Today’s Top Story
Expanded Eligibility For The Canada Emergency Business Account (CEBA)
Today the government announced it was expanding the criteria used by businesses in calculating their CEBA eligibility. To qualify under the expanded eligibility criteria, applicants with payroll lower than $20,000 need:
- a business operating account at a participating financial institution;
- a Canada Revenue Agency business number, and to have filed a 2018 or 2019 tax return;
- eligible non-deferrable expenses between $40,000 and $1.5 million. Eligible non-deferrable expenses could include costs such as rent, property taxes, utilities and insurance.
Expenses will be subject to verification and audit by the Government of Canada. More information.
For Your Attention
Canadian Chamber Welcomes Expansion Of Canada Emergency Business Account (CEBA) Criteria
Today’s announcement addresses our concerns that eligibility for CEBA should not discriminate against different business structures, such as entrepreneurs receiving income directly from their firms and businesses that rely on contract employees and pay staff through dividends. Read more.
Additional Government Supports For Women Entrepreneurs
On May 16, the Government of Canada announced an additional $15 million in funding to the Women Entrepreneurship Strategy (WES). The money will go directly to select organizations that are currently WES Ecosystem Fund recipients to help women entrepreneurs through the COVID-19 pandemic. More information.
Canada-U.S. Border Closure Extended
Today it was announced the closure of the Canada-U.S. border would be extended an additional 30 days to June 21. The conditions of the closure remain unchanged, which bans non-essential travel.
World Health Organization Seeking COVID-19 In-Kind Equipment Donations
To aid with the global response to COVID-19, the WHO is seeking in-kind donations of medical equipment. If you are able to help, please complete the WHO’s questionnaire. Complete the questionnaire.
How We’re Helping Canadian Business
Teleconference: The Impact Of COVID-19 On The Travel, Tourism And Hospitality Sector
The travel, tourism and hospitality sector was among the first to feel the impact of COVID-19, but it will take the longest to recover. While federal government business supports are appreciated, consumer confidence will be the key to economic recovery in the long term. Join us on May 20 at 2:00 p.m. ET as we discuss the issues facing the travel, tourism and hospitality industry. This will be an opportunity to share feedback and concerns on policy developments in this sector. Register now.
A #TeamCanada Approach
Ahria Consulting, a member of the London Chamber of Commerce, is offering complimentary resources to help during the pandemic, including complimentary coaching and/or job search sessions. More information.
UTG Digital Media
With temperature checks likely to become commonplace in many offices and public buildings for the foreseeable future, an Ottawa-based digital media technology firm says it has engineered a novel way to make the screening process more efficient. Last week, UTG Digital Media launched a touchless digital display screen that can take a person’s temperature in a matter of seconds and sound an alert if someone has a fever. More information.
CWB Financial surprised 200 Real Canadian Superstore employees in Edmonton with free meals to show appreciation for all their hard work throughout this pandemic. Watch the video.
Husky Energy is partnering with United Way to provide access to essential services, such as health supports, food security and shelter, for people affected by COVID-19 in the communities where it operates. Read more.
Nutrien employees in North America and Trinidad participated in a one-day #GivingTuesdayNow campaign where their charitable donations were double-matched by Nutrien. Nutrien and its employees donated a total of $416,872, supporting 366 causes.
If you know of a business that has taken steps to help Canadians through this pandemic, please contact us.