Today’s Top Story
Contribute To The Canada Emergency Wage Subsidy (CEWS) Consultation
The Government of Canada is reviewing the CEWS program, and input from businesses is required to inform potential changes to the program to best meet the needs of businesses and their staff. You can participate via a short online survey or by email. Deadline to participate is June 5, 2020. More information.
The Business Of Business: Resources Available For Small Businesses With Facebook
In this episode of The Business of Business, our President and CEO, Perrin Beatty and Garrick Tiplady, Managing Director of Facebook Canada, discuss the resources that are available for small businesses during COVID-19 and how Facebook has shifted through this pandemic.
For Your Attention
Travel, Tourism And Hospitality Sector Last To Fully Recover From COVID-19
Our survey with Statistics Canada revealed that the travel, tourism and hospitality sector will be one of the last to fully recover as consumers face new, post-COVID, realities. The federal government has taken some action to help firms whose businesses are primarily seasonal through the form of a $1-billion regional relief fund. This funding will clearly help but, inevitably, businesses in this sector will require more targeted support. We are working to ensure they have the resources they need to get through this period of uncertainty. Read and watch more.
Facebook Canada Launches Grant Program And New Supports, Totalling Nearly $3.5 Million For Small Businesses
Small businesses are the pillars of our communities and, right now, they need everyone’s support. Today, Facebook Canada launched a program with nearly $3.5 million in support for small- and medium-sized businesses in the Ottawa-Gatineau, Toronto, Vancouver and Montreal regions. From grants and virtual training to enhanced resources and new product features, this is Facebook Canada’s way of giving a hand to those who give our communities so much. The deadline to apply for the grants is Tuesday, June 2.
Canada Revenue Agency Extends Filing Deadlines For Corporations And Trusts
The CRA has extended deadlines for T2 Corporate Income Tax Returns and T3 Trust Income Tax Returns that had been due in June, July or August. Those returns are now due September 1, 2020. As previously announced by CRA, any income tax balance due on or after March 18 and before September 1 is also now due by September 1, 2020.
Awards Dinners Postponed
Because of our concerns about the health and safety of our guests and the unknowns surrounding mass gatherings, we have decided to postpone both the International Business Leader of the Year Awards Dinner and the International Business Leader Lifetime Achievement Awards Dinner.
The International Business Leader of the Year Awards Dinner in honour of Barry Lorenzetti, President, CEO and Founder of BFL Canada, will be postponed to April 22, 2021. The dinner will be held at the Four Seasons Hotel in Montreal at 1430 rue de la Montagne.
The International Business Leader Lifetime Achievement Awards Dinner, celebrating the Hon. Hal Jackman, will be postponed to April 29, 2021. The dinner will be held at the Ritz-Carlton Hotel in Toronto at 181 Wellington Street West. The evening will feature special guest the Right. Hon. Brian Mulroney and a performance by Juno Award winner Measha Brueggergosman.
We hope to welcome you next year at these celebratory events honouring two great Canadians.
How We’re Helping Canadian Business
ICYMI: Hotline Open For SMEs, Not-For-Profits And Charities To Get Financial Advice
Through our Canadian Business Resilience Network, we are collaborating with the Government of Canada and EY, with support from CPA Canada and Imagine Canada, to launch the Business Resilience Service (BRS). The BRS is a hotline SMEs, not-for-profits and charities can call for free tax and accounting advice to help them navigate the pandemic. Advisors can answer questions about tax regulations and implications amid COVID-19, what government support programs best fit their circumstances as well as strategic considerations to support their recovery planning. Organizations can get help by calling 1-866-989-1080. More information.
A #TeamCanada Approach
RBC Future Launch has launched a new, online resource hub dedicated to youth-focused virtual programming and learning opportunities – RBC Future Launch at Home. With the COVID-19 pandemic continuing to affect schools, communities and available in-person programming for young people, RBC Future Launch is dedicated to ensuring youth across Canada have access to resources and tools that will help them navigate through this difficult time and exit the pandemic better prepared. Read more.
Mattamy and The Peter Gilgan Foundation have played leading roles in the community during the COVID-19 pandemic.
Mattamy globally sourced 60,000 KN-95 masks for its employees early in the crisis. Recognizing the more urgent need for PPE in the medical environment, the company donated these masks to hospitals in Ontario (six in Greater Toronto and four in Ottawa). The Peter Gilgan Foundation made a $3.2-million donation to Toronto’s St. Michael’s Hospital to fund a rapid expansion of its critical testing capacity. This donation was issued as a matching challenge, and more than a thousand Canadians answered the call, resulting in an additional $3 million raised.
The Peter Gilgan Foundation also donated $1.5 million to organizations dealing with some of the urgent needs emerging across Canada, including gifts to the Daily Bread Food Bank, the Second Harvest Food Bank, Ottawa Food Banks and Food Banks of Alberta.
If you know of a business that has taken steps to help Canadians through this pandemic, please contact us.