UPDATE OF COVID-19 (LAST UPDATE: 25 JUNE 20)

UPDATE: (JUNE 25) – Launch of the Canada Student Service Grant (CSSG) program and the I Want to Help platform. This program is part of the Government of Canada’s COVID-19 Economic Response Plan and a new support under the measures announced for students and youth.

The CSSG program will run from June 25, 2020 until October 31, 2020 and will provide eligible post-secondary students and recent graduates the opportunity to serve their communities and receive a grant of between $1,000 and $5,000.

The I Want to Help platform will provide eligible post-secondary students and recent graduates access to volunteer service opportunities. Not-for-profit organizations will also be able to upload volunteer opportunities to this platform so that students can search and apply for opportunities in their communities.

More information about eligibility for post-secondary students and recent graduates and not-for-profit organizations offering placements is available at:

Link to News Release: https://pm.gc.ca/en/news/news-releases/2020/06/25/prime-minister-announces-support-students-serving-their-communities

Link to Backgrounder: https://pm.gc.ca/en/news/backgrounders/2020/06/25/canada-student-service-grant

Students and not-for-profit organizations who have questions can contact support@iwanttohelp.org or 1-833-521-0117.

UPDATE: (JUNE 19) – Minister Morneau tweeted to advise last evening that the expanded CEBA will not go into effect today as planned.

Stay Tuned – we will be sure to send an update when available.

 

 

 

 

 

 

 

 

 

UPDATE: (JUNE 16) – 1. The government of Canada has announced that the CERB benefit will be extended an additional 8 weeks.

2. The Us-Canada Border will remain closed until July 21st

More info can be found here: https://pm.gc.ca/en/news/news-releases/2020/06/16/prime-minister-announces-extension-canada-emergency-response-benefit

UPDATE: (JUNE 15) – Changes to Canada Emergency Business Account (CEBA) Come into Effect on Friday, June 19, 2020

https://www.canada.ca/en/department-finance/news/2020/06/more-small-businesses-can-soon-access-the-canada-emergency-business-account.html

UPDATE: (JUNE 8) – Effective June 12th, our government will ease the following restrictions:

– Increase social gatherings from 5 to 10 ppl

– Places of worship can open at 30% capacity 

– Regional-based reopening (Phase 2, Stage 2)

Learn more: https://news.ontario.ca/opo/en/2020/06/ontario-permits-more-businesses-and-services-to-reopen-in-the-coming-days.html

UPDATE: (JUNE 8) – Changes to travel restrictions for immediate family members of Canadian citizens and permanent residents. (From: Canada Border Services Agency)

Source: https://www.canada.ca/en/border-services-agency/news/2020/06/changes-to-travel-restrictions-for-immediate-family-members-of-canadian-citizens-and-permanent-residents.html

The Government of Canada remains committed to protecting the health and safety of Canadians and reducing the spread of COVID-19 in Canada.  The Government recognizes however that the temporary border measures put in place to fight the spread of COVID-19, while necessary, have created challenges for some families.

The Government has therefore been looking at ways to keep families together and support unity while respecting the need for continued vigilance and border measures at this time.

The Canada Border Services Agency is announcing that as of June 8, 2020 23:59 EDT, foreign nationals who are immediate family members of Canadian citizens and permanent residents, and who do not have COVID-19 or exhibit any signs or symptoms of COVID-19, or who do not have reason to believe they have COVID-19, will be exempt from the prohibition on entry to Canada if entering to be with an immediate family member for a period of at least 15 days.

Foreign nationals who are admitted into Canada pursuant to this exemption must quarantine for 14 days.

An immediate family member refers to a person’s:

  1. a)      spouse or common-law partner;
  2. b)      dependent child, as defined in section 2 of the Immigration and Refugee Protection Regulations, or a dependent child of the person’s spouse or common-law partner;
  3. c)      dependent child, as defined in section 2 of the Immigration and Refugee Protection Regulations, of a dependent child referred to in paragraph (b):
  4. d)      parent or step-parent or the parent or step-parent of the person’s spouse or common-law partner;
  5. e)      guardian or tutor.

All foreign nationals who have COVID-19 or exhibit any signs or symptoms of COVID-19 continue to remain prohibited from entering Canada.

This change does not apply to immediate family members of temporary residents in Canada, such as those on a student or work visa.

Quick Facts

  • All persons entering Canada – no matter their country of origin or mode of entry – must isolate themselves for 14 days if they have symptoms of or confirmed COVID-19 or quarantine themselves for 14 days if they do not have symptoms of COVID-19.
  • Asymptomatic foreign national immediate family members of Canadian citizens and permanent residents who intend to stay in Canada for 14 days or less may still enter Canada as long as their entry is not for a purpose that is discretionary and, if seeking entry from the United States, are able to comply with the requirement to quarantine based on their purpose of travel and intended length of stay.
  • The temporary restriction on all discretionary/optional travel at the Canada-U.S. border put in place on March 21 at 12:01 a.m. EDT continues. This restriction is in place until at least June 21, 2020.
  • Canadian citizens, permanent residents and Registered Indians under the Indian Act can continue to enter Canada by right, and are subject to COVID-19 entry screening measures.
  • The immediate family member will need to confirm that they have a suitable place to quarantine for 14 days where they will have access to basic necessities (such as food and medication) and not have contact with vulnerable people, such as adults aged 65 years or over and people with pre-existing medical conditions, unless the vulnerable person is a consenting adult or is the parent or minor in a parent-minor relationship. Travellers will be expected to make plans for where they will quarantine in advance of arriving to Canada.
  • Travellers should consult the respective  provincial/territorial websites to ensure that they are aware of the provincial/territorial entry, quarantine and public health requirements and can abide by those requirements.
  • As of March 31, 2020, anyone arriving in Canada in any mode (air, land or marine) must provide their contact information to a border services officer when seeking entry. This information is collected on behalf of Public Health Agency of Canada to support their compliance and enforcement of the 14-day quarantine or isolation requirement outlined in Order in Council 2020-0260. Travellers are encouraged to download the mobile ArriveCAN App prior to arrival to reduce wait times and limit contact at the border. The App is available on the Apple App and Google Play stores.

UPDATE: (JUNE 4) – Payment for Seniors – Date of Issuance Announced Today

https://pm.gc.ca/en/news/news-releases/2020/06/04/canadian-seniors-receive-special-payment-early-july

UPDATE: (JUNE 1) – Seniors – One Time Tax Free Payment to issue as soon as possible – Source
https://www.canada.ca/en/services/benefits/publicpensions/notice-covid-19/one-time-payment.html

We will endeavor to provide another update when we have learned of the payment date.  You are receiving this email as you have indicated an interest in Seniors Initiatives, if at any time you would no longer like to receive updates, please reply to this email.

One-time tax-free payment for seniors

From: Employment and Social Development Canada

You do not have to apply for the additional support. You will receive the payment as soon as possible.

The payment for seniors provides support through a one-time payment:

  • $300 for seniors eligible for the Old Age Security pension, and
  • an additional $200 for seniors eligible for the Guaranteed Income Supplement

This measure will give a total of $500 to seniors who receive both the Old Age Security pension and the Guaranteed Income Supplement, and will help them cover increased costs caused by COVID-19.

Eligibility

The one-time payment for seniors is available to individuals who are eligible to receive the Old Age Security pension or the Guaranteed Income Supplement in June 2020.

How to apply

You do not have to apply. All individuals who are eligible to receive the Old Age Security pension or the Guaranteed Income Supplement in June 2020 will receive the one-time payment for seniors.

Date of payment

The payment will issue as soon as possible.

Method of payment

The one-time payment for seniors will be paid to your bank account if you are enrolled for Direct Deposit.  If you are not enrolled for Direct Deposit, you will receive a cheque.

We encourage recipients of the Old Age Security pension and the Guaranteed Income Supplement who currently receive monthly payments by cheque to sign up for direct deposit to avoid payment delays.

Payment amount

Everyone will receive one payment.

If you only receive the Old Age Security pension, you will receive a single payment of $300.

If you receive the Old Age Security pension and the Guaranteed Income Supplement, you will receive a single payment of $500.

If you receive the Allowance or the Allowance for the Survivor, you will receive a single payment of $500.

Spouse and common-law partner

You and your spouse or common-law partner will each receive $500 if you are both receiving the Guaranteed Income Supplement.

For couples where one partner receives the Guaranteed Income Supplement and one partner (between the age of 60 and 64) receives the Allowance, the partner receiving the Guaranteed Income Supplement will receive $500 and the partner receiving the Allowance will receive $500.

Allowance for the Survivor

Recipients of the Allowance for the Survivor will receive the $500 for the Guaranteed Income Supplement.

Non-taxable payment

The one-time payment for seniors is non-taxable. You will receive the full amount (no withholds). You will not receive a tax slip and you will not have to report this amount in your 2020 tax return.

Visit the Full Canada Economic Response Plan for Seniors at:
https://www.canada.ca/en/department-finance/economic-response-plan.html#individuals

  • Reduced minimum withdrawals for Registered Retirement Income Funds

We reduced the required minimum withdrawals from Registered Retirement Income Funds (RRIFs) by 25 per cent for 2020.

  • Supporting the delivery of items and personal outreach

We are contributing $9 million through United Way Canada for local organizations to support practical services to Canadian seniors. These services could include the delivery of groceries, medications, or other needed items, or personal outreach to assess individuals’ needs and connect them to community supports.

United Way for the City of Kawartha Lakes is now accepting applications for the Emergency Community Support Fund to help charities and non-profit organizations serve and support vulnerable Canadians during the COVID-19 pandemic.

  • Providing immediate and essential services to seniors

We are expanding the New Horizons for Seniors Program with an additional investment of $20 million to support organizations that offer community-based projects that reduce isolation, improve the quality of life of seniors, and help them maintain a social support network.

For all organizations who received funding under the 2019-2020 New Horizons for Seniors Program community-based stream, funding can be used to provide immediate and essential services to seniors impacted by COVID-19.

  • Temporarily extending the Guaranteed Income Supplement and Allowance payments to ensure there will not be interruptions in payment in July, where income from 2019 tax returns are not yet available.

UPDATE: (MAY 19) – CEBA program will be expanded to include sole proprietors (owner operators), dividend earners, and business owners employing contractors.

Please see the official press release for more information/clarification: https://pm.gc.ca/en/news/news-releases/2020/05/19/prime-minister-announces-expansion-support-workers-and-small

UPDATE: (MAY 12) – The Government of Canada has announced a financial support program for seniors. This plan includes;

– Expanding the New Horizons for Seniors Program with an additional investment of $20 million to support organizations that offer community-based projects that reduce isolation, improve the quality of life of seniors, and help them maintain a social support network

– One-time tax-free payment to eligible seniors:
$300 for Old Age Security (OAS) pension eligible seniors
$200 for Guaranteed Income Supplement (GIS) eligible seniors

– Temporary extension of Guaranteed Income Supplement/ Allowance payments if seniors’ 2019 income information has not been assessed. To avoid an interruption in benefits, seniors are encouraged to submit their 2019 income information as soon as possible and no later than by October 1, 2020.

UPDATE: (MAY 5) – Today, the government announced $252 million in funding for the agriculture sector. The funding includes:

  • Creating a $77.5 million Emergency Processing Fund to help food producers access more personal protective equipment (PPE), adapt to health protocols, automate or modernize their facilities, processes, and operations, and respond to emerging pressures from COVID-19 so they can better supply Canadians with food during this period.
  • Launching a national AgriRecovery initiative of up to $125 million in funding to help producers faced with additional costs incurred by COVID-19. This includes set-asides for cattle and hog management programs to manage livestock backed-up on farms, due to the temporary closure of food processing plants. This new federal funding will help beef and pork producers and processors adapt to a changing market, and help farmers and ranchers keep their animals longer before marketing.
  • Announcing the intention to increase the Canadian Dairy Commission’s borrowing limit by $200 million to support costs associated with the temporary storage of cheese and butter to avoid food waste. The government will work with opposition parties to achieve the required legislative change.
  • Launching a first-ever Surplus Food Purchase Program with an initial $50 million fund designed to help redistribute existing and unsold inventories, which could include products such as potatoes and poultry, to local food organizations who are serving vulnerable Canadians.
  • Working with provinces and territories to increase interim payments from 50 per cent to 75 per cent through AgriStability, a federal, provincial and territorial program that supports producers who face significant revenue declines. This change has already been enacted in some provinces.
  • Working with provinces and territories to explore possibilities for expanding the AgriInsurance program to include labour shortages as an eligible risk for the horticulture sector. This work with provincial and territorial partners would insure against lost production due to an insufficient workforce, should producers be unable to find enough labour to harvest.

UPDATE: (APRIL 30) – Canada Mortgage and Housing have provided a web form to be completed this will allow them to keep anyone interested in the Canada Emergency Commercial Rent Assistance (CECRA) Program up to date for the application intake – https://www.cmhc-schl.gc.ca/en/finance-and-investing/covid19-cecra-small-business

UPDATE: (APRIL 22) – Today the Prime Minster announced: Details on the new Canada Emergency Student Benefit: 1,250 a month from May to August. If you take care of someone else or have a disability 1,750 each month. Applies to post-secondary school in school now, those headed there in Sept or if you graduated in Dec 2019. For students who have a job, they are eligible if they make 1000 a month or less.
Benefit will kick in May 1st with payments via CRA.

Government is also creating the Student Service Grant, saying students who volunteer to help fight COVID-19 will be eligible for a 1000-1500 payment depending on the hours.

More details to come.

UPDATE: (APRIL 21) – A new calculator is being launched on the Canada Revenue Agency (CRAs) website to help businesses determine how much they will be able to claim through the wage subsidy program. Employers will be able to apply as of Monday, April 27 for the 75 per cent salary top-up to keep staff on the payroll. Until then, business are invited to updated their business profile on the CRA website. The wage subsidy program passed Parliament on April 11, and will provide up to $847 a week per employee for 12 weeks, retroactive to March 15, for companies big and small as well as charities.

The federal government is setting up a $350 million Emergency Community Support Fund to help charities and non-profits keep up their work assisting Canada’s most vulnerable through the COVID-19 pandemic. The new funding will go to small front-line organizations, as well as larger national groups. More details to come.

UPDATE: (APRIL 17) – Government of Canada COVID-19 FAQ Updated. (See below)

UPDATE: (APRIL 16) – Today Prime Minister Trudeau announced expansions to the Canada Emergency Business Account.

The account will be available to any business that spent between $20,000 – $1.5 million on payroll. More details will be announced soon.

The Prime Minister also announced there will be new help for small businesses when it comes to commercial rent for May and June. This still needs to be arranged with provincial premiers, as rents are provincial responsibility.

Please DOWNLOAD a useful working document on the COVID-19 response (CLICK HERE)

UPDATE: (APRIL 15) – IMPORTANT INFORMATION FROM THE ONTARIO PROVINCIAL GOVERNMENT

On the advice of the Chief Medical Officer of Health and with the approval of the Ontario legislature, the Ontario government is extending the Declaration of Emergency under the Emergency Management and Civil Protection Act for a further 28 days.

This will allow the government to continue to use every tool at its disposal to protect the health and safety of the people of Ontario during the COVID-19 pandemic.

For more information visit https://news.ontario.ca/opo/en/2020/04/ontario-extends-declaration-of-emergency-to-continue-the-fight-against-covid-19.html?fbclid=IwAR3RiYeHXgume56mrNAUBYYf_JwgC6-WnpXYt628DD16z5VWWBVB80JHbVU

UPDATE: (APRIL 14) –The federal government announced that effective at midnight, any Canadian who returns from abroad and is not able to explain a “credible quarantine plan” will be required to quarantine in a location determined by the government, such as a hotel. Self-isolation for a minimum 14-day period is legally required, with stiff penalties for non-compliance.

UPDATE: (APRIL 2) – Apply for Canada Emergency Response Benefit (CERB) with CRA at the following link:

https://www.canada.ca/en/revenue-agency/services/benefits/apply-for-cerb-with-cra.html

UPDATE: (APRIL 1) – While details are just emerging from Minister Morneau’s announcement, here is what we know so far: 

April 1, 2020 Minister Bill Morneau announcement on the Wage Subsidy

New – Employer must reapply each month to the Wage Subsidy Program through an online Canada Revenue Agency portal to be established within the next several weeks (6 wks).

  • 75% of wages up to a maximum of $58, 700.00 –  $847.00 per week per employee
  • Asking employers to attest to payment of the remaining 25%
  • 30% decline in revenue for March / April / May calculating the decline using the same month last year
  • For example – If you are applying for March 2020 you will ensure a 30% decline from March 2019

https://www.canada.ca/en/department-finance/economic-response-plan.html

UPDATE: (MARCH 27) – New for Businesses 

Wage Subsidy Increased for Employers from 10% to 75% backdated to March 15, 2020

Canada Emergency Business Account – Interest Free First Year of a Loan up to $40,000 with a potential for a $10, 000 forgivable portion

Deferred HST/GST payments and duty on imports until June 2020. Additional measures coming soon.

Watch for Updates & Application Details https://www.canada.ca/en/department-finance/economic-response-plan.html

UPDATE: (MARCH 24) – Ontario Government releases list of Essential Businesses. (CLICK HERE TO VIEW)

UPDATE: (MARCH 23) – Ontario Government announces the mandatory closure of non-essential workplaces to slow COVID-19. More details to come

IMPORTANT INFORMATION FROM GLOBAL AFFAIRS – (CLICK TO DOWNLOAD PDF)

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Frequently Asked Questions on Government of Canada Programs in Response to COVID-19 (UPDATED APRIL 17TH)

Canada Emergency Response Benefit (CERB)

Q: If a small business owner pays their salary through a dividend, are they eligible for the Canada Emergency Response Benefit (CERB)?

  • Yes, as long as the dividends are non-eligible dividends.
    • Non-eligible dividends are dividends that are paid out of a Canadian-controlled private corporation that has been eligible for the small business deduction (lower corporate rate) as opposed to dividends that have been paid from a private corporation or a public corporation that is subject to higher corporate tax rates.
  • This counts toward the $5,000 income requirement to be eligible for CERB.

Q: Can an individual work or collect any income while collecting the Canada Emergency Response Benefit (CERB)?

  • Yes.
  • A worker can earn up to $1000 a month and retain CERB eligibility.
  • This $1000 includes employment income, self-employment income, tips, and royalties. It does not include Pensions or student loans.

Q: I applied for the CERB and received $4,000 dollars in one payment, what do I do?

  • There are several reports of overpayments across the country.
  • Many people were paid appropriately for two periods they were eligible for and the double payment was correct.
  • On Friday April 10th , Minister Qualtrough said that overpayment recipients must budget the money they received. It will act as an advance on their future CERB payment.

Q: Can I collect CERB if I lost my income but I currently collect CPP and OAS?

  • CPP and OAS are not income for the purposes of the CERB and if they meet all other eligibility criteria, they would be eligible.

Q: Will being on CERB affect future Maternity/Parental leave benefits?

  • No.
  • While being on EI regular benefits would reduce the amount of parental leave one could take in that same year, that reduction does not apply with CERB.

Q: Can I collect CERB if I was supposed to start a job but that job is not going to happen due to COVID?

  • Maybe.
  • If you have exhausted your regular EI benefits after December 29, 2019 and now cannot find work you may be eligible for CERB as long as you meet the other eligibility criteria.
  • FYI we maintain that this change is not in line with the law and should need a legislative change. However, currently the applications allow for this and so people should follow the rules and apply if they believe they are eligible.

Q: Can I collect CERB if I am not a citizen?

  • If you meet all other eligibility criteria.
  • The definition in the legislation is a worker residing in Canada, which the government has clarified to simply mean living and working here.

Q: Do I have to be laid off to collect CERB?

  • No.
  • If your employment income has been reduced to under $1000 due to COVID but you are still officially employed, you can be eligible.

Q: I would be making more than $500 a week on EI, but CERB only pays me $500. Can I get back on EI or get more money?

  • No.
  • Every EI applicant after March 15th will be on CERB, and that will mean some end up with less than they would receive on EI.
  • We have been aware of this since the beginning and Employment Shadow Minister Dan Albas has sent correspondence to the Minister asking for more information on this topic.
  • Those people who are EI eligible will be able to apply for EI after the CERB runs out as long as they are still unemployed.

Q: Can my employer top-up my income if I am collecting CERB?

  • Yes, under $1000.
  • You are allowed to earn up to $1000 a month and maintain CERB eligibility. Your employer can top up as long as it is under that threshold.

Q: I saw in the news that if you apply for CERB you will get it even if you aren’t eligible. Is that true?

  • The application for CERB requires you to attest to your eligibility.
  • The government will have powers to investigate after the fact to confirm eligibility and claw back money from people who should not have gotten it.
  • Willfully lying on the attestation is a violation of the law.

Canada Emergency Wage Subsidy (CEWS)

Q: Are small business owners, who pays themselves through dividends, eligible for the Canada Emergency Wage Subsidy (CEWS)?

  • They are not (as of April 15, 2020).
  • The Government has expressed an openness to make changes to the wage subsidy program.

Q: Is there a revenue threshold small businesses must have to qualify for the Canada Emergency Wage Subsidy?

  • No direct revenue threshold exists.
  • Demonstrating a 30% revenue decline is a requirement.

Q: If an employer wanted to only keep, for example 7 out of 10  employees; is that allowed under the program? Or do employers need to show that they are trying to keep all employees on payroll through the CEWS?

  • There is no requirement that an employer retain all of their employees to obtain the CEWS.
  • In the example, the CEWS would be available (assuming the conditions are met) in respect of the seven remaining employees.

Q: The language used in the CEWS backgrounder could lead innovative companies that receive government grants for scientific research and development (such as SR&ED) to believe that the CEWS will act as an “advance” for any assistance they receive from the government. Can you please clarify this?

  • The usual treatment of tax credits and other benefits provided by the government would apply. As a consequence, the wage subsidy received by an employer would be considered government assistance and be included in the employer’s taxable income.
  • Assistance received under either wage subsidy would reduce the amount of remuneration expenses eligible for other federal tax credits calculated on the same remuneration.
  • For example, if a researcher makes $ 1,000 per week and 750 is paid with the wage subsidy, only what is actually paid by the employer, or $250, can be subsidized by the SR&ED (therefore 15% of 250 for large companies or 35% for small).

Q: Can a business receive both the 10% wage subsidy and the 75% wage subsidy, for a total of 85%?

  • For employers that are eligible for both the Canada Emergency Wage Subsidy and the 10 per cent wage subsidy for a period, any benefit from the 10 per cent 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.

Q: How will the 75% wage subsidy be delivered?  Are you going to use the same mechanism for the 75% wage subsidy as for the 10% wage subsidy (i.e. deemed remittances)?

  • Eligible employers would be able to apply for the Canada Emergency Wage Subsidy through the Canada Revenue Agency’s My Business Account portal as well as a web-based application. Employers would have to keep records demonstrating their reduction in arm’s-length revenues and remuneration paid to employees. More details about the application process will be made available shortly.

Q: Will the Canadian Emergency Wage Subsidy work for farmers, ranchers, feedlot operators?

  • No special circumstances have been created for the agricultural sector.
  • The same eligibility applies. Eligible employers include individuals, taxable corporations, partnerships consisting of eligible employers, non-profit organizations and registered charities.

Q: If a small business closed because they’re considered non-essential and laid off employees, can they only benefit from CEBA, CERB and GST/HST tax remittances? The wage subsidy wouldn’t apply to them because they can’t re-open or sell online, correct?

  • They are still eligible for the wage subsidy. The policy rationale for the CEWS is to keep employers and employees connected for when the COVID-19 crisis ends. The Finance Minister’s message to employer’s was “get ready to rehire”.
  • CEWS eligibility criteria still fully applies.

Q: Will the wage subsidy program be available for Canadian employees of US based companies operating in Canada?

  • Yes.
  • Even though it is controlled by a non-Canadian, the employer (the Canadian corporation) should be fully taxable in Canada and is therefore an eligible employer.

Q: Do unincorporated businesses qualify for the wage subsidy?

  • Yes.
  • All eligibility requirements still apply.

Q: An ownership entity includes an aboriginal band and does not possess a taxable ID number, are they eligible for the wage subsidy?

  • They will not qualify for the wage subsidy.
  • As per the Department of Finance; any partnership of which a tax-exempt corporation owned by an Indigenous government is a member would not be eligible under the current program.”

Canada Emergency Business Account (CEBA)

Q: What are the eligibly criteria for businesses to apply?

  • The Borrower is a Canadian operating business in operation as of March 1, 2020.
  • The Borrower has a federal tax registration.
  • The Borrower’s total employment income paid in the 2019 calendar year was between Cdn.$20,000 and Cdn.$1,500,000. (changes to payroll criteria announced by PM Trudeau on April 16)
  • The Borrower has an active business chequing/operating account with the Lender, which is its primary financial institution. This account was opened on or prior to March 1, 2020 and was not in arrears on existing borrowing facilities, if applicable, with the Lender by 90 days or more as at March 1, 2020.
  • The Borrower has not previously used the Program and will not apply for support under the Program at any other financial institution.
  • The Borrower acknowledges its intention to continue to operate its business or to resume operations.
  • The Borrower agrees to participate in post-funding surveys conducted by the Government of Canada or any of its agents.

Q: Where do eligible businesses apply?

  • Small businesses and not-for-profits should contact their financial institution to apply for these loans.

Q: Do political office holders qualify for the CEBA?

  • Members of Parliament and provincial MLAs/MPPs/MNAs do not qualify for the CEBA.
  • The political officer holder exclusion criterion exists for anti-money laundering/conflict of interest purpose. This has unintended consequences for rural political office holders, who are only part-time and own a small business.
  • The Department of Finance has stated that they are aware of this problem and are looking into ways to address the issue.

Q: Do small businesses without a payroll qualify for the CEBA?

  • No.
  • This is a major concern with owner-operator (ie-the business is owned by the same person who is doing the day to day work); who do not have a payroll, do not take wages and leave 100% of revenues in the business.

Mortgages

Q: What is the Government doing on mortgages?

  • Canadian banks have committed to work with their customers on a case-by-case basis to find solutions to help them manage hardships caused by COVID-19. This includes permitting lenders to defer up to six monthly mortgage payments (interest and principal) for impacted borrowers. Canadians who are impacted by COVID-19 and experiencing financial hardship as a result should contact their financial institution regarding flexibility for a mortgage deferral. This gives flexibility to be available − when needed − to those who need it the most. You are encouraged to visit your bank’s website for the latest information, rather than calling or visiting a branch.
  • For more information, please visit your financial insinuation:

www.bmo.com/main/personal/bmo-branches-coronavirus-update

www.cibc.com/en/personal-banking/advice-centre/covid-19.html

www.nbc.ca/personal/notice.html

www.scotiabank.com/ca/en/personal/scotia-support/latest-updates.html

www.rbc.com/covid-19

www.td.com/ca/en/personal-banking/covid-19

Q: Shouldn’t the banks be working on pausing mortgage payments, interest free, until people are allowed to go back to work?

Q: I’m a landlord. My renters don’t have to pay rent during this crisis, but I still have to pay my mortgage. What are you doing to support landlords?

  • Landlord-tenant relations are regulated by provincial governments. Please contact your local provincial government representative for more information on resources for landlords during this crisis.