Wellington – Waterloo Community Futures is proud to be working with businesses during these difficult times. We have two different emergency loan programs at this time. Both of these programs are designed to provide temporary operating capital to pay items like rent, insurance, utilities etc.
In the County of Wellington WWCF is implementing the Wellington County Keep Well – Emergency Business Sustainability Funding. For more information…
Click here for the Wellington County program application
For businesses located in the Region of Waterloo, WWCF has developed a WWCF Emergency Fund Assistance Loan For more information…
Click here for the Region of Waterloo program application
email applications to email@example.com
Canada Emergency Response Benefit
The federal government is proposing the Canada Emergency Response Benefit (CERB) for workers who lose income as a result of the COVID-19 pandemic. The CERB would provide $2,000 per month for up to four months to Canadians who:
- Have lost their job due to COVID-19;
- Are sick, quarantined, or taking care of someone who is sick with COVID-19;
- Are working parents who must stay home without pay to care for children who are sick or at home because of school and daycare closures; and
- Are still employed, but not receiving income because of disruptions to their work situation due to COVID-19.
The CERB would apply to workers whether or not they are eligible for EI. This includes wage earners, contract workers, and self-employed individuals.
The portal for accessing the CERB would be available in early April. Learn more.
March 18, 2020, Government Support for Canadians & businesses:
The Government of Canada is taking action to help businesses facing hardship as a result of the COVID-19 outbreak. Read the full plan here.
What does this mean for businesses?
Here is the summary
The Government will provide up to $27 billion in direct support to Canadian workers and businesses.
These measures are being implemented in an effort to help stabilize the economy.
There will be income support, flexibility for taxpayers, mortgage default management tools, among others, to help Canadians.
Here are the links to supports for business owners and their employees...HERE
Information on the 75% wage subsidy..HERE
The CRA 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.
The Business Credit Availability Program (BCAP) will allow the Business Development Bank of Canada (BDC) and Export Development Canada (EDC) to provide more than $10 billion of additional support, largely targeted to small and medium-sized businesses.
For information on this program go here
Sick benefits for employees that must self quarantine:
The Federal government has introduced a change in Canada’s sick-leave benefits under the Employment Insurance (EI) program due to COVID-19. You can now get EI benefits for an entire 14-day quarantine. If an employee is unable to work due to quarantine or self-isolation, they may apply for sickness benefits. The one-week waiting period for EI sickness benefits has been waived for new claimants who are quarantined so they can be paid for the first week of their claim. Employees in quarantine and seeking to waive the one-week EI sickness benefits waiting period so that they can be paid for the first week of their claim should contact the new dedicated toll-free phone number: ▪ Telephone: 1-833-381-2725 (toll-free) ▪ Teletypewriter (TTY): 1-800-529-3742