THANK YOU FOR PARTICIPATING IN OUR COVID-19 TELE-TOWN HALL
If you have any questions or comments regarding the tele-town hall, please forward them in this comment section.
- Canada’s largest Business Improvement Area founded in 2003
- Representing 3200 Businesses and Commercial Properties employing over 28000 people
- Provincially Designated Employment District
- Projects, programs and services to help meet business and community prospects and growth
- We work with the City of Toronto, and other BIAs to engage and give voice to our businesses.
Our office may be closed, but like many others, we’re still actively working on your behalf. Recently, we have made changes to our website to reflect the most immediate needs in support of our businesses. We believe that our priority in this time of crisis is to ensure that the Emery Village Stakeholders and Community have the tools and timely information from the most appropriate sources to guide us through, build sustainability, and safeguard the health and safety of our residents, employees and business operators.
We will, from time to time renew and update our links to continue to serve you. Also, please see the section on the latest changes to our Mobile Security Patrol Program through VP Security.
If you are a business or a commercial property owner, please register to obtain access to e-mail blasts and other news feeds to keep you keep informed and updated to the latest news and changes to our services and programs.
COVID–19: CECRA for small businesses
Federal wage subsidy – CEWS – commenced April 27th, eligibility requirements
Additional Details on the Canada Emergency Wage Subsidy Backgrounder
Canada Emergency Business Account
Government provides further flexibility for employers to access the Canada Emergency Wage Subsidy
Coronavirus disease (COVID-19)-Employment and Social Development Canada
Business Assistance through your Financial Institutions
Chamber of Commerce – Emergency wage subsidy changes positive, but timeliness of execution deciding factor
What is the Canada Emergency Response Benefit and How to apply
$213 million to go to SME’s facing financial hardship
The Canada Emergency Wage Subsidy and Extending the Work-Sharing Program
Canadian Anti-Fraud Centre (COVID-19 fraud information)
How Ontario is Responding
Ontario is working with its partners in the health care system implementing a robust plan to monitor for, detect and, if needed, isolate any cases of the 2019 novel coronavirus. The Ministry of Health is taking several steps to ensure the health and safety of Ontarians. This includes:
- monitoring hospitals for potential cases of the virus in individuals with travel history to areas under a travel health advisory for COVID-19
- adding the 2019 novel coronavirus as a designated disease reportable under Ontario's public health legislation, enabling local public health units to quickly and effectively take all necessary measures to investigate, complete lab tests and do case and contact management to prevent and control further spread of the infection
- ongoing planning with federal and provincial/territorial partners and readiness to coordinate with other provinces/territories
- through the work of the Command Table, refining and finalizing plans for the implementation of enhanced measures to ensure the province continues to be prepared to respond quickly and effectively to any scenario, including: enhanced access to screening; expanding lab-testing capacity; and implementing new initiatives to keep the public and frontline workers safe
Province announces plans to re-open the economy
Ontario’s Response to The Novel Coronavirus (COVID-19)
Ontario’s Framework for Re-opening the Economy Guidebook
Ontario’s Regulation 82.80 Orders the Closure of Places of Non-Essential Businesses
Ontario Extends Emergency Declaration to Stop the Spread of COVID-19
Economic Support and Recovery for Businesses
Emery Village has prepared an Emergency Security Plan due to the lockdown of non-essential businesses in the province.
As part of our security patrol service we will be prepared and be operating security patrol in the BIA Business Community 24/7. We have increased our operating patrols to include the following:
2- Day patrol cars (6am-6pm)
4- Evening patrol cars (6pm-6am)
This will ensure full coverage of our area and act a as a deterrence.
Please ensure that your alarm company has the most up to date contact information and telephone numbers in the event of an alarm call. Below are the two telephone numbers for VP Protection Dispatch:
416-218-3226 or 647-202-3022
If you have not signed the VP Protection Security Form please do so immediately and scan the form and sent by to: email@example.com
Financing available as part of the Business Credit Availability Program (BCAP)
How EDC is helping Canadians during COVID-19
COVID-19 Pandemic Preparedness Toolkit for businesses
Business continuity plan and templates for entrepreneurs
Resources for Canadian Businesses
WSIB -Novel coronavirus (COVID-19) update
Frequently Asked Questions
- Canada Emergency Wage Subsidy. Any company can qualify no matter what size. This includes non-for-profits and charities. Companies must demonstrate their revenues have decreased by 30% or more to be eligible. The federal government will cover up to 75% of an employee’s salary on the first $58,700 earned which means up to $847 a week. Funds will be back-dated to March 15. The Prime Minister encouraged businesses that have the means to pay the remaining 25% of salaries.The Government of Canada also warned against companies seeking to take advantage of this subsidy or make fraudulent claims. Learn more.
- A smaller wage subsidy of 75% for eligible small businesses that do not qualify for the Canada Emergency Wage Subsidy. The 75% subsidy covers 75% of wages paid from March 18 to before June 20, up to a maximum subsidy of $1,375 per employee and $25,000 per employer.
- Access to additional credit. More than $10 billion in credit will be available through:
- Interest-free loans to small businesses. Through a new Canada Emergency Business Account, financial institutions and Export Development Canada (EDC) will offer interest-free loans of up to $40,000. Small businesses should apply through their financial institutions. Learn more.
- A loan guarantee for SMEs through EDC for loans of up to $6.25 million. Learn more.
- A co-lending program for SMEs between financial institutions and the Business Development Bank of Canada (BDC). Learn more.
- Additional credit from EDC and BDC as part of the Business Credit Availability Program (BCAP). Businesses seeking support through BCAP should contact the financial institutions with whom they have a pre-existing relationship. Learn more.
- Credit for the agri-food sector through Farm Credit Canada. Learn more.
- Deferrals on:
- Income taxes until August 31.
- GST/HST remittances until June 30.
- Customs duty and sales tax for importers until June 30.
- Audit suspensions by the Canada Revenue Agency.
- An Insured Mortgage Purchase Program to provide stable funding to banks and mortgage lenders and support continued lending to Canadian businesses and consumers.
- Lower electricity rates for small businesses, farms, and residents until at least May 8, and banning electricity disconnection for those that fail to pay their utility bills until July 31. Click here for more information.
- Tax deferrals:
- $6 billion in provincially administered taxes deferred from April 1 to August 31
- $1.8 billion in property taxes deferred for 90 days (including the provincial education tax) in collaboration with municipal partners
- Workplace Safety and Insurance Board (WSIB) premium and expense deferrals of $1.9 billion for employers for 6 months.
- Postponement of the 2021 property tax reassessment.
- Changes to the Employer Health Tax (EHT) to retroactively reduce the tax and temporarily increase the exemption to $1 million
- A Regional Opportunities Investment Tax Credit to support regions lagging in employment growth.
- An extended grace period for tax and other payments for businesses (payment and payment penalties) for 30 days, beginning March 16.
- A contingency fund to support businesses and affected groups.
- Expanded small business advisory services to help businesses as they plan to recover from impacts.
- Businesses will need to demonstrate a 15 per cent reduction in gross revenues for March given many businesses did not experience the effects of the crisis until mid March. A 30 per cent reduction will still be required to receive the subsidy in April and/or May.
- Employers can compare their revenue of March, April and May 2020 to that of the same month of 2019, or to an average of their revenue earned in January and February 2020.
- 75% Wage Subsidy: For employers that are eligible for both the Canada Emergency Wage Subsidy and the 75% wage subsidy for a period, any benefit from the 75% subsidy for remuneration paid in a specific period would generally reduce the amount available to be claimed under the Canada Emergency Wage Subsidy in that same period.
- Canada Emergency Response Benefit: An employer would not be eligible to claim the Canada Emergency Wage Subsidy for remuneration paid to an employee in a week that falls within a 4-week period for which the employee is eligible for the Canadian Emergency Response Benefit. Employers who are not eligible for the Canada Emergency Wage Subsidy would still be able to furlough employees who will receive up to $2,000 a month.