To Jane’s Community in Nova Scotia,
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.
Worker Emergency Bridge Fund - NS Government will provide a one-time payment of $1,000 to bridge the gap between layoffs and closures and the federal government’s Canada Emergency Response Benefit. More info to come.
Small Business Impact Grant - Eligible small businesses and social enterprises will receive a grant of 15 per cent of their revenue from sales, either from April 2019 or February 2020, up to a maximum of $5,000. This flexible, one-time, upfront grant can be used for any purpose necessary. More info to come.
Nova Scotia Student Loans All payments are suspended until 30 September 2020. You don’t need to make any payments, and your loans won’t accrue interest. The suspension is automatic – you don’t need to apply.
Government will defer payments until June 30 for small business renewal fees, including business registration renewal fees and workers compensation premiums. Stay tuned for the list of fees to be posted.
Small Business Loan Guarantee Program: Changes to the program due to COVID-19 include deferring principal and interest payments until June 30, enhancing the program to make it easier for businesses to access credit up to $500,000, and for those who might not qualify for a loan, government will guarantee the first $100,000.
Take the COVID-19 employer assessment tool: In Nova Scotia, some businesses and organizations are required to close and others can stay open if they can meet certain public health requirements.