COVID-19 Resources for Businesses

Both the Federal Government and Government of Alberta have announced a range of financial programs to assist small businesses at this time. Programs include:

• Federal Government Funding Programs
• Provincial Support
• BDC Loan Support
• EDC Support

The Alberta government will provide immediate funding and supportive measures to support local businesses, employers and employees.

Support for employers is provided through:

• Corporate income tax payment deferral (until August 31, 2020)
• Education property tax deferral
• WCB premium payment deferral (until 2021)
• Utility payment deferral (for 90 days)
• Funding measures: among other financial support, for example, small business customers can apply for payment deferral on loans and lines of credit for up to 6 months, and other measures.

See COVID-19 support for employers and employees by the Alberta Government for more details and related resources.

For questions about financial relief and Alberta government programs and services related to the COVID-19 response, call 780-310-4455 from 8am to 8pm, 7 days a week. 

• Waiving late fees and penalties on utility bills (water, sewer and waste) from March 23 – June 22, 2020 (90 days).  The City will continue to send the utility bills each month. Please contact the City’s utility billing staff at 780-992-6200 or by email at utilityclerk@fortsask.ca to make these arrangements.
• Fostering Community Wellness – we are encouraging our amazing residents to build connectedness, foster relationships, and get creative.
• Waiving Transit Fares – this applies to local routes 582, 583, 584, and route 580 to Edmonton’s Clareview LRT Station.
• Special Council Meeting – In April Council will meet to discuss the developments in the City’s COVID-19 response strategies and related matters, property tax penalties and the 2020 budget.

• All taxpayers can defer, until after August 31, 2020, the payment of any income tax amounts that become owing on or after mid-March and before September 2020.
• The Canada Mortgage and Housing Corporation (CMHC) is permitting lenders to allow payment deferrals.
• The Government of Alberta announced measures to help those struggling to meet their utility bills.

Yes. The Government of Canada has extended the Work-Sharing Program to 76 weeks and created the Canada Emergency Wage Subsidy.

What are the details for the Canada Emergency Wage subsidy?

The Government of Canada has announced a 75 per cent wage subsidy for qualifying businesses, for up to 3 months, retroactive to March 15, 2020. This will help businesses to keep and return workers to the payroll.

The Government of Canada has established a Business Credit Availability Program (BCAP) to provide $65 billion of additional support through the Business Development Bank of Canada (BDC) and Export Development Canada (EDC).

BDC and EDC are working with private-sector lenders to coordinate on credit solutions for individual businesses, including in sectors such as oil and gas, air transportation, exportation and tourism.

This program includes: 

• Canada Emergency Business Account
  The new Canada Emergency Business Account will provide interest-free loans of up to $40,000 to small businesses and not-for-profits, to help cover their operating costs during a period where their revenues have been temporarily reduced.
  To qualify, these organizations will need to demonstrate they paid between $50,000 to $1 million in total payroll in 2019.
• Loan Guarantee for Small and Medium-Sized Enterprises
  EDC is working with financial institutions to issue new operating credit and cash flow term loans of up to $6.25 million to SMEs.
• Co-Lending Program for Small and Medium-Sized Enterprises
  BDC is working with financial institutions to co-lend term loans to SMEs for their operational cash flow requirements.
  Eligible businesses may obtain incremental credit amounts of up to $6.25 million through the program.

Both of these programs will roll out in the three weeks after March 27, and interested businesses should work with their current financial institutions.

The Government of Canada created the Canada Emergency Response Benefit. The program will provide a taxable benefit of up to $2,000 a month for up to 4 months to:

• workers who must stop working due to COVID19 and do not have access to paid leave or other income support;
• workers who are sick, quarantined, or taking care of someone who is sick with COVID-19;
• working parents who must stay home without pay to care for children that are sick or need additional care because of school and daycare closures;
• workers who still have their employment but are not being paid because there is currently not sufficient work and their employer has asked them not to come to work; and,
• wage earners and self-employed individuals, including contract workers, who would not otherwise be eligible for Employment Insurance.

The Canada Emergency Response Benefit is accessible through a secure web portal. Applicants will also be able to apply via an automated telephone line or via a toll-free number.

Apply for the Canada Emergency Response Benefit