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

13, 04-2021

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
  • Applications for the Canada Emergency Commercial Rent Assistance (CECRA) ended on October 30, 2020.
  • Canadian businesses, non-profit organizations, or charities who have seen a drop in revenue due to the COVID-19 pandemic may be eligible for the Canada Emergency Rent Subsidy to cover part of their commercial rent or property expenses, starting on September 27, 2020, until June 2021.

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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