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COVID-19: Feds announce a 75 percent rent reduction for small businesses impacted by the virus. Published April 24th, 2020 National Post Prime Minister Justin Trudeau has announced significant rent relief for businesses that can’t afford to pay their landlords at a time when their operations are shut down due to the COVID-19 pandemic. The federal help, expected to lower rent by 75 percent for affected small businesses, will be provided in partnership with the provinces and territories, which have jurisdiction over rents. The Canada Emergency Commercial Rent Assistance for small businesses will provide forgivable loans to qualifying commercial property owners...
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The government updated the CEWS website today, adding new information. To visit click here: https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-wage-subsidy.html.
Blog Post
Etail Canada is hosting a free online event – Digital Summit: Retail Disruption and the Future of eCommerce. The Summit runs on 4/22 &4/23 at 11:00 am ET and will be covering how the best in #retail are tackling current retail challenges and looking to the future! You can view the Agenda for the online event and register here: http://wbresear.ch/etaildigsummit Speakers include: Ana Guzman: Director of Loyalty and Customer Engagement at TGI Fridays Ramesh Ayyagari: Director of Digital Product Strategy at Ascena Brands Tim Lakin: Ecommerce Merchandising Manager at Skechers Rita Zahir: VP Digital Marketing at Goldthread Shelagh Stoneham: President at Power...
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Fundica has released a report with useful infographics that can help navigate the COVID-19 funding options. Although the report was released in Quebec there is very useful information in the report for all Canadian Businesses. Click here to view the report. Or follow the link on Fundica’s home page. Click here.
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Privacy Considerations When COVID-19 Identified In The Workplace originally published on 17 March 2020 by Stephen D. Burns and J. Sébastien Gittens – Bennett Jones LLP As organizations in Canada identify employees, contractors or guests in the workplace who are or may be carrying, or who may have been exposed to others who are or may be carrying, the novel coronavirus (COVID-19), they will need to consider how to collect, use and disclose personal information about these identified individuals in a privacy compliant manner. While the response to COVID-19 represents uncharted waters, the analytical framework to collect, use and disclose personal information remains the same—organizations seeking to use...
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COVID-19 Insurance Considerations: Is My Business Covered? Originally Published on by Justin M. Jakubiak – Fogler, Rubinoff LLP – 30 March 2020 On March 17, 2020 Ontario declared a state of emergency, along with Alberta, British Columbia and Prince Edward Island. Ontario has also ordered the closure of restaurants and bars and, along with Alberta, prohibited the gathering of more than 50 people in a number of venues. Prime Minister Trudeau has advised that the Federal Government is examining the Emergencies Act. All this to say, businesses across Ontario and Canada are bracing for real and substantial economic challenges during these...
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COVID-19 insurance scams appearing, may spread Originally Published on Sat, Mar 28th, 2020 08:15 am New York insurers urge consumers to be alert for warning signs Fake COVID-19 health coverage and other insurance schemes are being added to the scam mix as con artists exploit the pandemic for personal profit at consumer expense, warns the New York Alliance Against Insurance Fraud. Robocalls, plus text and email phishing attacks can pitch false insurance deals to consumers of all ages. These pitches may ask consumers to pay insurance premiums, without delivering coverage. COVID-19 insurance cons also can work to steal...
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** This is not legal advice. Please consult with counsel** Question from BWA Member: I can’t figure out if this subsidy allows employees to work or if it’s just money to stay home. Any way you can help? It seems like they can’t work but why the revenue percentage test then? If we are not working our revenue is zero! Our workload/demand is very reduced but I’d like to have employees work part-time on staggered days to keep paying some of the bills. Right now they are all sitting at home collecting cerb. This story is all over the news...
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In March, the federal government announced a $65 billion program to support Canadian businesses facing economic challenges due to COVID-19. The program provides financial solutions to entrepreneurs impacted by the crisis. Stay up-to-date on EDC’s efforts to minimize the impact this crisis is having on Canadian companies by visiting their website. In addition to financial solutions, they have economic updates, tools, and resources to help weather this pandemic. EDC has put together a list of top resources. Please share with your network: Our new webinar on April 16, COVID-19: Get financing and support for your business, a panel of experts will...
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