Government of Ontario Benefits:

PC Government has announced a lock down for 28 days effective November 23, 2020 :
but to provide financial support to businesses suffering losses because of lock down, PC Government
under Premium Ford has announced multiple financial support to businesses.

Below are some of them that might help businesses:

1. PPE Support

• Government has announced $1,000 support to businesses for purchasing PPE equipment (such as gloves, masks, face shield, sanitizers etc.). Businesses have to have all receipts to claim this amount.
  Businesses must have between two and nine employees in one of the four sectors:
• Retail
• Accommodation and food services
• Repair and maintenance
• Personal and laundry services

2. Property Tax and energy bill rebates

Businesses that were required to be shut down or significantly restrict services due to lockdown
due to Provincial public health measures (mainly stage 2 lockdown) can apply for these fixed
costs to reduce financial burden. The money received will be considered a grant and does not
require repayment.

This support is available for businesses who were required to significantly reduce their services.

Type of businesses that will have this support are:

• Restaurants and bars
• Meeting or event places
• Performing arts and cinemas
• Personal care services (Oxygen bars are exempted)
• Bingo halls, casinos, conference centres and convention centres
• In-person teaching and instructions
• Community centres, multi-purpose facilities and museums
• Racing venues
• Gyms, facilities for indoor sports and recreational fitness activities

Eligible businesses could get
Municipal and education property taxes; and
Energy costs (including electricity and natural gas)

You can reach us on 905 815 8442 Ext 150 to get additional information or to receive assistance
with funding. Stay safe stay happy…

Canada Emergency Rent Subsidy (CERS)

While we are facing another lockdown…businesses have got some financial relief from Ontario government and Federal government as well.

Canada Emergency Rent Subsidy (CERS) program has begun effective November 23, 2020 where tenants can apply for rental rebate without having to. involve landlord.

Rent subsidy is available to any business with a drop in revenue that is more than 0%.  In fact, if you own a property even, you are eligible for CERS (with some conditions) on your interest cost as well.

Here are ALL the FOUR conditions for that are required to be eligible for the Rent subsidy:

1.One of the four must be met:

• –You had a CRA Business Number on September 27, 2020; or
• –You had payroll account on March 15, 2020; or;
• –You purchased the business assets of another person or partnership who meets condition 2 above and have made an election under the special asset acquisition rules.                                                                                                                                                        These special asset acquisition rules are the same for the Canada Emergency Wage Subsidy (CEWS)
• –You will meet other prescribed conditions that might be introduced.

2. You are an eligible business, charity, or non-profit

3. Experienced a drop in revenue

4. Have eligible expenses.

Please call us on 905 815 8442 Ext 150 or email us to discuss if you qualify for the CERS.  Our office will be happy to assist you in receiving this benefit during this tough financial time.