Today’s Top Stories
Schrodinger’s Labour Market: Canadian Chamber Comments On Job Figures
There is still a high level of uncertainty about how recovery will unfold. We will have to continue supporting individual Canadians and businesses so they can make it through the current economic turmoil, but we must also start planning to transition to a national stimulus strategy for recovery to get Canadians back to work as our economy re-opens.
For Your Attention
Webinar | Travel Insurance In The World Of COVID-19, With Johnson Insurance
The COVID-19 pandemic has greatly affected our ability to travel. Yet as restrictions are slowly lifted and lockdown measures decrease, travel constraints will ease up. Once travel is allowed, people will have questions about travel insurance. What am I covered for? Is my current travel insurance policy sufficient? Where can I go if I have further travel insurance questions? Join us on June 10 at 1:00 p.m. ET to find out!
CBRN Small Business Relief Fund
The application period for our Canadian Business Resilience Network Small Business Relief Fund opened Monday, June 1. We are offering grants to Canadian small businesses that have been adversely affected by the COVID-19 pandemic to help them recover and support their resilience. These grants are made possible through the generosity of Salesforce and will be offered as a one-time payment of $10,000 to 62 businesses across the country. Applications are open to businesses that are members of the associations and chambers that form the CBRN and are being accepted until Friday, June 12, 2020 at 8:00 p.m. ET.
Seniors To Receive Payment In Early July
Yesterday, the Government of Canada announced that seniors eligible for the Old Age Security (OAS) pension and the Guaranteed Income Supplement (GIS) will receive their special one-time, tax-free payment during the week of July 6. Seniors eligible for the OAS pension will receive a payment of $300 and those also eligible for the GIS will receive an additional $200, for a total of $500. Allowance recipients will also receive $500.
Government Announces One-Time Payment To Individuals Who Are Certificate Holders Of The Disability Tax Credit
The government today announced a one-time, tax-free payment to individuals who are certificate holders of the Disability Tax Credit as of June 1, 2020, as follows:
- $600 for Canadians with a valid Disability Tax Credit certificate.
- $300 for Canadians with a valid Disability Tax Credit certificate and who are eligible for the Old Age Security (OAS) pension.
- $100 for Canadians with a valid Disability Tax Credit certificate and who are eligible for the OAS pension and the Guaranteed Income Supplement (GIS).
Combined with the special payments of $300 for Canadians who are eligible for the OAS pension and the additional $200 for those eligible for the GIS, all seniors with a valid Disability Tax Credit certificate will receive a total of $600 in special payments. People who are eligible for this special payment will receive it automatically.
2020 G20 Recommendations For Promoting Innovation, Digital Technologies And Trade
Digital trade issues have taken on an added importance in the context of the COVID-19 economic recovery. We delivered a joint statement with our global partners in advance of the upcoming G20 Digital Ministers meeting to set out our priorities. Key areas include cross-border data flows, technology adoption and ensuring the benefits of technology are realized by all businesses and consumers alike.
Public Services and Procurement Canada (PSPC) has a requirement for face shields. The face shields must be made in accordance specifications listed in the request for proposal. These items will be delivered to Winnipeg, Manitoba. Firm quantity: five million, plus options.
Roadmap To Recovery
We launched Roadmap to Recovery this week, which lays out our plan to heal Canada’s economy. Roadmap to Recovery examines nine key challenges facing our economy and identifies 51 specific recommendations governments should adopt to overcome them. We prepared a toolkit with key messaging, social media posts and images to help you amplify these recommendations through your own channels.
Open Letter To The Prime Minister From The Six Largest Business Associations
As provinces and territories begin to reopen, Canada must prepare to transition to economic stimulus and getting Canadians back into the workforce while ensuring their health and safety. The goal should be to encourage investment and business activities that will generate federal and provincial/territorial revenue, thereby helping to offset the extraordinarily high levels of public spending required during the pandemic.
Business Resilience Service (BRS)
The BRS is a hotline that allows you to connect with experienced business advisors for free guidance on which government relief programs will be most appropriate to support your small- to medium-sized business, not-for-profit or charity, among other financial advice.
A New Support Program for SMEs From Canada Post
As part of Canada Post’s Think Small support program, from now until August 31, 2020, you can benefit from a quick, easy and cost-effective way to promote your business to your local community.
If you have a promotion you’d like to share, or if you just want to remind your neighbours that you’re open for business and ready to serve them, Canada Post is offering two direct mail promotional offers to help you do just that.
How We’re Helping Canadian Business
Watch Now! Webinar: Planning For Recovery
As the Canadian economy gradually reopens, business owners need to adapt their operations, ensure supply chains and manage their finances. We were joined by BDC Chief Economist Pierre Cléroux and BDC Advisory Services Executive Vice President Peter Lawler for a webinar to discuss what business owners should be doing as they ramp up operations and plan to reopen in the wake of COVID-19.