Support for Businesses During COVID-19

The Government of Canada is taking immediate, significant and decisive action to support Canadian businesses facing financial hardship as a result of the COVID-19 pandemic.

Government of Canada Economic Response Plan

Avoiding layoffs and rehiring employees

  • Canada Emergency Wage Subsidy (CEWS)
  • Temporary 10% Wage Subsidy
  • Extending the Work-Sharing program
  • Temporary changes to Canada Summer Jobs program

Access to credit

  • Business Credit Availability Program (BCAP)
  • Canada Emergency Business Account (CEBA)
  • Canada Emergency Commercial Rent Assistance (CECRA)
  • Rural businesses and communities
  • Assisting innovative and early-stage businesses
  • Young entrepreneurs
  • Businesses in the Territories
  • Small and medium-sized businesses unable to access other support measures

Deferred payments

  • More time to pay income taxes
  • Deferral of Sales Tax Remittance and Customs Duty Payments until June

Support for self-employed individuals

  • Canada Emergency Response Benefit (CERB)
  • Deferral of Sales Tax Remittance and Customs Duty Payments until June
  • More time to pay income taxes

Indigenous businesses

  • Funding for small and medium-sized Indigenous businesses, and Aboriginal Financial Institutions

In addition to the measure above, Indigenous peoples can also access benefits listed under Support for individuals and Support for businesses.

Supporting financial stability

  • Relief for federally regulated pension plan sponsors
  • Launching an Insured Mortgage Purchase Program
  • Bank of Canada's actions
  • Office of the Superintendent of Financial Institutions actions

Find the support you need for your business

Answer a few questions to get a personalized list of support

 

Support for sectors

Agriculture, agri-food, aquaculture, fisheries

Cultural, heritage and sports

  • Addressing the financial needs of cultural, heritage and sport organizations
  • Waiving payments for Part I licence fees

Air transportation

  • Continuing the supply of essential goods and services to remote and fly-in communities
  • Waiving ground lease rents

Tourism

  • Deferring payments on commercial leases and licenses of occupation

Energy

  • Cleaning up orphan and inactive oil and gas wells
  • Launching the Emissions Reduction Fund

Non-profit and charitable

  • Delivering essential services to those in need
 Government of Alberta Supports for Employers and Employees

 

 

Alberta's Relaunch Strategy

Premier Jason Kenney has released the Government of Alberta's Relaunch Strategy. Click here to see it

 

Alberta's Recreation Relaunch Guidelines

The Government of Alberta has provided guidelines for the recreation sector. They are available below;

 

Banks and Credit Unions 

Credit unions

  • Business members should contact their credit union directly to work out a plan for their personal situation

ATB Financial

  • ATB small business customers can:
    • apply for a payment deferral on loans and lines of credit for up to 6 months
    • access additional working capital for ATB customers
    • Other ATB business and agriculture customers can access support on a one-on-one basis. Further solutions are being considered at this time

 

Business Link 

Businesslink.ca has resources for small businesses related to COVID-19. They will update the website as new information and resources become available.

 

Economic Developers Alberta Needs Assessment Survey

The Economic Developers Alberta (EDA) has created an online survey to collect data on the impact of the COVID-19 pandemic to businesses, to ensure we all have the best and most relevant information possible. The primary goal is to identify immediate and emerging business needs and trends, in order to ensure all of our economic development partners, and key stakeholders are able to provide the best response possible. If you are a business owner and are interested in providing feedback, please take the survey here.

 

Institute for Sustainable Development

Tip sheet for Alberta Businesses and Community Leaders on addressing the Social and Economic Fall-Out from the Coronavirus. You can view it here.

 

Canadian Chamber of Commerce

The Canadian Chamber of Commerce will be launching a micro-site regarding COVID-19 and supports/resources available for Canadian small & medium-sized businesses. There are other resources currently available on the website as well as a COVID-19 related newsletter. 

 

Alberta Chamber of Commerce

The Alberta Chamber of Commerce provides a daily update regarding Provincial and Federal Government responses and news releases about the economic recovery plan for COIVD-19. 

 

Community Futures Peace Country

Community Futures Peace River has developed a radio advertising platform specifically for small businesses that are trying to move from walk-in traffic to delivery during this crisis. These advertising spots are free and are on a first-come, first-served basis and are open to up to 12 businesses only. Fill out the form and email it to admin@cfpeacecountry.com 

 

For more info, contact Community Futures Peace River at 780.624.1161

 

Canadian Business Resilience Network

In partnership with the Government of Canada, the Canadian Chamber of Commerce established the Canadian Business Resilience Network to help Canadian businesses navigate the COVID-19 reality and prepare for recovery. More information in the coming weeks.

 

CBNR Reopening Toolkit

This toolkit prepared by the Canadian Chamber of Commerce’s Canadian Business Resilience Network is designed to provide guidance, or access to guidance, for business owners and senior managers responsible for re-establishing their operations while ensuring the health and safety of operators, staff, customers and the general public is at the forefront.

 

City of Leduc Informative Guide

The City of Leduc has created a very handy and informative guide regarding business supports during COVID-19, check it out here.

 

 Updated May 20th, 2020

 

 

 

 

 

 

 

 

 

 

 

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