- Wage subsidy: As of today, the small business wage subsidy was increased to 75%. Eligible small employers will receive a wage subsidy for a period of three months. This is equal to up to 75% of remuneration paid during that period. Today’s announcement found here.
- Defer tax filing: Businesses can defer the payment of any income tax amounts that become owing on or after today and before September 2020. The government will not initiate any GST/HST or Income Tax audits for the next four weeks.
- Canada Emergency Response Benefit : Will provide $2,000 a month for 4 months for workers who have lost their income due to COVID-19. (This benefit replaces the two benefits announced last week) You qualify for the benefit whether you are full time, contract or self employed. Application portal will launch as soon as possible.
- Benefits for unemployed workers: Link found here.
- Corporate income tax: Corporate income tax balances and instalment payments will be deferred from March 19 until August 31, 2020 to increase employers’ access to cash so they can pay employees, address debts and continue operations.
- Education property tax deferral: Education property tax rates will be frozen at last year’s levels – reversing the 3.4 per cent population and inflation increase added in Budget 2020.
- Non-residential property tax: Collection of non-residential property tax for businesses will be deferred for six months. Municipalities are expected to set education property tax rates as they normally would, but defer collection. Deferred amounts will be repaid in future years. Commercial landlords are encouraged to pass savings on to their tenants through reduced or deferred payments to help employers pay their employees and stay in business. Businesses capable of paying their taxes in full are encouraged to do so. This will assist the province in supporting Albertans through the pandemic.
- WCB premium payment deferral: Small, medium and large private sector employers can defer WCB premium payments until 2021. For small and medium businesses, the government will cover 50 per cent of the 2020 premium when it is due in 2021 – saving businesses $350 million. Large employers will have their 2020 WCB premium payments deferred until 2021, at which time their premiums will be due. Employers who have already paid WCB premiums in 2020 are eligible for a rebate or credit.
- Resources for Canadian Businesses: https://www.alberta.ca/covid-19-support-for-employers.aspx
If you are an eatery and have food to donate, volunteers from this organization will pick up donations: Lourdes@rescuefood.ca. Donations will be delivered to service agencies and food insecure households.
News & Updates
New Restrictions Announced on Gatherings and Buisnesses
March 27, 2020
Enforcing measures to stop spread of COVID-19
March 25, 2020
Update 10: COVID Pandemic in Alberta
March 23, 2020
CDA Update: Support for Businesses
March 19, 2020
Premier Jason Kenney’s Update on COVID-19
March 18, 2020
Prime Minister Justin Trudeau announced Federal Support
March 18, 2020
An Important Message from the CDA
March 13, 2020
Resources & Information
Canada Emergency Response Benefit : (CERB)
How do you apply?
Trudeau said Thursday that the application process will open through the Canada Revenue Agency “as soon as possible.”
You’ll be able to apply through the CRA MyAccount secure portal, your secure My Service Canada Account or over the phone.
If you’ve already applied for EI and your application hasn’t been processed yet, you’ll automatically be applied for the CERB instead.
When can you expect your first payment?
Trudeau said Thursday that the first payment will come within 10 days of applying for the CERB.
The CERB will be paid out in a $2,000 lump sum every four weeks, for up to 16 weeks.
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