COVID-19 Small Business Resources

COVID-19 Small Business Resources

With so much uncertainty right now surrounding COVID-19, I have promised my clients that I would forward any information I  find regarding support for small businesses.  I  will comply and log any of this information here on this blog and update it as I find more information.

Please keep checking back for any information updates.

CERB - Canada Emergency Response Benefit

Relief for Self-Employed and Contract Workers not eligible for EI

I reached out to both our Federal and Provincial representatives for more information regarding Emergency support for Small Businesses that fall under the *Micro-Business category (see definition below).  As I have many clients that fall under the Micro-Business category, this information will help to access funds if needed.

The first to respond was from our MP Garnet Genuis’ office.  I was told that the Federal Government will be including businesses, contractors, self employed persons in this relief program.  Here is a snippet from the Canadian Emergency Relief Benefit website:

The CERB would cover Canadians who have lost their job, are sick, quarantined, or taking care of someone who is sick with COVID-19, as well as working parents who must stay home without pay to care for children who are sick or at home because of school and daycare closures. The CERB would apply to wage earners, as well as contract workers and self-employed individuals who would not otherwise be eligible for Employment Insurance (EI).

Here is the website that we all need to keep an eye on for more information as well as links to the application process once they release them in April.

https://www.canada.ca/en/department-finance/economic-response-plan/covid19-individuals.html

This link is where it explains in more detail the support for self-employed and contract workers:

https://www.canada.ca/en/department-finance/news/2020/03/introduces-canada-emergency-response-benefit-to-help-workers-and-businesses.html

Mr. Genuis’ office will let me know more info once they get clarification on a few more details and I will pass them on as soon as I can.

 

*All micro businesses are small businesses. The only difference is a micro business is a subset of the small business community based on the number of employees within the company. While your company can technically be considered a small business even if it has dozens of employees, your business is a micro business if you employ less than six people. If you are a sole trader, self-employed, or have no employees, you operate a micro business. There are other guidelines that can also define whether your company is micro or small. If your company required less than $50,000 to start or if your company does not access traditional capital loans, you are running a micro business.

More Resources

Government of Canada

Canada’s COVID-19 Economic Response Plan

The Government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak.

On March 18, 2020, the Prime Minister announced a new set of economic measures to help stabilize the economy during this challenging period. These measures, delivered as part of the Government of Canada’s COVID-19 Economic Response Plan, will provide up to $27 billion in direct support to Canadian workers and businesses.

To find all the government links for information for INDIVIDUALS  & BUSINESSES, Please CLICK HERE.

 

BDC (Business Development Bank of Canada)

Support for entrepreneurs impacted by the coronavirus COVID-19

The BDC, the Business Development Bank of Canada is the only financial institution devoted exclusively to entrepreneurs.

The BDC helps create and develop strong Canadian businesses through financing, advisory services and capital, with a focus on small and medium-sized enterprises.

For more information on how the BDC can support your business, please follow this link.

Provided by FreshBooks

COVID-19 Resources for Freelancers and Small Business Owners

Canada-Specific Information

GOVERNMENT ANNOUNCEMENTS

  • Canadian government outbreak update [Learn more]
  • Travel advisory update [Learn more]
  • Canadian economy support update [Learn more]
  • Resources for Canadian businesses [Learn more]
  • EI one-week waiting period has been waived for individuals infected with COVID-19 [Learn more]
  • Wage subsidy equal to 10% of employee wage to help prevent layoffs – in progress [Learn more]

Facebook Small Business Grants Program

Facebook Small Business Grants Program

We know that your business may be experiencing disruptions resulting from the global outbreak of COVID-19. We’ve heard that a little financial support can go a long way, so we are offering $100M in cash grants and ad credits to help during this challenging time.

Who’s eligible?

Facebook is offering $100M in cash grants and ad credits for up to 30,000 eligible small businesses in over 30 countries where we operate. We’ll share more details as they become available.

Click to go to Facebook for more info

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COVID-19 Small Business Resources

COVID-19 Small Business Resources

With so much uncertainty right now surrounding COVID-19, I have promised my clients that I would forward any information I  find regarding support for small businesses.  I  will comply and log any of this information here on this blog and update it as I find more information.

Please keep checking back for any information updates.

CERB - Canada Emergency Response Benefit

Relief for Self-Employed and Contract Workers not eligible for EI

I reached out to both our Federal and Provincial representatives for more information regarding Emergency support for Small Businesses that fall under the *Micro-Business category (see definition below).  As I have many clients that fall under the Micro-Business category, this information will help to access funds if needed.

The first to respond was from our MP Garnet Genuis’ office.  I was told that the Federal Government will be including businesses, contractors, self employed persons in this relief program.  Here is a snippet from the Canadian Emergency Relief Benefit website:

The CERB would cover Canadians who have lost their job, are sick, quarantined, or taking care of someone who is sick with COVID-19, as well as working parents who must stay home without pay to care for children who are sick or at home because of school and daycare closures. The CERB would apply to wage earners, as well as contract workers and self-employed individuals who would not otherwise be eligible for Employment Insurance (EI).

Here is the website that we all need to keep an eye on for more information as well as links to the application process once they release them in April.

https://www.canada.ca/en/department-finance/economic-response-plan/covid19-individuals.html

This link is where it explains in more detail the support for self-employed and contract workers:

https://www.canada.ca/en/department-finance/news/2020/03/introduces-canada-emergency-response-benefit-to-help-workers-and-businesses.html

Mr. Genuis’ office will let me know more info once they get clarification on a few more details and I will pass them on as soon as I can.

 

*All micro businesses are small businesses. The only difference is a micro business is a subset of the small business community based on the number of employees within the company. While your company can technically be considered a small business even if it has dozens of employees, your business is a micro business if you employ less than six people. If you are a sole trader, self-employed, or have no employees, you operate a micro business. There are other guidelines that can also define whether your company is micro or small. If your company required less than $50,000 to start or if your company does not access traditional capital loans, you are running a micro business.

More Resources

Government of Canada

Canada’s COVID-19 Economic Response Plan

The Government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak.

On March 18, 2020, the Prime Minister announced a new set of economic measures to help stabilize the economy during this challenging period. These measures, delivered as part of the Government of Canada’s COVID-19 Economic Response Plan, will provide up to $27 billion in direct support to Canadian workers and businesses.

To find all the government links for information for INDIVIDUALS  & BUSINESSES, Please CLICK HERE.

 

BDC (Business Development Bank of Canada)

Support for entrepreneurs impacted by the coronavirus COVID-19

The BDC, the Business Development Bank of Canada is the only financial institution devoted exclusively to entrepreneurs.

The BDC helps create and develop strong Canadian businesses through financing, advisory services and capital, with a focus on small and medium-sized enterprises.

For more information on how the BDC can support your business, please follow this link.

Provided by FreshBooks

COVID-19 Resources for Freelancers and Small Business Owners

Canada-Specific Information

GOVERNMENT ANNOUNCEMENTS

  • Canadian government outbreak update [Learn more]
  • Travel advisory update [Learn more]
  • Canadian economy support update [Learn more]
  • Resources for Canadian businesses [Learn more]
  • EI one-week waiting period has been waived for individuals infected with COVID-19 [Learn more]
  • Wage subsidy equal to 10% of employee wage to help prevent layoffs – in progress [Learn more]

Facebook Small Business Grants Program

Facebook Small Business Grants Program

We know that your business may be experiencing disruptions resulting from the global outbreak of COVID-19. We’ve heard that a little financial support can go a long way, so we are offering $100M in cash grants and ad credits to help during this challenging time.

Who’s eligible?

Facebook is offering $100M in cash grants and ad credits for up to 30,000 eligible small businesses in over 30 countries where we operate. We’ll share more details as they become available.

Click to go to Facebook for more info

Previous Post
Windows 7 Users Beware
Next Post
COVID-19 Social Distancing Decals

Related Posts

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