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Dec 1, 2020

COVID-19 Update - December 1, 2020

Canada Emergency Wage Subsidy Extended to June 2021

On November 20, Prime Minister Justin Trudeau announced that the Canadian Emergency Wage Subsidy (CEWS) will be extended through to June 2021.
 
The federal government is also providing a new emergency rent subsidy for businesses that will go directly to tenants, not landlords. As of November 23, businesses can apply for the new subsidies and the subsidies are retroactive to the beginning of October 2020.
 
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Open for Applications: Small and Medium-Sized Business Recovery Grant Program

Small and medium-sized businesses are vital to British Columbia’s economy. The Small and Medium-Sized Business Recovery Grant program provides fully-funded grants to businesses to ensure they have the support they need during and beyond COVID-19. Grants of $10,000 to $30,000 are now available to BC businesses.

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A Deep Dive on How Restaurants & Hotels are Faring Amid COVID-19 

Data recently released by Statistics Canada and analyzed by the Canadian Chamber of Commerce underscores the dire situation these businesses are still facing. From lower revenue and more expenses, to the highest number of businesses with layoffs and the lowest liquidity levels, there is an urgent need for targeted support.  

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