Today’s Top Story
Canada Emergency Wage Subsidy: Applications Open
The Government of Canada is now accepting applications for the Canada Emergency Wage Subsidy. Applications can be made through your ‘My Business Account’ or ‘Represent a Client’ (for tax preparers) portals. Alternatively, businesses may apply via the CRA website with their access code. There is no rush to apply; all applications will be processed on May 4.The Government of Canada is now accepting applications for the Canada Emergency Wage Subsidy. Applications can be made through your ‘My Business Account’ or ‘Represent a Client’ (for tax preparers) portals. Alternatively, businesses may apply via the CRA website with their access code. There is no rush to apply; all applications will be processed on May 4. More information.
The Business Of Business: Financing Available During COVID-19
In this edition of The Business of Business, Hon. Perrin Beatty, our President and CEO, has a conversation with Tara Benham, Partner and National Tax Leader, Grant Thornton. They discuss the financing available to businesses and employees due to COVID-19 as well as the impact the pandemic will have on our economy.
For Your Attention
Canadian Seafood Stabilization Fund Announced
On April 25, the Government of Canada announced the creation of a $62.5 million fund to help businesses:
- access short-term financing to pay for maintenance and inventory costs;
- add storage capacity for unsold product;
- comply with new health and safety measures for workers;
- support new manufacturing/automated technologies to improve productivity and quality of finished seafood products; and,
- adapt products to respond to changing requirements and new market demands.
The Canadian Seafood Stabilization Fund will be delivered through the Atlantic Canada Opportunities Agency, Canada Economic Development for Quebec Regions, and Western Economic Diversification Canada. Details on when and how to apply have not been released. More information.
U.S. Ratification Of CUSMA: We Are Calling For Border Flexibility
Friday’s announcement that the United States government has shared its ratification notification means the agreement will enter into force on July 1, 2020. This is positive news for Canadian trade, as CUSMA will provide Canadian businesses with a foundation for continued access into our most important markets for exporters and investors. That said, it will be crucial for all three governments to adapt their CUSMA implementation plans and provide flexibilities where they are required given the rapidly changing circumstances of COVID-19. Read our statement.
Perrin Beatty: Managing Change Amid A Pandemic
As the world has learned from previous crises, society’s responses to catastrophe can range from adaptation to innovation to over-correction. In Canada, so far, our governments have managed the pandemic response as well as could be expected given the uncertainty involved. But what can we learn about how to make Canada better as we move from crisis to aftermath? Find out in this recent article that our President and CEO wrote for Policy Magazine.
Q&A: Canada Emergency Response Benefit (CERB)
The CERB provides temporary income support to workers who have stopped working because of COVID-19. A comprehensive Q&A document on the CERB for Canadians is now available from the Government of Canada. Access the Q&A here.
FAQ: Canada Emergency Wage Subsidy (CEWS)
The Canada Revenue Agency has published a helpful FAQ document intended to provide more in-depth technical information on the most commonly anticipated technical questions from businesses and tax professionals. Access the FAQ here.
Post-Secondary Institutions Stepping Up Amid COVID-19
Amid COVID-19, post-secondary education institutions have stepped up for the betterment of not only their students, but also all Canadians. If you’re wondering how, take a look at our recent blog post. Read more.
COVID-19: United States Export Forecast With Peter Hall
How will COVID-19’s impact on the U.S. economy affect Canadian companies? Export Development Canada’s (EDC) free webinar will explain the current economic outlook and the types of support you can access for your business right now. Register here.
How We’re Helping Canadian Business
Register Now For The Winnipeg Chamber Of Commerce’s Webinar With Perrin Beatty And Trevin Stratton
On April 30, The Winnipeg Chamber of Commerce is hosting our President and CEO, the Hon. Perrin Beatty, along with Dr. Trevin Stratton, our Chief Economist and VP-Policy, for a conversation on the state of Canadian business in the wake of the COVID-19 pandemic and a look ahead at how we can restart the national economy. What needs to happen for us to reopen businesses, and which sectors will be critical to the country’s recovery? Register now.
A #TeamCanada Approach
SNC-Lavalin PAE—a joint venture established in 2002 to support Canadian Armed Forces operations overseas—has been chosen to provide a range of services in support of the Government of Canada’s effort to provide design expertise and to help deliver up to 10, 100-bed mobile health units. SNC-Lavalin PAE will arrange for the delivery, construction, warehousing and sustainment of these mobile health units and will jointly deliver advanced medical and logistical integration under one program management structure that can rapidly respond to changing requirements in support of contingency measures. More information.
TELUS’ Mobility for Good COVID-19 Emergency Response Program has donated more than 6,000 mobile devices paired with $0 rate plans to enable vital connections for those who need them most, including isolated seniors, hospitalized patients and vulnerable Canadians. More information.
A member of the Fredericton Chamber of Commerce and a Canadian biotechnology leader, LuminUltra will provide 500,000 urgently needed COVID-19 tests per week to the Canadian federal government for use across Canada.
Eve & Co.
Eve & Co. is donating gloves and disposable jump-suits to its local hospital network in Strathroy, ON.
If you know of a business that has taken steps to help Canadians through this pandemic, please contact us.