Link: Canada Recover Benefit
The Canada Recovery Benefit is the newly introduced replacement for the now defunct Canada Emergency Response Benefit. It replaces the CERB but only if a person is not eligible to be covered by their Employment Insurance.
The benefit pays out $1000 every two weeks, with tax deducted at source, for up to 26 weeks. As with CERB the application for CRB is through My Account and must be re-applied every two weeks.
Link: One-time tax-free payment for seniors
This one-time payment provides financial support to help you cover increased costs caused by COVID-19:
You do not have to apply. This payment will be issued as soon as possible.
Link: Canada United Small Business Relief Fund
Eligibility for the Relief Fund:
Even though the CERB has ended, the CRA is continuing to accept and process retroactive applications until December 2, 2020.
Periods 5 to 7: You can apply through the CRA’s My Account or automated toll-free phone line at 1-800-959-2019 or 1-800-959-2041.
Periods 1 to 4: You can apply by speaking to one of our agents at 1-800-232-1966. Please note that you may be required to provide additional documentation to the CRA prior to your application being approved.
Link: Canada Recovery Sickness Benefit
The CRSB is intended to support workers who are sick or must self-isolate for reasons related to COVID-19.
It will provide $500 per week (taxable, tax deducted at source) for up to a maximum of two weeks, for workers who are unable to work for at least 50% of the week because they contracted COVID-19, self-isolated for reasons related to COVID-19, or have underlying conditions, are undergoing treatments or have contracted other sicknesses that, in the opinion of a medical practitioner, nurse practitioner, person in authority, government or public health authority, would make them more susceptible to COVID-19.
This benefit will be paid in one-week periods.
There is a similar benefit for those who lose income because they are caring for a relative affected by COVID-19, it is called the Canada Recovery Caregiving Benefit
On March 18, 2020, the Prime Minister announced a temporary 10% wage subsidy. For employers that are eligible for both the Canada Emergency Wage Subsidy and the 10% wage subsidy for a period, any benefit from the 10% wage subsidy for remuneration paid in a specific period would generally reduce the amount available to be claimed under the Canada Emergency Wage Subsidy in that same period.
The proposed Canada Emergency Wage Subsidy would cover 75 per cent of salaries for qualifying businesses, for up to 3 months, retroactive to March 15, 2020. Employers of all sizes and across all sectors of the economy would be eligible with the exception of public sector entities.
This program is designed to help employers hardest hit by the COVID-19 pandemic to keep and retain workers. A special rule will apply to employees that do not deal at arm’s length with the employer.
Organizations that do not qualify for the Canada Emergency Wage Subsidy may qualify for the previously announced wage subsidy of 10 per cent of remuneration paid from March 18 to before June 20, 2020.
While schools and child care centres are closed, parents can apply for direct funding to offset the cost of buying materials to support their children’s learning, while they practice self-isolation and physical distancing.
Eligible parents will receive a one-time per child payment of:
This funding can help parents with the costs of work books, educational apps, educational subscription services, movies and other tools to support learning at home.
Parents refers to parents, guardians, and caregivers.
Applicants now have until June 30, 2021 to apply for a $60,000 CEBA loan or the $20,000 expansion at their financial institution.
The Canada Emergency Business Account (CEBA) provides interest-free, partially forgivable, loans of up to $60,000, to small businesses and not-for-profits, that have experienced diminished revenues due to COVID-19 but face ongoing non-deferrable costs, such as rent, utilities, insurance, taxes and wages.
We have recently expanded CEBA to include an additional interest-free $20,000 loan, 50% of which would be forgivable if repaid by December 31, 2022.
This means the additional loan effectively increases CEBA loans from the existing $40,000 to $60,000 for eligible businesses, of which a total of $20,000 will be forgiven if the balance of the loan is repaid by December 31, 2022.
Business owners can apply for support until June 30, 2021 through their banks and credit unions.
Starting at $10,000 for all eligible businesses, the grant provides businesses with funding to a maximum of $20,000 to help cover decreased revenue expected as a result of the Provincewide Shutdown.
The business must demonstrate they experienced a revenue decline of at least 20 per cent when comparing monthly revenue in April 2019 and April 2020. This time period was selected because it reflects the impact of the public health measures in spring 2020, and as such provides a representation of the possible impact of these latest measures on small businesses.
Businesses that are not eligible include essential businesses and those that were already required to close prior to the introduction of modified Stage 2 measures on October 10, 2020.
For questions regarding this grant please contact our office.
Eligible business which were subject to closure due to the province’s measure will receive a grant of $10,000.
Small business that qualify can expect to receive their payment beginning in February.
To receive the grant, a small business identified from the eligible list below must:
Eligible small businesses include:
before- and after- school programs.
Application will be opened in the coming weeks. Learn more below:
Government supporting eligible business with property tax and energy costs.
Eligible businesses required to close or reduce capacity due to the current public health measures put in place to blunt the spread of the Omicron variant of COVID-19 can apply for the new Ontario Business Costs Rebate Program
Through the new program, the government will provide eligible businesses with a rebate payment of up to 100 per cent for property tax and energy costs they incur while subject to these restrictions.
Businesses will be required to submit proof of costs associated with property tax and energy bills as part of the application process.
Following types of business are eligible for support:
Pet and veterinary services
Applications for the Ontario Business Costs Rebate Program will be available beginning January 18, 2022 and will be available for the period where businesses are subject to the provincially mandated capacity limits of 50 per cent or lower, or as otherwise announced by the Government of Ontario