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I own a business and have lost revenue due to COVID-19 Coronavirus? Is there any support available?

13, 10-2020

The Canadian Government announced  a number of programs designed to help businesses during the COVID-19 Coronavirus crisis, including:

  • The Canada Emergency Wage Subsidy for companies who experience a loss of revenue due to the outbreak may be eligible for a wage subsidy of up to 75%. This wage subsidy may be available to companies no matter how many employees they employ. Nonprofits are also eligible.
  • Temporary 10% Wage Subsidy
  • Extending the Work-Share Program
  • Increasing access to credit
  • Allowing businesses to defer paying income tax, GST, and customs duty payments
  • The Canada Emergency Commercial Rent Assistance (CECRA) for small businesses offers forgivable loans to eligible commercial property owners so that they can reduce the rent owed by their impacted small business tenants by at least 75% for the months of April, May, June, August and September 2020. Applications are open now. You have until October 30, 2020 to apply.

For a full list and details of BC and federal programs to help businesses, see go to the  the BC COVID-19 Supports for Businesses and see the Federal Government’s Economic Response Plan.

To get answers to your COVID-19 business questions go to the BC Business COVID-19 Support Service and the COVID-19 Small Business Help Centre.

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