COVID-19 Business Update | March 26
WSG is committed to providing information and news on the business impacts of COVID-19 to the Niagara business community.
Vital updates you should know about:
- The Government of Canada’s support bill has received royal assent and is now law. It covers $107-billion in aid packages, the details of which were announced here over the past few days.
- The Quarantine Act has been invoked. All international travelers returning to Canada must now self-isolate for 14 days. This was previously the government’s advice; now, those who do not comply face fines or prison sentences. Make your staff aware.
- The Government of Ontario has announced the details of its WSIB relief package. All workplaces covered by WSIB insurance can defer premium reporting and payments until August 31st, 2020. Businesses do not need to notify WSIB that they are taking advantage of this deferral.
- The Government of Ontario has also announced the deferral of property taxes. School boards will be compensated for the shortfall from Provincial funds.
- The Government of Ontario will allow interest and payment relief until August 31st for businesses on the majority of provincially-administered taxes, including the Tobacco Tax; Fuel Tax; Gas Tax; Beer, Wine, and Spirits Tax; Mining Tax; Insurance Premium Tax; International Fuel Tax Agreement; and Race Tracks Tax.
- Scammers are attempting to exploit the new Canada Emergency Response Benefit (CERB). Be vigilant for suspicious text messages and warn your employees.
- The Niagara Health Foundation is appealing for companies and residents to donate any masks they may have in their shops or workplaces. They will take any and all masks, whether they are N95/respirator or surgical, and will let hospitals decide which ones they can use.
- British Columbia and Alberta have announced that individuals flouting social distancing rules now face fines and even jail time. Other provinces may introduce similar measures, including Ontario.
Information on government grants, resources, and programs, and how to apply for them, is available here.
WSG would like to thank the GNCC for this valuable summary.