As the week comes to a close, the procedures and information for both businesses and individuals to access the different levels of financial support have become clearer, however the situation can change as various agencies respond the most recent developments related to healthcare and the effects COVID-19 is having on our daily lives, and our economy.
The federal government’s COVID-19 Economic Response Plan is laid out by section here, for individuals, businesses, and industries.
For individuals, the most important task is to register for an online CRA account to apply for and receive benefits. Also remember to sign up for direct deposit, and have a cheque in front of you as you will need some numbers from it. The CRA has created this website to help navigate through the various programs (and this graphic on Facebook). Of note:
- Benefit and support payments, as well as info on deadlines an direct deposit;
- The temporary wage subsidy, including info for employers and an FAQ;
- General info on Employment Insurance.
The provincial government has also introduced a number of measures, including a request for businesses and suppliers to explore the supply chain, and take note of tax deferrals and changes. The Government of British Columbia’s Action Plan outlines many programs and benefits, including:
- The one-time $1000 Emergency Benefit for those who qualify;
- Emergency supports for those receiving income or disability assistance;
- Support for renters and landlords;
For businesses, we’ve rounded up a few links updated by provincial and national business and economic development organizations, including several that are actively working on advocacy for small to medium sized businesses:
- The BC Economic Development Association (Google doc);
- A handy guide from the Canadian Chamber of Commerce;
- Resources from the Tourism Industry Association of Canada;
- Updates from Destination BC;
Rounding out this update, info from the Indigenous Tourism Association of Canada, resources for artists and freelancers, free online training for hospitality and tourism from emerit, and tools for the wine industry to get the word out about BC Wine Month during April.
Don’t forget to support local! Visit Castanet for a list of shops and restaurants, and the “open for business” list from the Penticton Chamber of Commerce, Visit Penticton, and wineries with deliveries and special pick-up options from Wines of British Columbia.
NEXT UPDATE, MONDAY, APRIL 6