada Emergency Wage Subsidy (CEWS) Extended
The government has announced proposed changes to the CEWS that would broaden the reach of the program and help provide better-targeted support. The draft legislative proposals extend the CEWS under new rules through November 21, 2020, with a provision to revisit and allow further application until at least December 19, 2020.
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Expanded Eligibility for the Canada Emergency Business Account (CEBA)
Further to today’s announcement from the Federal Government, the CEBA loans program will now include:
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