Today’s Top Story
Government Introduces Draft Regulations Providing Relief For Registered Pension Plans
On July 2 the government released draft regulations that would help employers who sponsor a Registered Pension Plan (RPP) or salary deferral leave plan for their employees to manage and maintain their benefit obligations through the pandemic. It will also assure employees who participate in salary deferral leave plans that suspending their leave of absence (e.g., via a recall to essential-service work), or deferring their scheduled leave for up to one year, will not put their plan at risk.
For Your Attention
Business Resilience Service (BRS) Hotline Closes Today
As businesses increasingly move into the reopening and recovery phases, the BRS is being wound down. We thank our partners in the accounting profession across Canada who facilitated this project (particularly EY, CPA Canada and Imagine Canada) along with the Government of Canada for their support. The BRS helped thousands of businesses navigate the pandemic. We’re proud of the impact this service was able to provide to help the Canadian business community.
Government Launches Calls For Proposals Under Two Forestry Programs
The Investments in Forest Industry Transformation (IFIT) program is to invest almost $83 million to bridge the gap between new product development and commercialization, and will ensure a more competitive and resilient forest sector. The Indigenous Forestry Initiative (IFI) is to invest almost $13 million to support Indigenous participation in forestry-related opportunities, businesses, careers and governance. The application process is now open and organizations are encouraged to apply on Natural Resources Canada’s website.
Free Upcoming Webinars
July 7 | Brave New World: Navigating The Crisis And Its Aftermath, With Desjardins
Join us and Jimmy Jean, a Macro Strategist with Desjardins Capital Markets, on July 7 at 1:00 p.m. ET to discuss:
- The COVID-19-induced economic crisis: where we stand and our view of the economic outlook
- Reopening our economy with a delicate new dual mandate: saving lives and livelihoods
- Until the vaccine: Adapting to a completely reconfigured economic landscape
- Policy solutions for the previous cycle will not work: the next expansion will require innovative thinking in Canada
- “Don’t let a good crisis go to waste”: the potential for a better society in the wake of COVID-19
July 8 | COVID-19: Technology Trends And Business Continuity, Hosted By Cisco
As many organizations transition through the initial disruption of a global pandemic, they are now reevaluating their digital transformation strategies to be able to meet customer needs and thrive long-term. Join Wayne Cuervo and Lisa Richardson from Cisco Canada on July 8 at 2:30 p.m. ET for a discussion on technology trends and applicable business outcomes across various industries. This webinar will be moderated by Ulrike Bahr-Gedalia, Senior Director – Digital Economy, Technology & Innovation at the Canadian Chamber of Commerce.
How We’re Helping Canadian Business
CBRN Small Business Relief Fund Grant Spotlight: Estevan’s Orpheum Theatre
Congratulations to the Orpheum Theatre, member of the Estevan Chamber of Commerce in Saskatchewan, for being awarded a $10,000 CBRN Small Business Relief Fund grant. “The Estevan Chamber recognizes that our business community has faced so many challenges over the past several months. We know that this $10,000 grant will never be enough to cover the loss that the Orpheum Theatre has experienced but hopefully it gave some relief and hope as they look to reopen,” said Jackie Wall, the executive director of the Estevan Chamber.
Global News Visits CBRN Small Business Relief Fund Grant Recipient MoCo Downtown
Global News New Brunswick visited MoCo Downtown, an Italian restaurant in Fredericton, New Brunswick, and recipient of a $10,000 grant from the CBRN Small Business Relief Fund, to hear how COVID-19 has affected their business and how the grant will help them stay resilient and recover.
A #TeamCanada Approach
Prioritizing Mental Health During COVID-19 Pandemic
Bell Let’s Talk announced new funding for five organizations delivering mental health supports to youth, families and communities in the COVID-19 crisis. The Canadian Red Cross and Bell Let’s Talk announced a $700,000 investment to help support the mental wellbeing of Canadians during COVID-19 with a significant expansion of the Friendly Calls program in communities with increased demand for mental health services.