Ways You Can Support Our Businesses:
COVID-19 Support Resource List:
SUPPORT FOR INDIVIDUALS AND EMPLOYEES
City of Regina
Effective March 20, residents and businesses can defer water utility payments for up to six months with no late payment charges or interest charges applied. All payment collection activity on overdue utility accounts is suspended, and no water service will be shut off for residents with outstanding account balances or who are unable to pay.
Property tax notices were issued in May but property owners will have until September 30 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.
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. If you are eligible, you can receive $2,000 for a 4-week period (the same as $500 a week).
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 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.
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.
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 - email@example.com
Regina & District Chamber of Commerce
2145 Albert St.
Phone: (306) 757-4658
Fax: (306) 757-4668