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LINKS TO INFORMATION AND RESOURCES FOR BUSINESSES DEALING WITH COVID-19

Updated Sunday, March 29, 2020

March 13, 2020 the Canadian government announced additional support to businesses by  establishing a Business Credit Availability Program. This program will allow the Business  Development Bank of Canada and Export Development Canada (EDC) to provide more than  $10 billion of additional support to businesses. 

March 17, 2020: Ontario Enacted Declaration of Emergency to Protect the Public.

March 20, 2020: Calling all suppliers – Help Canada combat Coronavirus disease (COVID-19) (click on the previous text to take you to the Government of Canada Procurement site, www.buyandsell.gc.ca)

March 21, 2020 1:00 P.M. TORONTO — The Ontario Government is launching Ontario Together, a new website that will help businesses and their employees work with the province to meet the challenges of COVID-19. This initiative will remove barriers allowing Ontario's manufacturing sector to redeploy capacity towards the production of essential equipment like ventilators, masks and swabs. (Click here to go to news release)

March 23, 2020 - Ontario Orders the Madatory Closure of All Non-Essential Workplaces to Fight Spread of COVID-19

https://news.ontario.ca/opo/en/2020/03/ontario-orders-the-mandatory-closure-of-all-non-essential-workplaces-to-fight-spread-of-covid-19.html

March 23, 2020 8:00 pm - Ontario issues Essential Workplacese List, Link below:

https://s3.amazonaws.com/files.news.ontario.ca/opo/en/2020/03/list-of-essential-workplaces-2.html

March 25, 2020 9:45 am - Stop the Spread - Ontario Business Information Line Now Open at 1-888-444-3659

Businesses who have questions about closures of at-risk workplaces or how emergency measures impact their business or employment can call the Stop the Spread Business Information Line with help available from Monday to Sunday, from 8:30 a.m.―5:00 p.m.

https://news.ontario.ca/opo/en/2020/03/stop-the-spread-business-information-line-now-open-at-1-888-444-3659.html?utm_source=ondemand&utm_medium=email&utm_campaign=p

March 25, 2020 10 pm - Renfrew County & District Health Unit Confirmed First Case of COVID-19 in Renfrew County

https://www.rcdhu.com/wp-content/uploads/2020/03/2020_March_25_COVID-19_Media-Release_Positive-Case_UpdatedCB.pdf Please take and practice social distancing seriously.

March 26, 2020 1 pm Ontario Provides $3.3 Billion More to Increase Health Care Capacity

Funding will add more beds, testing and protective equipment for frontline workers fighting COVID-19

March 27, 2020 9:21 am - The Bank of Canada cut its key interest target by half a percentage point to 0.25 per cent in an unscheduled rate announcement today.

March 27, 2020 12 pm - Prime Minister Announces Increased Support for Businesses:

  • Wage Subsidy Increased to 75%  from 10%,
  • the Canada Emergency Business Account. Banks will offer $40,000 guaranteed, interest-free loans for one year and, for businesses who meet certain conditions, the first $10,000 of that amount will be forgivable,
  • Additional $12.5 billion will be made available to Export Development Canada and the Business Development Bank of Canada to help SMEs with their cash flow requirements.
  • The government will defer GST, HST or duties on taxes on small business imports until June 2020. This will be equivalent to $30 billion in interest free loans. 

More Detials to come next week.

For businesses, planning, communicating and taking action effectively with staff, customers, suppliers and stakeholders can help to mitigate the potential negative impacts emanating from both the fear of and the spread of COVID-19.

Please exercise caution, noting that information continues to evolve as the situation unfolds. 

Key links for information regarding COVID-19:

The Information provided through these links may be updated frequently as more information becomes available.

For those that are afraid that they have been infected:

If you think you have 2019 novel coronavirus (COVID-19) symptoms or have been in close contact with someone who has it, use this self-assessment to help determine if you need to seek further care.

If you are having difficulty breathing or experiencing other severe symptoms, call 911 immediately. Advise them of your symptoms and travel history.

https://www.ontario.ca/page/2019-novel-coronavirus-covid-19-self-assessment


Supports For Businesses:

March 28, 2020 Ottawa Citizen: Carleton prof creates plain-language guide for getting government aid

Article: https://ottawacitizen.com/news/local-news/carleton-prof-creates-plain-language-guide-for-getting-government-aid/

Guide: https://t.co/jLgYqIXyGG?amp=1

On March 18, 2020 the Prime Minister announced Canada's economic response plan to COVID-19 (Click the image below)

March 25, 2020 4:00 pm Ontario's Action Plan: Responding to COVID-19

Media Release: https://news.ontario.ca/mof/en/2020/03/ontarios-action-plan-responding-to-covid-19.html

Local Resource:

 (COVID-19) Support for Small and Mid-Size Enterprises in Renfrew County that are impacted by the Coronavirus Pandemic

Other Resources:

The Trade Commissioner Service website is a good, concise source for information and other excellent links relating to what Canadian businesses need to know in response to the COVID-19 pandemic:

https://www.tradecommissioner.gc.ca/campaign-campagne/ressources-entreprises-COVID-19-business-resources.aspx?lang=eng

  • Ontario drafting new legislation to support employees and businesses with the effects of COVID-19

Businesses are encouraged to contact Service Canada at 1-800-622-6232 for more information on additional government support available.

Further announcements are expected which should give more details about support programs for businesses.

It would be prudent to track any and all costs incurred as a direct result of this pandemic, i.e. costs due to cancellations, performance penalties, etc. As well, track any reductions in business/sales and employee impacts that can be attributed to the COVID-19 pandemic. This in case support/assistance programs from the government require authentication.