Support for Businesses – CORONAVIRUS DISEASE (COVID-19) RESOURCES

CORONAVIRUS DISEASE (COVID-19) RESOURCES

LAST UPDATED: April 02, 2020

It is extremely important to all of us at OPTY that everyone stays safe, while trying to maintain balance in family, work, business and finances.  We have compiled some resources that would hopefully be of assistance to you.  A great big THANK YOU to all Albertans for locking arms and coming together.  The sources of these resources come from many caring organizations and we are very grateful for the opportunity to share and being helpful.

Advice related to the efforts to mitigate the outbreak of COVID-19 is constantly evolving and we will try our best to keep this page updated, but please refer to official government websites and publications for all critical information.

General Resources

Canada Emergency Wage Subsidy
This would provide a 75% wage subsidy to eligible employers for up to 12 weeks, retroactive to March 15, 2020. Eligible employers would include individuals, taxable corporations, and partnerships consisting of eligible employers as well as non‑profit organizations and registered charities, that see a drop of at least 30% of their revenue. 

  • An employer’s revenue for this purpose would be its revenue from its business carried on in Canada earned from arm’s-length sources. Revenue would be calculated using the employer’s normal accounting method, and would exclude revenues from extraordinary items and amounts on account of capital.

​The subsidy amount for a given employee on eligible remuneration paid between March 15 and June 6, 2020 would be the greater of:

  • 75% of the amount of remuneration paid, up to a maximum benefit of $847 per week; and
  • the amount of remuneration paid, up to a maximum benefit of $847 per week or 75 per cent of the employee’s pre-crisis weekly remuneration, whichever is less.
  • Eligible remuneration may include salary, wages, and other remuneration, such as taxes generally deducted to remit to CRA
  • There would be no overall limit on the subsidy amount that an eligible employer may claim.

A special rule will apply to employees that do not deal at arm’s length with the employer.

  • The subsidy amount for such employees will be limited to the eligible remuneration paid in any pay period between March 15 and June 6, 2020, up to a maximum benefit of $847 per week or 75 per cent of the employee’s pre-crisis weekly remuneration.

Eligible Period             Claiming period           Reference period for eligibility
Period 1                          March 15 – April 11        March 2020 over March 2019
Period 2                         April 12 – May 9             April 2020 over April 2019
Period 3                         May 10 – June 6            May 2020 over May 2019

Eligible employers would be able to apply for the Canada Emergency Wage Subsidy through the Canada Revenue Agency’s My Business Account portal as well as a web-based application. Employers would have to keep records demonstrating their reduction in arm’s-length revenues and remuneration paid to employees. More details about the application process will be made available shortly.

 

Are temporarily lay off’s legal?

Amid these uncertain circumstances, ensure that you are following legislative labor standards! 

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How to Cut Cost Right Now

You’re wasting money by doing too much!
Courtesy of: HLH LLP

COVID-19 Small Business Help

With the emergence of COVID-19, our primary concern at CFIB is keeping you, your employees and your business safe.

Business Continuity Plan

Courtesy of: TEC Canada Chairs

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Selling During Tough Times

Boost your confidence in sales at any time! Courtesy of: Storytelling Sales

Pandemic Preparedness for Business

Courtesy of: Canadian Chamber of Commerce

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WCB – When Covid-19 may be work-related – Learn More

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Global Health and Crisis Response

COVID-19 is, first and foremost, a global humanitarian challenge.
Courtesy of: McKin

Employment Insurance – Record of Employment
If your employees are directly affected by the coronavirus (COVID-19) and they are no longer working, you must issue a Record of Employment (ROE). 

  • When the employee is sick or quarantined, use code D (Illness or injury) as the reason for separation (block 16). Do not add comments.
  • When the employee is no longer working due to a shortage of work because the business has closed or decreased operations due to coronavirus (COVID-19), use code A (Shortage of work). Do not add comments.
  • When the employee refuses to come to work but is not sick or quarantined, use code E (Quit) or code N (Leave of absence), as appropriate. Avoid adding comments unless absolutely necessary.
Temporary Wage Subsidy for Employers
What is the Temporary Wage Subsidy for Employers?
The Temporary Wage Subsidy for Employers is a three-month measure that will allow eligible employers to reduce the amount of payroll deductions required to be remitted to the Canada Revenue Agency (CRA).
How much is the subsidy?
The subsidy is equal to 10% of the remuneration you pay between March 18, 2020, and June 20, 2020, up to $1,375 per employee and to a maximum of $25,000 total per employer.
How will I receive the subsidy?
Once you have calculated your subsidy, you can reduce your current remittance of federal, provincial, or territorial income tax that you send to the CRA by the amount of the subsidy.
When can I start reducing remittances?
You can start reducing remittances of federal, provincial, or territorial income tax in the first remittance period that includes remuneration paid between March 18, 2020, and June 20, 2020.
For example, if you are a regular remitter, you can reduce your remittance that is due to the CRA on April 15, 2020.

Learn More

 

Supplemental EI Program: 
A supplementary unemployment benefit plan (SUBP) is a plan established by an employer or group of participating employers to top up employees’ employment insurance (EI) benefits, up to 95% of their regular income, during a period of unemployment due to a temporary or indefinite layoff for:

  • health-related benefits
  • maternity, parental, compassionate care, family caregiver leave
  • sickness, accident, or disability
  • temporary stoppage of work
  • training

Learn More

 

Work-Sharing Program

The Work-Sharing program is implementing temporary special measures to support employers and employees affected by the downturn in business caused by COVID-19. The new temporary special measures are available to employers impacted directly or indirectly by COVID-19. The measures allows for eligible employers to retain skilled employees and workers to remain employed during the temporary downturn in business due to COVID-19. The temporary special measures will:

  • extend the Work-Sharing agreements by an additional 38 weeks
  • wave the mandatory waiting period between agreements
  • ease the recovery plan requirements

Access the Work-Sharing page to learn more about the program and its requirements.
Access the Work-Sharing temporary special measures page to find out if you are eligible for temporary special measures.

BDC – $10B Covid-19 loan program
If the lending amount is $100K or less, you can simply apply online: Learn More