COVID-19 - Government Support Commitments & Policies - Summary of Government Support for Businesses Updated as of 30th March 2020 2020 Deloitte ...
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COVID-19 - Government Support Commitments & Policies Summary of Government Support for Businesses Updated as of 30th March 2020 ©2020 Deloitte LLP and affiliated entities 1
Context Governments across Canada are challenged to effectively support communities and businesses as the COVID-19 crisis unfolds. This document is a summary of key government announcements made related to government support to businesses by federal and provincial governments in response to the COVID-19 crisis. Commitments related to individuals and families are not captured in this document. The information herein is based on publicly available information and can be expected to change in coming days as governments provide further details on various commitments. This version is updated as of March 30th, 2020 at 6:02 PM. ©2020 Deloitte LLP and affiliated entities 2
Federal Government Announcements ©2020 Deloitte LLP and affiliated entities 3
Summary of Federal Government Announcements
COVID-19 Emergency Response Act (Bill C-13)
Bill C-13 has now passed through the Senate and it has also received Royal Assent.
Summary:
• Part 1 implements, as part of the response to the coronavirus disease 2019 (COVID-19), certain income tax measures by (a) introducing a one-time additional payment under the
GST/HST tax credit; (b) providing temporary additional amounts under the Canada Child Benefit; (c) reducing required minimal withdrawals from registered retirement income funds by
25% for 2020; and (d) providing eligible small employers a temporary wage subsidy for a period of three months.
• Part 2 enacts the Canada Emergency Response Benefit Act to authorize the making of income support payments to workers who suffer a loss of income for reasons related to the
coronavirus disease 2019.
• Part 3 enacts the Public Health Events of National Concern Payments Act, which authorizes payments to be made out of the Consolidated Revenue Fund in relation to public health events
of national concern. It also provides for the repeal of the Act on September 30, 2020.
• Part 4 amends the Canada Deposit Insurance Corporation Act to allow the Minister of Finance to increase the deposit insurance coverage limit until September 30, 2020.
• Part 5 amends the Canada Mortgage and Housing Corporation Act to authorize the Minister of Finance, with the approval of the Governor in Council, to make payments to the Canada
Mortgage and Housing Corporation out of the Consolidated Revenue Fund for the purpose of increasing the Corporation’s capital.
• Part 6 amends the Export Development Act to broaden the purposes for which Export Development Canada is established and to permit the Minister of Finance, until September 30, 2020,
to determine the amount of Export Development Canada’s authorized capital as well as the amount of certain limits applicable to Export Development Canada. It broadens the transactions
for which the Minister of International Trade, with the concurrence of the Minister of Finance, may grant an authorization. It also provides for the suspension of certain provisions of the
Export Development Canada Exercise of Certain Powers Regulations.
• Part 7 amends the Federal-Provincial Fiscal Arrangements Act to authorize additional payments to the provinces and territories for the fiscal year beginning on April 1, 2019.
• Part 8 amends Part IV of the Financial Administration Act to authorize the Minister of Finance, until September 30, 2020, to borrow money under that Act for certain payments without the
authorization of the Governor in Council, and it also amends that Part to extend the time for the tabling of the report on that Minister’s plans in relation to the management of the public
debt. It also amends Part IV.1 of that Act to authorize that Minister to make payments to an entity and to procure the incorporation of a corporation or establish an entity, other than a
corporation, for the purposes of promoting the stability or maintaining the efficiency of the financial system in Canada. Finally, it makes related amendments to the Borrowing Authority
Act and a consequential amendment to the Canada Deposit Insurance Corporation Act.
• Part 9 amends the Food and Drugs Act to, among other things, authorize the Governor in Council to make regulations (a) requiring persons to provide information to the Minister of
Health; and (b) preventing shortages of therapeutic products in Canada or alleviating those shortages or their effects, in order to protect human health.
• Part 10 amends the Canada Labour Code to, among other things, create a regime which provides for a leave related to COVID-19 of up to 16 weeks. It also amends that Act to provide
for the repeal of that regime and to provide for a quarantine leave under the medical leave regime.
©2020 Deloitte LLP and affiliated entities 4Summary of Federal Government Announcements
COVID-19 Emergency Response Act (Bill C-13) – Cont’d
• Part 11 amends the National Housing Act to increase, for a period of five years, the maximum total for the outstanding insured amounts of all insured loans.
• Part 12 amends the Patent Act to, among other things, provide that the Commissioner must, on the application of the Minister of Health, authorize the Government of Canada and any
person specified in the application to make, construct, use and sell a patented invention to the extent necessary to respond to a public health emergency that is a matter of national
concern.
• Part 13 amends the Canada Student Loans Act to provide that, during the period that begins on March 30, 2020 and ends on September 30, 2020, no interest is payable by a borrower on
a guaranteed student loan and no amount on account of principal or interest is required to be paid by the borrower.
• Part 14 amends the Farm Credit Canada Act to authorize the Minister of Finance to determine the limit on the amounts that the Minister of Finance may pay to Farm Credit Canada out of
the Consolidated Revenue Fund.
• Part 15 amends the Canada Student Financial Assistance Act to provide that, during the period that begins on March 30, 2020 and ends on September 30, 2020, no interest is payable by a
borrower on a student loan and no amount on account of principal or interest is required to be paid by the borrower.
• Part 16 amends the Business Development Bank of Canada Act to authorize the Minister of Finance to determine the limit on the aggregate of the paid-in capital — and any related
contributed surplus — of the Business Development Bank and any proceeds prescribed as equity.
• Part 17 amends the Apprentice Loans Act to provide that, during the period that begins on March 30, 2020 and ends on September 30, 2020, no interest is payable by a borrower on an
apprentice loan and no amount on account of principal or interest is required to be paid by a borrower.
• Division 1 of Part 18 amends the Employment Insurance Act to give the Minister of Employment and Social Development the power to make interim orders for the purpose of mitigating
the economic effects of COVID-19.
• Division 2 of Part 18 provides that every reference in any provision of the Employment Insurance Act and of regulations made under it to a certificate issued by a medical doctor or other
medical professional or medical practitioner or by a nurse practitioner is deemed to be of no effect and that any benefit that would have been payable to a claimant had such a certificate
been issued is payable to the claimant if the Canada Employment Insurance Commission is satisfied that the claimant is entitled to the benefit.
©2020 Deloitte LLP and affiliated entities 5Summary of Federal Government Announcements
Announcement Details Eligibility How to apply Website Additional comments
Extending Work-Sharing (WS) Program You are eligible to apply if your Applicants can https://www.c Work-Sharing (WS) is an adjustment
• Provides EI benefits to workers who agree to business has been directly or indirectly refer to the anada.ca/en/e program designed to help employers and
reduce their normal working hour as a result of affected by the downturn in the WS Applicant mployment- employees avoid layoffs when there is a
developments beyond the control of their forestry sector and if you: guide for the social- temporary reduction in the normal level of
temporary development/s business activity that is beyond the
employers, by extending the eligibility of such • Had a WS agreement that ended
special ervices/work- control of the employer. The measure
agreements to 76 weeks, easing eligibility between October 30, 2016 and July
measures for sharing/guide-
requirements, and streamlining the application 29, 2017; provides income support to employees
more information applicant.html
process. • Have a WS agreement that will be eligible for Employment Insurance
on how to
• Effective March 15, 2020 to March 14, 2021 signed between July 30, 2017 and complete the benefits who work a temporarily reduced
March 28, 2020 (with an agreement application work week while their employer recovers.
start date no later than March 29,
2020); or An application Work-Sharing is a three-party agreement
• Have a WS agreement that will for a Work- involving employers, employees and
begin or end between July 30, 2017 Sharing Service Canada. Employees on a Work-
and March 28, 2020. agreement must Sharing agreement must agree to a
be submitted reduced schedule of work and to share
a minimum of the available work over a specified period
Other eligibility requirements exist for 30 days prior to of time.
the following sectors: Forestry sector the requested
and Steel and aluminum sector start date.
Layoff
Prevention Providing small businesses with wage subsidies You are an eligible employer if your Pending update https://www.c Additional details will be updated on the
• The Temporary Wage Subsidy for Employers is a revenue has decreased by 30 percent or on the anada.ca/en/re Government of Canada webpage.
measure that will allow eligible employers to more due to the pandemic. Charities and Government of venue-
reduce the amount of payroll deductions required not-for-profit businesses are also able to Canada agency/campai
apply. webpage. gns/covid-19-
to be remitted to the Canada Revenue Agency
update/freque
(CRA).
ntly-asked-
• The federal government is launching a special questions-
emergency business account for small businesses The Temporary Wage Subsidy for wage-subsidy-
that will see banks offer $40,000 government- Employers is backdated to March 15 and small-
guaranteed loans interest-free for the first year. If will be on the first $58,700 earned, up to businesses.ht
certain conditions are met, the first $10,000 will be $847 per week. ml
forgiven.
• As well, an additional $12.5 billion is being made
available through federal programs, to help with
“operational cash flow requirements,” and HST and
GST payments are being deferred until June,
giving businesses more time to make their
payments.
©2020 Deloitte LLP and affiliated entities Please see appendix for summary of activity in Financial Crowns 6Summary of Federal Government Announcements
Announcement Details
Lowering the Domestic Stability Buffer
• The Office of the Superintendent of Financial Institutions (OSFI) announced it is lowering the Domestic Stability Buffer by 1.25% of risk-weighted assets, effective
immediately. This action will allow Canada’s large banks to inject $300 billion of additional lending in to the economy.
Access to Credit Cutting the interest rate
• The Bank of Canada also took a series of actions to support the Canadian economy during this period of economic stress, enhance the resilience of the Canadian financial
system, and help ensure that financial institutions can continue to extend credit to both households and businesses.
• This included cutting the interest rate to 0.75% as a proactive measure in light of the negative shocks to Canada’s economy arising from the COVID-19 pandemic and the
recent sharp drop in oil prices.
Insured Mortgage Purchase Program (IMPP)
• Under this program, the government will purchase up to $50 billion of insured mortgage pools through CMHC. This action will provide stable funding to banks and mortgage
lenders in order to ensure continued lending to Canadians.
• The IMPP enhances the already substantial set of measures announced on March 13 to support the economy and the financial system. CMHC stands ready to further support
liquidity and the stability of the financial markets through its mortgage funding programs as necessary.
• Further, the Bank of Canada has announced that it will adjust its market liquidity operations to maintain market functioning and credit availability during the current period of
uncertainty in which conditions are evolving rapidly.
Supporting Financial • The Bank of Canada also announced that it will broaden eligible collateral for its term repo facility to include the full range of collateral eligible under the Standing Liquidity
Market Liquidity Facility, with the exception of the non-mortgage loan portfolio. This expansion of eligible collateral will provide support to funding conditions for financial institutions by
providing a backstop to regular private funding.
• The Bank also announced that it stands ready, as a proactive measure, to provide support to the Canada Mortgage Bond (CMB) market so that this important funding market
continues to function well. This would include, as required, purchases of CMBs in the secondary market. Similar to the increase in Government of Canada bond buybacks, this
will support market liquidity and price discovery.
Additional time to pay income tax
• The Canada Revenue Agency will allow all businesses to defer, until after August 31, 2020, the payment of any income tax amounts that become owing on or after today and
before September 2020. This relief would apply to tax balances due, as well as instalments, under Part I of the Income Tax Act. No interest or penalties will accumulate on
these amounts during this period.
• The Canada Revenue Agency will not contact any small or medium (SME) businesses to initiate any post assessment GST/HST or Income Tax audits for the next four weeks.
Additional Flexibility For the vast majority of businesses, the Canada Revenue Agency will temporarily suspend audit interaction with taxpayers and representatives.
• The Liaison Officer service offers help to owners of small businesses to understand their tax obligations. Traditionally available in-person, this service is now available over
the phone and will be customizing information during these challenging times by ensuring small businesses are aware of any changes such as filing and payment deadlines,
proactive relief measures, etc.
©2020 Deloitte LLP and affiliated entities 7Summary of Federal Government Announcements
Announcement Details
Farm Credit Canada
• Farm Credit Canada will receive support from the Government of Canada that will allow for an additional $5 billion in lending capacity to producers,
agribusinesses, and food processors. This will offer increased flexibility to farmers who face cash flow issues and to processors who are impacted by lost
sales, helping them remain financially strong during this difficult time.
• In addition, all eligible farmers who have an outstanding Advance Payments Program (APP) loan due on or before April 30 will receive a Stay of Default,
allowing them an additional six months to repay the loan. This important measure, which represents $173 million in deferred loans, will help keep more
Farmers and Agri-Food money in farmers’ pockets during these critical months.
Businesses • The Stay of Default will also provide farmers the flexibility they need to manage their cash flow when facing lower prices or reduced marketing
opportunities. Applicable farmers who still have interest-free loans outstanding will have the opportunity to apply for an additional $100,000 interest-free
portion for 2020-2021, as long as their total APP advances remain under the $1 million cap.
• The government is changing the Canada Account so that the Minister of Finance would now be able to determine the limit of the Canada Account in order
to deal with exceptional circumstances.
• The Canada Account is administered by Export Development Canada (EDC) and is used by the government to support exporters when deemed to be in the
national interest. This will allow the government to provide additional support to Canadian companies through loans, guarantees or insurance policies
during these challenging times.
Canada Account Flexibility
©2020 Deloitte LLP and affiliated entities 8Alberta Announcements ©2020 Deloitte LLP and affiliated entities 9
Summary of Alberta Government Announcements
Announcement Details Eligibility How to apply Website Additional comments
• Corporate income tax balances and instalment All businesses N/A https://open.alberta.ca/d This relief measure was
payments will be deferred from March 19 until ataset/corporate- announced in response to the
Corporate August 31, 2020 to increase employers’ access to income-tax-special- current oil price shock and
Income Tax cash so they can pay employees, address debts notice-vol-5-no-56- economic impact of the COVID
Changes and continue operations deferral-of-corporate-
income-tax-payments
• Residential, farm and small commercial customers N/A https://www.alberta.ca/r N/A
can defer electricity and natural gas bill payments elease.cfm?xID=698455
Utility Payment for the next 90 days to ensure no one will be cut D70096B-DF57-A62A-
Holiday off, regardless of the service provider. 778266237F3241C8
Program for worker who must self-insolate Changes to the Employment Standards Code will allow full Further details will be https://www.alberta.ca/r Self employed individuals are not
• The leave covers the 14-day self-isolation period and part-time employees to take 14 days of job-protected available next week. elease.cfm?xID=698455 covered by this program, but
recommended by Alberta’s chief medical officer. leave if they are: D70096B-DF57-A62A- they represent one in six workers
This leave may be extended if the advice of the • required to self-isolate 778266237F3241C8 in Alberta (in 2016). As
Job-protected chief medical officer changes. The leave does not • caring for a child or dependent adult that is required to significant share is working in
Leave apply to self-employed individuals or contractors. self-isolate industries that are significantly
disrupted by the pandemic, they
To be eligible, employees: are facing greater financial risks.
• will not be required to have a medical note
• do not need to have worked for an employer for 90 days
Credit relief program N/A N/A https://www.alberta.ca/r N/A
ATB Financial customers impacted by COVID-19. elease.cfm?xID=698455
Personal banking customers can apply for a deferral on D70096B-DF57-A62A-
their ATB loans, lines of credit, and mortgages for up to 778266237F3241C8
six months.
ATB Financial • Small business customers, in addition to payment
deferrals on loans and lines of credit, will be
provided access to additional working capital.
• For other business and agriculture customers, ATB
will work with customers on a one-on-one basis and
further solutions are being considered at this time.
• Small, medium and large private sector employers For small and medium businesses, the government will Employers can apply through https://www.alberta.ca/c Employers who have already paid
can defer WCB premium payments until 2021. cover 50% of the 2020 premium when it is due in 2021 – the WCB webpage. ovid-19-support-for- WCB premiums in 2020 are
WCB Premium saving businesses $350 million. employers.aspx eligible for a rebate or credit.
Payment Large employers will have their 2020 WCB premium
Deferral payments deferred until 2021, at which time their
premiums will be due.
©2020 Deloitte LLP and affiliated entities 10Summary of Alberta Government Announcements
Announcement Details Eligibility How to apply Website Additional comments
Program for worker who must self-insolate Program for workers that are in self isolation mandated A registration form must be https://www.quebec.ca/e N/A
• The program, offered by the Government of Quebec by the Government of Canada, the Government of Quebec filled, upon which the n/family-and-support-
in partnership with the Canadian Red Cross, or another responsible authority: Government will verify the for-individuals/financial-
provides financial assistance to meet the needs of identity of the requester and assistance/temporary-
Temporary Aid workers who cannot earn all of their work income The worker is eligible to PATT COVID-19 if: study the cast. Once aid-for-workers-
for Workers and are not eligible for another financial assistance • Not receiving compensation from the employer accepted, the government program/#c46319
Program (PATT program. • Do not have private insurance will make a direct deposit on
COVID-19) • The lump-sum amount granted to an eligible • Not covered by another government program (federal the worker account.
person is $573 per week, for a period of 14 days or provincial)
of isolation. If justified by the state of health, the
coverage can be extended to a max of 28 days
Workers All workers and businesses with partnerships. N/A https://www.revenuqueb N/A
• The deadline to file income tax return has been ec.ca/en/covid-19-
extended do June 1, 2020. faq/?no_cache=1
• For installment payment, the June 15,2020
installment has been suspended until September
21, 2020/
Provincial Tax
Changes Businesses
• For partnerships that must file the Partnership
Information Return, the deadline of March 31, 2020
have been extended until May 1, 2020
• Deferral of income tax payments and installments
to August 31, 2020
Emergency funding for businesses For business operating in Quebec, incl. cooperative and • For businesses that are https://www.investquebe No protection for the business or
• This emergency funding measures provides ad hoc other social economy enterprises with commercial already IQ clients, c.com/quebec/en/financia other enterprises that are unable
and exceptional support for business affected by activities. Must show that their financial structure offers contact their account l-products/all-our- to show realistic prospect of
the repercussion of COVID-19. This measure is realistic prospect of profitability. manager. solutions/Concerted- profitability.
designed to shore up the business’s working capital. • For non IQ clients, temporary-action-
Concerted • A loan guarantee is the preferred form of Eligible projects: Business must show that their cash contact the financial program-for-
financing. Financing can also take the form of a flow issues are temporary and that the liquidity institution first. businesses.html
Temporary loan from Investissement Québec. shortage stems from:
Action • Investissement Québec aims to work in close • A problem involving the supply of raw material or Applications will be reviewed
Program for cooperation with financial institutions and federal products (G&S) on a case-by-case basis,
Businesses authorities in order to share risks • An inability, or substantially decreased ability to according to the business’s
• The minimum funding amount is $50,000 and deliver goods, products or services circumstances and
refinancing is prohibited. Investissement Québec’s
Eligible industries: Almost all industries (view link for management practices.
exceptions)
©2020 Deloitte LLP and affiliated entities 11British Columbia Announcements ©2020 Deloitte LLP and affiliated entities 12
Summary of British Columbia Government Announcements
Announcement Details Eligibility How to apply Website Additional comments
• Effective immediately, many provincial tax filing and payment Much of the relief is general N/A https://news.gov.bc.c Further details are likely to be
deadlines are deferred to Sept. 30, 2020. but some criteria apply for a/releases/2020PREM announced in coming days as
• Effective immediately, businesses with a payroll over $500,000 can certain measures, such as 0013-000545 this is from a new
defer their employer health tax payments until Sept. 30, 2020. the $500,000 payroll announcement this afternoon.
Businesses with a payroll under this threshold are already exempt threshold for deferred health
from the tax. tax payments.
• Payments for provincial sales tax (PST), employer health tax,
municipal and regional district tax, carbon tax, motor fuel tax and
tobacco tax are also deferred until Sept. 30, 2020.
Tax Support for • The scheduled April 1 increase to the carbon tax rate, and application
Businesses of PST to e-commerce transactions and sweetened and carbonated
drinks, will be delayed.
• Business and light- and major-industry property classes will see their
school tax cut in half. This will provide $500 million in immediate relief
for business that own their property and allow commercial landlords to
immediately pass savings on to their tenants in triple-net leases.
• Additional stimulus funding has been announced in the amount of N/A N/A N/A N/A
$1.5 billion to help particularly sensitive areas of the economy such as
Long-Term the tourism, hospitality, and culture industries. The detailed stimulus
Stimulus plan is currently being developed around this sum.
Funding
• To support non-profits, service delivery agencies and child care N/A N/A N/A N/A
providers, the Province will continue to provide funding even if these
agencies are closed or their regular operations have been disrupted.
Licensed child care providers staying open will receive enhanced
Non-Profit funding to keep operations going. These centers are eligible to receive
Support seven times their average monthly operating funding from
government, which is expected to cover approximately 75% of a
group facility's average monthly operating expenses.
©2020 Deloitte LLP and affiliated entities 13Manitoba Announcements ©2020 Deloitte LLP and affiliated entities 14
Summary of Manitoba Government Announcements
Announcement Details Eligibility How to apply Website Additional comments
The province will extend the April and May filing Must be a SME monthly List of all tax acts in https://news.gov.mb. COVID-19 Emergency
deadlines for small and medium-sized businesses remittances of no more than Province of Manitoba ca/news/?archive=&it Supplement to Budget 2020
em=47161
with monthly remittances of no more than $10,000. can be found: states of the $500 M from
$10,000. It is estimated this could help more https://www.gov.mb. feds, Manitoba has access to
than 20,000 businesses in Manitoba, the premier Applicable categories are (1) ca/finance/taxation/b $18 M in relief funding.
noted. Businesses will have up to two additional retail sales taxes; and (2) ulletins.html#retail.
months to remit retail sales taxes and the Health Health and Post Secondary The budget statement hasn’t
and Post Secondary Education Tax Levy, Education Tax Levy. Further information broken down how that
commonly called the payroll tax. regarding filing amount is to be allotted (i.e.
Tax Payment requirements will be between businesses and
The Ministry will work with
Filing “This extension gives small and medium available 3/24 on individuals).
businesses regarding flexible
Extension businesses a two month breather to deal with the Manitoba Tax
repayment options above the
COVID-19,” said Fielding. “This global pandemic $10,000 cap. Publications page on
is impacting all Manitobans and while we focus our the Finance Taxation
resources and energy on the health of website
Manitobans, we must be mindful of the financial at www.gov.mb.ca/fi
toll the pandemic is having on businesses and nance/taxation/bullet
families. Over 95 per cent of Manitoba business ins.html.
are small or medium sized, and they need
government support through this difficult time.”
All non-critical services must close April 1-14 in N/A N/A https://engagemb.ca/ Restaurants can deliver food
Manitoba to limit the spread of COVID-19. Any covid19-csp or prepare takeout if the
place that serves food is prohibited to do so on business ensures all people
the premises as of April 1. Affected businesses maintain physical distancing.
can operate remotely, as long as employees are
not working at the place of business. Bars, hair salons and
Non-Critical
Service massage therapy offices will
Closures close as well.
Grocery stores will remain
open.
©2020 Deloitte LLP and affiliated entities 15New Brunswick Announcements ©2020 Deloitte LLP and affiliated entities 16
Summary of New Brunswick Government Announcements
Announcement Details Eligibility How to apply Website Additional comments
Though business property taxes must be paid by Reviewed on a case-by-case basis. N/A https://www2.gnb.ca/con N/A
Waiving Late May 31, late penalties will be reviewed on a case-by- tent/gnb/en/gateways/fo
Penalties on case basis to see if the penalty can be waived due to r_business/covid19.html
Property Taxes undue financial challenges, such as having to close a
business due to COVID-19.
As an immediate measure, and on a case-by-case This assistance is available, on a case- The deferral can be requested https://www2.gnb.ca/con N/A
Deferring basis – the Government of New Brunswick will defer by-case basis, to any business that has by contacting the department tent/gnb/en/gateways/fo
Interest and loan and interest repayments for up to six months a loan with an existing Government of that issued the loan. r_business/covid19.html
Principal on existing provincial loans. New Brunswick department.
Payments on This support will enable businesses to have
Existing Loans: immediate relief if they are experiencing difficulties
as a result of COVID-19.
To support our small businesses, the Government of N/A Opportunities New Brunswick https://www2.gnb.ca/con N/A
New Brunswick will provide working capital to (ONB) will work with a trusted tent/gnb/en/gateways/fo
Support for Small support small businesses. Loans will help companies partner to administer the r_business/covid19.html
respond to challenges associated with COVID-19. application process.
Business
Loans will be up to $200,000. More details on application
process to be announced.
Opportunities New Brunswick will make available N/A Large employers will be able to https://www2.gnb.ca/con N/A
support mid-to-large sized employers. apply for this assistance directly tent/gnb/en/gateways/fo
Needed Working from Opportunities New r_business/covid19.html
Capital for Mid- ONB will also provide – upon request – working Brunswick. More details on
to-large capital in excess of $200,000 to help large application process to be
employers manage the impacts of COVID-19 on their
Employers announced.
operations.
WorkSafeNB has announced assessment premiums N/A N/A https://www.worksafenb. N/A
related to employer payrolls for March, April and May ca/about-us/news-and-
will be deferred for three months without interest events/news/2020/as-
charges. we-face-the-global-
WSNB Premium pandemic-of-covid-19-
Deferral worksafenb-defers-
premium-payments-for-
three-months-with-qa/
©2020 Deloitte LLP and affiliated entities 17Newfoundland & Labrador Announcements ©2020 Deloitte LLP and affiliated entities 18
Summary of Newfoundland & Labrador Government Announcements
Announcement Details Eligibility How to apply Website Additional comments
Starting March 14, 2020, anyone returning after Employers with employees in Details on the required https://www.gov.nl.c This program was
travelling outside the country is required to self- Newfoundland and Labrador documentation and a/releases/2020/exe announced March 14,
isolate for a period of 14 days upon their return to that have travelled outside the processes for reimbursement c/0314n02/ 2020, following the
Canada. The Provincial Government will provide country. to private sector employers Federal Government’s
compensation to private sector employers to ensure will be released in the advice March 13, 2020.
Only those individuals who are
continuation of pay for employees affected by this coming days. Employees
Provincial Self- scheduled to return to work
decision. should retain documents
Isolation within this period will be
regarding their travel (such
Compensation compensated. Anyone
as boarding passes) to
travelling outside of the
facilitate reimbursement.
country after March 14, 2020
will do so against public health
advice, and will not be eligible
for this compensation.
©2020 Deloitte LLP and affiliated entities 19Northwest Territories Announcements ©2020 Deloitte LLP and affiliated entities 20
Summary of Northwest Territories Government Announcements
Announcement Details Eligibility How to apply Website Additional comments
The GNWT has put together an initial economic relief package No details as of yet regarding support No details as of https://www.gov.n Allocation of $13 M unclear at this
valued at $13.2 Million dollars that will take effect to business owners and operators. yet re. support to t.ca/en/newsroom/ time.
immediately. This package is intended to work in concert with business owners northwest-
General federal incentives under Canada’s $27 billion COVID-19 and operators. territories-covid-
Emergency Economic Response Plan announced earlier this week. 19-economic-relief
Support In addition to this first wave of economic relief announced today
Package by the Minister of Finance and the Minister of Industry Tourism
and Investment and Infrastructure, the GNWT will continue to
identify other relief measures to assist territorial residents and
business owners and operators as we respond toCOVID-19.
Provide relief to northern supply chain businesses through a Eligible if you are a commercial truck N/A https://www.gov.n Will take some pressure off
removal of fees until the end of June for: operating in the territory; if you are a t.ca/en/newsroom/ logistics / supply chain
Supply Chain • Deh Cho Bridge tolls business using the Deh Cho Bridge, northwest- businesses.
Fee Reduction • Truck permits and if you’re using the airports in the territories-covid-
• Airport landing fees territory. 19-economic-relief
(1) BDIC - Working Capital Loans (1) To be eligible, business owners will (1) Application https://www.bdic.c (1) Loans of up to $25,000 (or
Offer low interest loans to businesses to help offset up to one need to reside in the NWT and will need Form available at: a/ more if needed) are being made
month of COVID-19 impacts. This will also be available to new to demonstrate financial need due to https://www.bdic. available to qualified NWT
BDIC clients. cash flow issues resulting from the ca/ businesses at a rate of 1.75% .
COVID-19 crises. Priority will be given Loans will be amortized for up to
(2) BDIC - Defer Loan Payments to businesses with fewer than 20 (2) List of five years with options
Allow for the deferral of any BDIC loan payments for a period of employees but the GNWT will consider regional offices, for payment deferment.
BDIC Relief up to three cumulative months, between April 1, 2020 and applications from businesses with up to to send requests
September 30, 2020, with no penalty or additional interest 50 employees. to:
charges. https://www.iti.g
(2) Businesses are automatically ov.nt.ca/en/regio
approved and not required to nal-offices
demonstrate financial hardship or
impacts resulting from the COVID-19
crises.
The Workers’ Safety and Compensation Commission (WSCC) Eligible if you owe WSCC assessment N/A https://www.wscc. In 2020, the average provisional
made the decision today to extend all Employer Assessment payments. nt.ca/news/employ assessment rate is $2.40 per $100
WSCC er-assessment-
Payments that were due on April 1. assessable payroll. Each employer
Assessment payments-due- will pay a specific amount based
Payments date-extended on their subclass (which is the
Extended group rate for their industry) and
the size of their payroll.
©2020 Deloitte LLP and affiliated entities 21Summary of Northwest Territories Government Announcements
Announcement Details Eligibility How to apply Website Additional comments
(1) Payment Terms for Vendors (1) Vendor Payment Terms –invoice N/A https://www.fin.gov.nt.c N/A
Allow small businesses and individuals to access cash submittal process the same as a/en/services/new-
flow more quickly by shortening the payment terms on before (through GNWT Finance) submitting-invoices
GNWT invoices so that they are paid out as soon as
possible. (2) Collections of GNWT –
collections owed by small
(2) GNWT Collections Policy businesses to the government, are
Provide small businesses and individuals with access to on hold.
greater cash flow during this crisis, by pausing most
collections efforts, including:
• Outside collection agency activity
• GNWT set-offs on GNWT payments
• GNWT set-offs on Canada Revenue Agency tax
refunds
Payment and
Collections
Terms for
Businesses
©2020 Deloitte LLP and affiliated entities 22Nova Scotia Announcements ©2020 Deloitte LLP and affiliated entities 23
Summary of Nova Scotia Government Announcements
Announcement Details Eligibility How to apply Website Additional comments
Alterations to the existing program include: All types of businesses Applications are processed http://www.novasc The program is a joint
are eligible except by local credit unions. Each otia.coop/programs initiative of the Nova
application is evaluated on /small-business-
• Deferring principal and interest payments until June residential and a case-by-case basis and is loan-guarantee- Scotia Co-operative
30 commercial real estate, based on the proposed, program/ Council, Atlantic Central,
• Enhancing the program to make it easier for beverage rooms and business plan, viability and local participating credit
businesses to access credit up to $500,000 taverns, or any venture character of the business. unions, and the Province
Small Business • Those who might not qualify for a loan, government of a questionable of Nova Scotia.
Loan Guarantee will guarantee the first $100,000 ethical or legal nature.
Program
Loans may be granted for a term of up to of 10 years.
The maximum guarantee supplied by the Province of
Nova Scotia will be 90 percent of the value of all term
loans. The guarantee will remain at 75 percent on lines
of credit but a 90 percent guarantee may be available to
those that qualify under our special financing streams.
$161 million earmarked to address cash flow and access https://novascotia.c
to credit for small and medium-sized businesses in Nova a/news/release/?id
=20200320003
Scotia – this includes funding for the Loan Guarantee
Program above. Additional measures include:
• All government loans, including those under the Farm
General Loan Board, Fisheries and Aquaculture Loan Board,
Government Jobs Fund, Nova Scotia Business Fund, Municipal
Action Related Finance Corp. and Housing Nova Scotia.
to Liquidity • Small business fees, including business renewal fees
and Funding and workers compensation premiums (a list of fees
Availability will be posted online early next week)
• Small businesses which do business with the
government will be paid within five days instead of
the standard 30 days
• $15 million provided as incentive to internet providers
to speed up projects that will allow greater access for
employees that need to work from home.
©2020 Deloitte LLP and affiliated entities 24Summary of Nova Scotia Government Announcements
Announcement Details Eligibility How to apply Website Additional comments
• Retail and commercial landlords are • Landlords that grant such Details on webpage. https://novascotia.c N/A
encouraged to defer lease payments for the businesses a three-month a/coronavirus/COVI
D-19-Rent-
next three months for businesses forced to deferral and register by April 3 Deferral-Support-
close due to the public health order. will be able to claim losses of Program-
• Landlords are not permitted to change locks up to $5,000 per month, if the Guidelines.pdf
Retail and or seize the property of businesses that renting business does not
Commercial Rent cannot pay rent, if the business closed due continue operating.
Deferral to the COVID-19 public health orders. • Additional details on website.
Incentive
©2020 Deloitte LLP and affiliated entities 25Nunavut Announcements ©2020 Deloitte LLP and affiliated entities 26
Summary of Nova Scotia Government Announcements
Announcement Details Eligibility How to apply Website Additional comments
The Department of Economic Development and A small business is defined as The grant is accessible https://www.gov.n N/A
Transportation is offering small businesses one that grosses less than through regional offices, u.ca/economic-
and will be available online. development-and-
grants of up to $5,000. The grants are being $500,000 a year or employs transportation/prog
made available from the existing small fewer than 10 people. rams-
business support program. services/small-
The definition also includes business-support-
program
Small Business artists, performing artists or
Grants craftspeople who make all or part
of their income through the sale
of the products they produce, or
plan to produce.
©2020 Deloitte LLP and affiliated entities 27Ontario Announcements ©2020 Deloitte LLP and affiliated entities 28
Summary of Ontario Government Announcements
Announcement Details Eligibility How to apply Website Additional comments
Summary relevant to Businesses and Jobs:
• Cutting taxes by $355 million for about 57,000
employers through a proposed temporary increase to
the Employer Health Tax (EHT) exemption.
• Enhancing funding by $148 million for charitable and
non-profit social services organizations such as food
banks, homeless shelters, churches and emergency
services to improve their ability to respond to COVID-
19, by providing funding directly to Consolidated
Municipal Service Managers and District Social Service
Administration Boards who would allocate this funding
based on local needs.
• Helping to support regions lagging in employment
Ontario's Action growth with a proposed new Corporate Income Tax
Plan: Credit, the Regional Opportunities Investment Tax
Responding to Credit.
COVID-19 • Making available $6 billion by providing five months of
(March 2020 interest and penalty relief for businesses to file and
Economic and make payments for the majority of provincially
Fiscal Update) administered taxes.
• Over $1.8 billion by deferring the upcoming June 30
quarterly municipal remittance of education property tax
to school boards by 90 days, which will provide
municipalities the flexibility to, in turn, provide property
tax deferrals to residents and businesses, while
ensuring school boards continue to receive their
funding.
• Making available $1.9 billion by the Workplace Safety
and Insurance Board (WSIB) allowing employers to
defer payments for up to six months.
©2020 Deloitte LLP and affiliated entities 29PEI Announcements ©2020 Deloitte LLP and affiliated entities 30
Summary of PEI Government Announcements
Announcement Details Eligibility How to apply Website Additional comments
PEI is providing $4.5M to Community Use the on-line form to apply for Business must provide detailed business info https://www.princeed This additional funding was
Business Development Corporations across Business Development Assistance and supporting documentation including: wardisland.ca/en/news announced March 18, 2020,
the province to deliver financing to small for your PEI business in one of /province-announces- however, this program, its
business and entrepreneurs. the following areas: • business registration number and date of more-financial- eligibility requirements and
incorporation support-islanders application process are not new.
1. business improvement
• annual sales and export information;
2. business start up and
expansion • number of employees https://www.princeed
• shareholders and key management wardisland.ca/en/servi
3. tax incentives ce/apply-online-
personnel
4. trade and marketing business-
assistance • financial statements and all financial development-
sources assistance
• business plan, marketing plan, feasibility
or market study, competitive analysis,
resume
• business consultant proposal and terms
Business of reference related to a study
Development
• detailed description of the project and
Corporation how it will impact your business
• project costs with written quotations to
support them.
©2020 Deloitte LLP and affiliated entities 31Summary of PEI Government Announcements
Announcement Details Eligibility How to apply Website Additional comments
Emergency Working Capital Financing To qualify: Small businesses on PEI will submit an https://www.princeedwa This program was announced
(New small business loan program) application and supporting documentation to rdisland.ca/en/service/e March 18, 2020.
1. Existing small businesses Finance PEI, including: mergency-working-
• The new Finance PEI program provides (startups not eligible) located • Financial statements for most recent year capital-financing Successful applicants will be
support for small businesses through a and operating in the Province end; issued a Letter of Offer outlining
capital loan of up to $100,000 with a fixed of PEI, and have been • Interim financial statements for the current the complete terms and
interest rate of 4% per annum. generating revenue on PEI. year to date; conditions of the loan. Ongoing
• Detailed listing of what the loan proceeds financial reporting will be
• Repayment of the loan will commence 12 2. Registered to conduct business required.
months after the first disbursement, with within the Province of PEI. will be used for and when funding will be
Finance PEI the balance outstanding to be repaid over needed;
Program the remaining five year period. 3. The applicant has a satisfactory • Statement of Personal Financial Affairs
credit rating and must not have (personal net worth statement) from all
• Loans are secured by: any defaulted outstanding debt applicable shareholders
• Promissory Note for the full obligation on file in the • Eligible Working Capital Expense Worksheet
amount of loan Province’s Central Default
• Personal guarantees of the Registry.
business owner(s)
• General Security Agreement
• No application fee
Deferred Payments No further information public at this No further information public at this time. https://www.princeedwa This program was announced
Finance PEI,
time. rdisland.ca/en/news/pro March 18, 2020.
Island • The province of PEI will allow deferred loan vince-announces-more-
Investment payments for clients of specific programs financial-support-
Development for the next three months. islanders
Inc., and PEI • Scheduled loan payments for clients of
Century Fund Finance PEI, Island Investment
Deferred Loan Development Inc., and the PEI Century
Payments Fund may be deferred for the next three
months.
Wage Subsidies for PEI Workers Workers who continue to work but No further information public at this time. https://www.princeedwa This program was announced
experience a considerable reduction rdisland.ca/en/news/pro March 18, 2020.
Commitment for • PEI to provide a temporary allowance for in their working hours will be vince-announces-more-
workers facing reduced hours ($200 per eligible for a temporary allowance financial-support-
Temporary Wage
week). of $200 per week. islanders
Subsidies
This measure is not applicable to
self-employed individuals.
©2020 Deloitte LLP and affiliated entities 32Summary of PEI Government Announcements
Announcement Details Eligibility How to apply Website Additional comments
Employers who meet the program criteria are eligible Eligible employers include registered Submit the completed ‘Worker https://www.princeed Online applications can be
to receive a maximum of $250 per week for each private sector businesses in Prince Assistance Program’ online wardisland.ca/en/servi submitted until April 15, 2020.
worker that experienced a reduction of at least 8 Edward Island with workers who have application form and the Vendor ce/emergency-relief-
hours per week during the two week period March experienced a reduction of at least 8 Registration Form at the worker-assistance-
16-29, 2020 (e.g., a worker that typically works 40 hours per week during the two week following address: program
hours/week was reduced to a minimum 32 period March 16-29, 2020. https://www.princeedwardislan
hours/week). d.ca/en/service/emergency-
relief-worker-assistance-
Emergency Relief program
– Worker
The applicant will receive an
Assistance
email confirmation with your
Program online reference number.
A program officer will contact
you to review and discuss your
application.
This program, administered by Innovation PEI, To be eligible for this component self- An online application form is https://www.princeed This program was announced
provides self-employed individuals with a maximum employed individuals must; currently available. wardisland.ca/en/servi March 18, 2020.
amount of $500 per week for the period of March ce/emergency-income-
16-29, 2020, if they experienced direct financial • Have declared business income on relief-self-employed The program is open to self
losses resulting from COVID-19 isolation measures. their most recent tax return. employed in all sectors.
Applicants will be required to
• Business income must be their provide their HST number, most
primary source of income. recent Notice of Assessment,
and Form T2125, Statement of
Emergency • Demonstrate direct financial losses Business or Professional
Income Relief for resulting from the COVID -19 Activities.
Self-Employed isolation measures at the time of
application.
• Not be EI eligible or receiving any
other income support (i.e.,
Business Interruption Insurance).
©2020 Deloitte LLP and affiliated entities 33Quebec Announcements ©2020 Deloitte LLP and affiliated entities 34
Summary of Quebec Government Announcements
Funding category Details Eligibility How to apply Website Additional
comments
As of March 25, 2020, at 00:01 and until April 13, 2020, the Gouvernement du A full list of priority services can If your business conducts an https://www.quebec.c N/A
Québec has ordered the minimization of all non-priority services and activities. be found on the webpage activity that is not listed above, but a/en/health/health-
provided. you consider it essential, you can issues/a-z/2019-
verify the designation as an coronavirus/essential-
It should be noted that all businesses can always engage in teleworking and e- essential business on the webpage services-commercial-
commerce. provided. activities-covid19/
Minimization of All businesses that produce inputs or raw materials necessary for priority
Non-priority services and activities must maintain their activities accordingly, bearing in
Services and mind the directives from public health authorities.
Activities Businesses that provide non-essential services, excluding stores, can maintain
minimal operations to ensure the resumption of their activities, bearing in mind
the directives issued by public health authorities.
To find out which workers are considered to be working in essential services
and commercial activities and are entitled to emergency childcare services, see
the list of Workers who are entitled to emergency childcare services.
©2020 Deloitte LLP and affiliated entities 35Summary of Quebec Government Announcements
Funding category Details Eligibility How to apply Website Additional
comments
Program for worker who must self-insolate Program for workers that are in self isolation mandated by the A registration form must be https://www.que
• The program, offered by the Government of Quebec Government of Canada, the Government of Quebec or another filled, upon which the bec.ca/en/family
in partnership with the Canadian Red Cross, responsible authority: Government will verify the -and-support-
identity of the requester and for-
Temporary Aid provides financial assistance to meet the needs of
study the cast. Once individuals/finan
workers who cannot earn all of their work income The worker is eligible to PATT COVID-19 if:
for Workers accepted, the government cial-
and are not eligible for another financial assistance • Not receiving compensation from the employer will make a direct deposit on assistance/temp
Program (PATT program. • Do not have private insurance the worker account. orary-aid-for-
COVID-19) • The lump-sum amount granted to an eligible • Not covered by another government program (federal or workers-
person is $573 per week, for a period of 14 days provincial) program/#c4631
of isolation. If justified by the state of health, the 9
coverage can be extended to a max of 28 days
Workers All workers and businesses with partnerships. https://www.rev
• The deadline to file income tax return has been enuquebec.ca/en
extended do June 1, 2020. /covid-19-
faq/?no_cache=
• For installment payment, the June 15,2020 1
installment has been suspended until September 21,
2020/
Provincial Tax
Changes
Businesses
• For partnerships that must file the Partnership
Information Return, the deadline of March 31, 2020
have been extended until May 1, 2020
• Deferral of income tax payments and installments to
August 31, 2020
Emergency funding for businesses For business operating in Quebec, incl. cooperative and other • For businesses that are https://www.inv No protection
• This emergency funding measures provides ad hoc social economy enterprises with commercial activities. Must show already IQ clients, estquebec.com/q for the
and exceptional support for business affected by the that their financial structure offers realistic prospect of contact their account uebec/en/financi business or
profitability. manager. al-products/all- other
repercussion of COVID-19. This measure is designed
our- enterprises
to shore up the business’s working capital. • For non IQ clients,
solutions/Concer
Concerted • A loan guarantee is the preferred form of Eligible projects: Business must show that their cash flow issues contact the financial that are unable
ted-temporary-
financing. Financing can also take the form of a loan are temporary and that the liquidity shortage stems from: institution first. to show
Temporary action-program-
from Investissement Québec. • A problem involving the supply of raw material or products for- realistic
Action Program prospect of
for Businesses • Investissement Québec aims to work in close (G&S) Applications will be reviewed businesses.html
cooperation with financial institutions and federal on a case-by-case basis, profitability.
• An inability, or substantially decreased ability to deliver goods,
authorities in order to share risks products or services according to the business’s
• The minimum funding amount is $50,000 and circumstances and
refinancing is prohibited. Eligible industries: Almost all industries (view link for exceptions) Investissement Québec’s
management practices.
©2020 Deloitte LLP and affiliated entities 36Saskatchewan Announcements ©2020 Deloitte LLP and affiliated entities 37
Summary of Saskatchewan Government Announcements
Announcement Details Eligibility How to apply Website Additional comments
Businesses unable to file their provincial tax returns Those recognized as a business https://pubsaskdev.blob.cor https://www.saskatche Business related updates provided by
by the due date can submit a request for relief from under the CRA. e.windows.net/pubsask- wan.ca/business/taxes- newly launched support for
penalties and interests charged on returns affected. prod/116278/IN%252B202 licensing-and- businesses page (link provided under
0- reporting/provincial- Website category).
Over the course of three-months; the government 03%252BBusinesses%252B taxes-policies-and-
estimates a potential deferral of up to $750 million Impacted%252Bby%252BC bulletins/provincial-
in PST collections. OVID-19.pdf sales-tax/pay-pst-on- For more information on PST
Audit and compliance activities are also suspended your-business-assets deferrals:
for businesses to focus on their employee health by https://www.canada.ca/
reducing audit travel. Fill out the form linked Call Saskatchewan tax inquiry line: 1-
en/department- 800-667-6102
PST Remittance above and send the form finance/news/2020/03/
Deferral and Audit electronically through Email: SaskTaxInfo@gov.sk.ca
canadas-covid-19-
Suspension Saskatchewan etax Service economic-response-
(SETS), by e-mail or in plan-support-for-
writing. canadians-and-
businesses.html#Extens
ion_of_Deadline
Crown utility customers (including businesses), can All Saskatchewan residents wo are Not provided. (Likely need https://www.saskatche N/A
defer interest payments on late bill payments for up customers of the province’s crown to contact the crown utility wan.ca/government/ne
Crown Utility to 6 months. utilities corporations (e.g. corporations, or it’s ws-and-
Interest Deferral SaskEnergy, SaskTel, SaskPower) automatically applied on media/2020/march/20/
Programs who are affected by COVID-19. upcoming monthly bills). covid-19-financial-
support
Government will be creating a “single window Information webpage is available to Information webpage is https://www.saskatche The Business Response Team is
information webpage” to assist businesses navigate all online. available to all online. wan.ca/government/ne available to assist 8 AM – 8 PM
COVID-19’s uncertain conditions (financial or ws-and- Monday to Friday.
Establishment of
otherwise). media/2020/march/20/
Business Response Call Toll Free: 1-844-800-8688
covid-19-financial-
Team
support Email: supportforbusiness@gov.sk.ca
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