Ways You Can Support Our Businesses:
COVID-19 Support Resource List:
SUPPORT FOR INDIVIDUALS AND EMPLOYEES
City of Regina
The City of Regina is providing residents added flexibility to defer payments in the coming months in an effort to ease the financial strain felt by many during the Coronavirus (COVID-19) emergency.
Council has approved the immediate implementation of the Utility Payment Deferral Program, which will enable residents and businesses to defer payments toward their water utility account for up to six months with no late payment charges or interest charges applied.
The City is suspending all payment collection activity on overdue utility and property tax accounts, and no water service will be shut off for residents with outstanding account balances or who are unable to pay. Residents are also encouraged to contact the City to discuss a customized payment plan that will provide the financial flexibility they need.
As an added measure to ease financial concerns for residents, the City is proposing to postpone the deadline to pay 2020 property taxes. Tax notices will be issued on schedule in May but property owners will have until October 1 before penalties are applied.
Residents may also sign up for Budget Billing and the Tax Installment Payment Program Service (TIPPS) online at Regina.ca. Both services enable residents to pay for their utility bills and property taxes in smaller installments deducted monthly from their financial institution.
Canada Revenue Agency
The tax filing deadline has been extended to June 1, and all taxpayers are allowed to defer, until after August 31, 2020, the payment of any income tax amounts that become owing on or after today and before September 2020.
Allowing Canadians with urgent travel needs to obtain Passport Services, if they:
- Have a serious illness, or must tend to the serious illness or death of another individual they have had a relationship with;
- Suffer from economic hardships due to loss of job or business (the cost of an airline, bus or train ticket does not constitute economic hardship); or
- Must travel for humanitarian grounds, supported by the requesting organization.
If you have lost income because of COVID-19, the Canada Emergency Response Benefit (CERB) will provide you with temporary income support. The CERB will provide you with $500 a week for up to 16 weeks.
An Emergency Care Benefit of up to $900 bi-weekly for up to 15 weeks to provide income support to workers who must stay home and do not have access to paid sick leave. This measure could provide up to $10 billion to Canadians, and includes:
- Workers, including the self-employed, who are sick, quarantined, or who have been directed to self-isolate but do not qualify for Employment Insurance (EI) sickness benefits.
- Workers, including the self-employed, who are taking care of a family member who is sick with COVID-19, such as an elderly parent or other dependents who are sick, but do not qualify for EI sickness benefits.
- EI-eligible and non EI-eligible working parents who must stay home without pay because of children who are sick or who need additional care because of school closures.
A proposed increase to the maximum annual Child Care Benefit (CCB) payment amounts, only for the 2019-20 benefit year, by $300 per child.
A proposed one-time special payment for low-and modest-income families, who may require additional help with their finances, through the Goods and Services Tax (GSTC) credit. This will double the maximum annual GSTC payment amounts for the 2019-20 benefit year. Single individuals will receive close to $400, and almost $600 for couples benefiting from this measure.
A plan to pause the repayment of Canada Student Loans and Canada Apprentice Loans until September 30, 2020, with no accrual interest.
A reduction to the required minimum withdrawals from Registered Retirement Income Funds by 25% for 2020. This will provide flexibility to seniors that are concerned that they may be required to liquidate their RRIF assets to meet minimum withdrawal requirements.
Export Development Canada and Business Development Bank of Canada
The Business Credit Availability Program will provide $10 billion of additional funding to Canadian businesses facing economic challenges brought on by COVID-19. This program helps Canadian businesses in all sectors and regions gain access to credit through EDC, BDC and private sector lenders. The short-term credit available to farmers and the agri-food sector will also be increased through Farm Credit Canada.
Business Development Bank of Canada
Effective March 18, 2020, new BDC Relief Measures for qualified businesses include:
- Working capital loans of up to $2 million with flexible terms and payment postponements for up to 6 months for qualifying businesses;
- Postponement of payments for up to 6 months, free of charge, for existing BDC clients with total
BDC loan commitment of $1 million or less;
- Reduced rates on new eligible loans;
- Additional details regarding Business Credit Availability Program (BCAP) measures, including industry specific support, to be announced in the coming days.
Extension to the maximum duration of Work-Sharing agreements from 38 weeks to 76 weeks. The Work Sharing Program is an income support program for employees eligible for Employment Insurance benefits who work a temporarily reduced work week while their employer recovers.
CALLING ALL SUPPLIERS – HELP CANADA COMBAT COVID-19
The Government of Canada is asking suppliers that have products and services that can support Canada’s response to COVID-19 to consider completing a COVID-19 Products and Services submission form.
All businesses are able to defer, until after August 31, 2020, the payment of any Income Tax amounts that become owing on or after today and before September 2020. This relief would apply to tax balances due, as well as installments, 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.
The Small Business Grants Program is offering $100 million in cash grants and advertising credits for up to 30,000 eligible small businesses in over 30 countries.
The proposed Temporary Wage Subsidy supports businesses that are facing revenue losses and help prevent lay-offs for a three month period. The subsidy will equal to 10% of remuneration paid during this period, up to a maximum subsidy of $1,375 per employee and $25,000 per employers.
The PST Rebate on New Home Construction will provide up to 42% of the PST paid on a new house contract up to $350,000 (excluding land) for new homes purchased after March 31, 2020, and before April 1, 2023. This not only helps the construction industry, Saskatchewan’s home builders and associated trades that are important job creators, it helps families afford a newly built home.
OIL INFRASTRUCTURE INVESTMENT PROGRAM (approved, to be released)
The Oil Infrastructure Investment Program, a SaskFirst new growth tax incentive administered by the Ministry of Energy and Resources, will support new and expanded pipelines, as well as new pipeline terminals, to flow oil to markets.
GUIDES FOR BUSINESS
LABOUR PROGRAM AND FEDERALLY REGULATED WORKPLACES
An online guide for workplaces wanting more information on how to handle the virus in the workplace.
Business Development Bank of Canada
Creating and maintaining a business continuity plan helps ensure that businesses have the resources and information needed to deal with an emergency. BDC has developed Business Continuity Plan Templates for businesses to plan for business continuity and mitigate the potential effects of an emergency.
Canadian Chamber of Commerce
Preparedness, not panic, is the best way to mitigate the risks posed by a COVID-19 pandemic to the Canadian economy and our citizens. The Pandemic Preparedness Guide includes links to the some of the most relevant and credible information, best practice tools and resources.
Saskatchewan Health - Updates on the COVID-19 risk in Saskatchewan
The Public Health Agency of Canada - Updates and travel advice
The World Health Organization - Information and guidance on the current outbreak
1-833-784-4397 - Coronavirus Toll Free Phone line
Need more information? Contact Kali McDonald - firstname.lastname@example.org
Regina & District Chamber of Commerce
2145 Albert St.
Phone: (306) 757-4658
Fax: (306) 757-4668