The CJA has heard from members about the challenges facing our industry and businesses during this very fast moving dynamic situation as a result of the covid-19 virus.
We have reached out to you through an email from our Managing Director, Beatrice Sturtevant, on March 20th (https://canadianjewellers.com/news/8849901). In case you missed it, it details many useful links that reach beyond the business aspects of the current situation.
Government information re covid-19
Now, we will turn our attention to assistance for your businesses and the new policies/packages government has put in place to assist us through these very turbulent times. We will update you as the situation evolves and changes through using government information and web sites.https://www.canada.ca/en/services/business/maintaingrowimprovebusiness/resources-for-canadian-businesses.html
There are also two very useful web sites that answer many of the questions you may have.
Canadian Chamber of Commerce- This is one of the best FAQs on covid-19 and businesses. This site is updated regularly. http://chamber.ca/resources/pandemic-preparedness/COVID-19_FAQ.pdf
Canadian Federation of Independent Businesses- Another good resource for up-to-date information. https://www.cfib-fcei.ca/en/advocacy/my-business-from-startup-to-retirement/covid-19-how-the-federal-government-is-supporting-small-business . They also have a small business help centre with good information-https://www.cfib-fcei.ca/en/small-business-resources-dealing-covid-19#faq
What Members can do right now to prepare
Minister Morneau has indicated that the 75% wage subsidy for qualifying businesses (must have lost 30% or more revenue due to covid-19) will be available in 3 to 6 weeks through a government portal that is being developed. Meanwhile he has suggested that businesses should:
- Get an electronic connection with Canada Revenue Agency (CRA)
- Get a direct deposit ability with CRA
Doing these two things in advance will make the receiving of the subsidies much easier and faster. Go to CRA web site and register with My Business Account https://www.canada.ca/en/revenue-agency/services/e-services/cra-login-services.html
What do you want to know?
What questions do you have about the government covid-19 business relief packages? Submit them to the CJA at email@example.com with “My question is” in the subject line and in our next weekly covid-19 business update we will address the most frequently asked questions as best we can. These, as we all know now, are unchartered waters.