COVID-19 Boundary Business Portal
Together with our regional partners we have built this webpage to provide our business community with the most up to date economic and recovery information regarding the COVID-19 Pandemic.
If you feel there are any resources that should be added to this page, or if any of these sources are inaccurate, please let us know by email firstname.lastname@example.org
We have created this Facebook group for regional business owners and managers to share relevant business related information in an effort to identify common themes and issues being faced.
Resources for Business Owners and Not For Profits
Access to Emergency Capital, Credit, and Liquidity
The following resources are providing various solutions for business owners in fast need of liquidity and capital.
- Business Credit Availability Program
A 65 Billion dollar government program flowing through the BDC and EDC has been developed with an array of offerings to business and not for profit organizations that includes interest free borrowing, with potential debt forgiveness – Learn More >
- Community Futures Boundary
Providing loans up to $20,000 with special repayment terms. – Learn More >
- Regional Credit Unions
The Credit Unions have announced they will work with all business members impacted on a case by case basis, with the option for payment deferral.
CIBC, and all the big national banks have announced they are offering payment deferrals and emergency conditions to qualifying organizations. – Learn More >
Federal Government Business Support Programs
The following resources are being offered to business owners and entrepreneurs by Government. See the full details. Here
- Temporary Wage Subsidy
A three-month measure that will allow eligible employers to reduce the amount of payroll deductions required to be remitted. – Learn More >
- Support For Farmers
The Fed’s have increased credit available to farmers and the agri-food sector through Farm Credit Canada. – Learn More >
- Income Tax Deadline Push
The Federal Government has announced taxes owed for business prior March 18, 2020, can be delayed until Sept 1. – Learn More >
- Extending the Work-Sharing program
The maximum duration of the Work-Sharing program has been extended from 38 weeks to 76 weeks. – Learn More >
Provincial Government Business Support Programs
The Government of BC partnered with many organizations like BC Hydro and
ICBC to develop some short term measures focused on individuals whose work has been directly impacted, and appears to be developing a longer term plan at this time. See their full resource offering. here
- Income Tax Deadline Push
The Provincial Government has announced taxes owed for business prior March 18, 2020, can be delayed until Sept 1. – Learn More >
- Property Tax Decrease
The Province has announced it will cut commercial property tax for business and light and major industry property classes by 50% for 2020 – Learn More >
Municipal & Regional Government Business Support Programs
Our local Government will be working through recovery and response to ensure the business community is heard and can have relevant needs met. They will be dialled in to the Boundary Business Facebook Group recently created, which will be a place to organize conversations and meetings. Click here to join this group.
Policy & Misc Document Templates
Please let us know if there are any other types of documents that would help you in operating your business during this unprecedented time. The documents below, created by the BCRCC, are starting points that we hope can be easily adapted to fit your specific need.
Resources For Managers, Employees, and Self Employed Individuals
Notable Highlights For Individuals
- Canada Emergency Response Benefit (CERB) – Individuals may be eligible to receive $2000/mo for up to 4 months. – Learn More >
- Extra time to file income tax returns – Income Tax does not need to be filed until June 1, and paid until Aug 31. – Learn More >
- Improved access to sick leave EI – The Fed’s have claimed to create a streamlined EI process for those impacted by COVID-19 – Learn More >
- BC Emergency Benefit – The B.C. Emergency Benefit for Workers will provide a one-time $1,000 payment to people who lost income because of COVID-19 – Learn More >