Find a Business

Tuesday, 24 March 2020 08:49

COVID 19- Federal Government Resources for Small Business

The following is a message from our BIA's economic advisor at the City of Toronto

Hello everyone,

Hope you are all keeping safe in this crazy ever changing world that we are living in at the moment.

I know that a lot of information is being presented but I wanted to share with you some resources that may help your businesses access resources. The most inquiries I and my colleagues are receiving is regarding the wage subsidy for small business.

You can find more information about the wage subsidy program for business via the following link, which provides details about which businesses are eligible and how the subsidy can be applied:

https://www.canada.ca/en/revenue-agency/campaigns/covid-19-update/frequently-asked-questions-wage-subsidy-small-businesses.html?

I've also attached a document about other programs in the Federal Government's $82B COVID-19 stimulus package which may be of interest.

Given the fluid and unprecedented nature of the COVID-19 pandemic on the health and safety of Canadians and on our national economy, the Federal Government will continue to monitor economic indicators closely to see if additional stimulus measures can be implemented and I will pass any information along as/if  I receive it.

Stay safe!

Best

Sandi