CANADA - UNITED STATES - MEXICO AGREEMENT (cusma)
The CUSMA SME chapter of the agreement will provide opportunities to Small and Medium Enterprises (SMEs), by
- promoting increased trade and investment opportunities for SMEs, including through cooperation on support initiatives, joint activities to promote SMEs owned by under-represented groups, and the exchange of information and best practices
- recognizing Indigenous peoples, women, youth and minorities as groups who may benefit from strengthened collaboration on SME promotion activities designed to increase participation in international trade
- including requirements to make information available that is specifically tailored for SMEs’ use, including information on entrepreneurship education programs for youth and under-represented groups, and information on obligations in the Agreement that are particularly relevant to SMEs - an issue previously identified by Canadian SMEs as a challenge to leveraging the opportunities created by FTAs
- establishing a Committee on SME issues and a trilateral SME dialogue, which includes private sector stakeholders, to discuss issues of the agreement that are relevant to SMEs
CUSMA includes a new small and medium-sized enterprises (SME) chapter as well as a competitiveness chapter that recognize the increasingly large economic contribution made by small companies across North America. Other elements have been added across the agreement to better address SME interests in North American trade. Please visit the following link to understand SME-specific commitments:
Canada Emergency Wage Subsidy (CEWS)
* The government has proposed a further extension of the CEWS, until December 19, 2020, providing proposed program details until November 21, 2020.
On July 17, the government announced proposed changes to the CEWS. More information will be coming soon.
- As a Canadian employer whose business has been affected by COVID-19, you may be eligible for a subsidy of 75% of employee wages for up to 24 weeks, retroactive from March 15, 2020, to August 29, 2020.
- This wage subsidy will enable you to re-hire workers previously laid off as a result of COVID-19, help prevent further job losses, and better position you to resume normal operations following the crisis.
- Who is an eligible employer: Canada Emergency Wage Subsidy (CEWS)
Determine your eligibility for the Canada Emergency Wage Subsidy (CEWS)
- Determine your eligible employees: Canada Emergency Wage Subsidy (CEWS)
Determine which employees are eligible for the Canada Emergency Wage Subsidy (CEWS)
- Calculate your subsidy amount: Canada Emergency Wage Subsidy (CEWS)
Use our calculator to find out how much your wage subsidy may be
- How to apply: Canada Emergency Wage Subsidy (CEWS)
When and how to apply for the subsidy
- After you apply: Canada Emergency Wage Subsidy (CEWS)
Getting your payment, reapplying for other periods, changing a claim, and our review of claims.
- Contact CRA about CEWS: Canada Emergency Wage Subsidy (CEWS)
How to contact the CRA about the Canada Emergency Wage Subsidy (CEWS)
NEW: West Coast
On July 28th, 2020, the Honourable Mélanie Joly, Minister of Economic Development and Official Languages, and Minister responsible for Western Economic Diversification Canada, announced that businesses across Western Canada have received over $95 million in support from the Regional Relief and Recovery Fund (RRRF) that was launched on May 13. These interest-free repayable contributions are now flowing to more than 1,760 businesses across the West that were unable to get access to existing Government of Canada relief measures.
Tax deferrals for your business:
CURRENT STATE OF EMERGENCY: Extended to Wednesday, July 22nd.
Premier Scott Moe and Saskatchewan's Chief Medical Health Officer Dr. Saqib Shahab announced the Re-Open Saskatchewan plan. Re-Open Saskatchewan is a plan built on a methodical and phased approach to slowly lifting restrictions so that more businesses can open and more employees can go back to work. The plan introduces five phases to methodically, gradually and cautiously re-open businesses and services across Saskatchewan, beginning May 4, 2020. The plan also details physical distancing measures and restrictions that will remain in place throughout the five phases and provides a number of factors to inform decisions regarding the lifting of long-term restrictions.
Over the next several weeks, restrictions will be gradually lifted by adding more types of businesses to the allowable businesses list, meaning that they can re-open if they so choose. All businesses and public venues will be required to continue following physical distancing and cleaning and disinfection practices to protect both employees and customers. Members of the public will be expected to follow physical distancing rules and to stay home if they are experiencing any COVID-19 symptoms.
For additional information, please visit the provincial government's Re-Open Saskatchewan website.
Do you have questions about how to safely get back to business as Saskatchewan’s economy reopens?
If you have any outstanding questions or concerns about the province's reopening plan please contact CFIB directly at 1-888-234-2232 or email at email@example.com
The Manitoba Back to Work initiative, which provides businesses with a wage subsidy to help returning staff or new hires, has been extended until October 31. This program extension covers 50% of wages up to $5,000 per new hire between July 16 and October 31, for up to 10 new hires ($50,000 total per business). This amount can be in addition to any hires through the same program before July 14 and can include hiring students.
The new application deadline is October 1.
For more information and to apply, visit: https://www.gov.mb.ca/covid19/business/btwmp.html
The following employers are not eligible:
Support for Montréal’s small businesses
Urgent relief for small businesses and landlords
New programs to help businesses
Tax flexibility measures for businesses
Waiving late penalties on property taxes:
Deferring interest and principal payments on existing loans:
Support for small business
For more detailed information, please visit the Nova Scotia COVID-19 information page.
|Prince Edward Island||
COVID-19 Support for Essential Workers
The COVID-19 Support for Essential Workers is a wage top-up program for essential workers employed during the Public Health State of Emergency. Essential workers earning $3,000 per month or less can receive a one-time payment, administered through eligible employers. Employers will also be eligible for a 10% administrative costs to cover Mandatory Employer Related Costs.
Workers' Compensation: deferred premiums
For more click here
|Newfoundland and Labrador||
To help businesses in the province during the COVID-19 pandemic, we are deferring the collection of employer assessment payments and waiving interest charges or penalties until August 31, 2020.
This means that all insured employers will not have to worry about paying assessments until September 2020. The deferral will be applied to all existing payment plans. Employers do not need to contact WorkplaceNL.
Supports for Business
For medical questions or if you feel ill, phone 811, or launch the COVID-19 self-assessment tool.
Find out more about what being in Phase 2 means.
Travel and borders
To see the Yukon government’s most recent announcements, click here.
Provide small businesses and individuals with access to greater cash flow during this crisis, by pausing most collections efforts, including:
One-time relief grant of $5000 for small businesses affected by COVID-19.
Prospective applicants can apply on the Government of Nunavut's website, or by contacting a staffer who works at their regional Economic Development office.