Access the Government of Canada’s COVID-19 Economic Response Plan »
Highlights for Business
May 14: FedNor opens Regional Relief and Recovery Fund applications: https://fednor.gc.ca/eic/site/fednor-fednor.nsf/eng/h_fn04591.html
April 27: Application process for the Canada Emergency Wage Subsidy launched.
Federal Government expands business support measures, such as dropping $50K payroll threshold to $20K and offering rent relief. Learn more >
Canadian Business Resiliency Network, an initiative of our partner, the Canadian Chamber of Commerce
View federal government support for business programs. Click here.
Canadian Emergency Wage Subsidy (CEWS). Application portal expected to be open before end of April.
An up to 75 per cent wage subsidy for qualifying businesses, for up to 3 months, retroactive to March 15, 2020. Now also open to students and seasonal workers. It’s to pay 75% of first $58,700 salary earned (Max $847/wk)
Who is eligible? Firms of all sizes, including non profits, that have suffered a 15% in March and 30%+ in April/May revenue loss as a result of COVID-19.
Firms are encouraged to pay the 25% top-up to employees if they can afford it.
Firms warned not to take advantage or they will face stiff penalties
Canadian Emergency Response Benefit (CERB). Apply through the new CRA portal that opened April 6.
Click here for the CERB application portal >
The CERB covers Canadians who have lost their job, are sick, quarantined, or taking care of someone who is sick with COVID-19, as well as working parents who must stay home without pay to care for children who are sick or at home because of school and daycare closures. The CERB would apply to wage earners, as well as contract workers and self-employed individuals who would not otherwise be eligible for Employment Insurance (EI).
Who is eligible? Anyone over the age of 15 who earned at least $5K in the last year or in 2019.
Read the latest about CERB »
Keep up to date with Resources for Canadian Businesses »
Employment Insurance Program
Any employee requiring sick days or isolation can apply for EI Illness. The wait week is waived under this program and medical documentation is not required. Regular benefits can also be obtained for employees that have been laid off. Records of Employment ARE required but not to apply.
Employment Insurance (EI): 1-833-381-2725 or apply online.
ROE Tip to Employers
If you are considering laying off staff, you should have Record of Employment (ROE) forms to provide them so they can apply for Employment Insurance (EI). However, given the unprecedented number of layoffs, CRA is not requesting them at this time – but you should have them for later. You can not download these forms from the CRA or Service Canada so be sure to order them if you do not have them in supply. Your Chamber has raised concerns to the CRA about ROEs not being readily available for smaller employers who may not have set up on line ROE access – which is normally a lengthy process.
Other Federal Aid
- A temporary boost to Canada Child Benefit payments, delivering about $2 billion in extra support.
- A six-month, interest-free reprieve on student loan payments.
- A doubling of the homeless care program.
- An extension of the tax filing deadline to June 1. A policy change allowing taxpayers to defer until after Aug. 31 tax payments that are due after today and before September.
- $305 million for a new Indigenous Community Support Fund to address immediate needs in First Nations, Inuit and Métis Nation communities.