To Jane’s Community in New Brunswick,
The following COVID-19 Small Business Response Plan is a list of resources that may be of assistance to you and your team. Some of the resources may not apply to you, but taking advantage of 1 or 2 could significantly improve your financial health and that of your employees.
We hope this helps.
Please note: We will update this page with new content whenever possible.
- Trudeau announced new business loan relief program that will cover up to 75% of commercial rent costs through Canada Mortgage and Housing Corp. A portion of these loans will be non-repayable. Details and application process are yet to be released. One comment that came with this announcement was that the plan is that this relief does not come with cumbersome eligibility criteria so that the aid can be accessed fairly easily.
- New CERB eligibility rules: people are now allowed to earn up to $1,000 per month while collecting CERB (this includes part-time and seasonal workers now).
April 6 - Canada CERB Portal
The portal for accessing the CERB is at Canada.ca where Canadians can apply, enter direct deposit information, and start receiving $2,000 per month for 4 months within 10 days.
New aid coming for contract workers
Small Business Response Plan
Jane’s Canadian Small Business Response Plan: Here you can find our list of federal support for small businesses.
NB Small Business Emergency Working Capital Program: Small business owners impacted by the COVID-19 pandemic can apply for working capital loans up to $100,000 through the Small Business Emergency Working Capital Program. Application information can be found here.
Opportunities NB’s COVID-19 Working Capital Loans: To assist employers in responding to the challenges associated with COVID-19, Opportunities NB (ONB) is making available working capital loans.
Workers Emergency Income Benefit: Workers or self-employed people who have lost their job due to the COVID-19 state of emergency and meet all eligibility criteria can apply to receive a one-time income benefit of $900. Apply by telephone, by speaking with a Canadian Red Cross agent at 1-800-863-6582.
On a case-by-case basis, the Government of New Brunswick will defer loan and interest repayments for up to six months on existing provincial loans. More information available here.
If you are dealing with financial challenges, such as closing your business due to COVID-19, late penalties on property taxes will be waived on a case-by-case basis. Business property taxes still must be paid by May 31.
WorksafeNB has deferred premium payments for 3 months. Read the full release here.
NB Power has announced they will defer electricity bill payments for small business customers for up to 90 days for impacted customers, wage interest for past due balances and late payment charges issued after March 19, 2020 for impacted customers and extend existing payment arrangements for impacted customers. To discuss options call NB Power: 1 800 663-6272.