COVID-19 Government Programs

• Business Response Team to address any additional concerns. Available 8am – 8pm at 1-844-800-8688 or by email at supportforbusiness@gov.sk.ca
• Managing Staff and Leave
• Up to 3 month Provincial Sales Tax relief from penalties and interest charges – Phone 1.800.667.6102 or email SaskTaxInfo@gov.sk.ca
• Managing Staff and Leave
• Up to 3 month Provincial Sales Tax relief from penalties and interest charges – Phone 1.800.667.6102 or email SaskTaxInfo@gov.sk.ca
• Provincial Utilities ‘Zero-Interest Bill Deferral’ for up to six months
• The Saskatchewan Workers Compensation Board (WCB) will be waiving premium penalties for employers between April 1 and June 30, 2020.

• Self-Isolation Support Program
• COVID-19 Products and Supplies
  Can you help with the procurement of products, supplies, or innovative solutions? Please email procurement@gov.sk.ca to share your ideas.
• Saskatchewan small businesses will receive additional provincial support to help deal with challenges through the new Saskatchewan Small Business Emergency Payment (SSBEP). The SSBEP provides a one-time grant for small and medium-sized enterprises directly affected by government public health orders related to COVID-19.  Grants will be paid based on 15 per cent of a business’ monthly sales revenue, to a maximum of $5,000.

Individuals and Families

• Increasing the Canada Child Benefit to provide an extra $300 per child
• Low and modest-income families will receive a special one-time Special Goods and Services Tax credit payment
• Income tax returns are deferred until June 1, 2020
• Canadian banks are encouraged to provide Mortgage support
  • Affinity has launched our own Debt Relief Program which could help you out for up to 6 months on any of your loan products.

People facing unemployment

• Receive up to $2,000 tax benefits for 4 months under the new Canada Emergency Response Benefit (CERB)
• Apply for Employment Insurance if you have lost your job

People who are sick, quarantined, or in direct self-isolation

• Receive up to $2,000 tax benefits for 4 months under the new Canada Emergency Response Benefit (CERB)
• If you are sick, quarantined or have to self-isolate, the requirement to provide a medical certificate to access Employment Insurance will be waived

People who are unable to work
Receive up to $2,000 tax benefits for 4 months under the new Canada Emergency Response Benefit (CERB)

Additional benefits

• The government of Canada is distributing funds via the Indigenous Community Support Fund to help specific communities with specific needs. Contact them here to learn more about funding or to apply directly for assistance.
• Providing an additional $157.5 million to the Reaching Home initiative to help Canada’s homeless population
• $50 million is being provided in support for women’s shelters and sexual assault centres

Seniors

• Reduced minimum withdrawals for Registered Retirement Income Funds (RRIF’s) by 25% for 2020. 
• $9 million is being given to the United Way to help provide personal outreach and delivery of essential items.

Students

• Receive a 6-month interest free pause of the repayment of your Canada Student Loans. No application necessary.

• The Canada Emergency Student Benefit (CESB) was created to help students and new graduates who aren’t eligible for the Canada Emergency Response Benefit (CERB) or EI and are unable to work due to COVID-19. This benefit will provide $1,250/month for eligible students and $1,750/month for students with dependents or disabilities. Further details will be made available soon and can be found here.

Youth

• If you need someone to talk to please reach out through any of the contact methods for the Kid’s Help Phone.

Avoiding layoffs

• Extending the Work-Sharing program to 76 weeks from 38. This is available to workers who agree to reduce their normal working hours.
• Small business may be eligible for a 75% wage subsidies up to $847/week retroactive to March 15.

Access to credit

• Establishing a Business Credit Availability Program to provide $65 billion in support to businesses through the Business Development Bank of Canada (BDC) and Export Development Canada (EDC). This program includes:
  • Canada Emergency Business Account which provides up to $40,000 of interest free loans to small businesses and not-for-profits
  • Loan Guarantee for Small and Medium-Sized Enterprises (SMEs) through the EDC which could issue loans up to $6.45 million
  • Co-Lending Program for Small and Medium-Sized Enterprises through the BDC which will co-lend and issue loans to up to $6.25 million through financial institutions

Support for farmers
Farm Credit Canada will be issuing an additional $5 billion in credit to help Ag producers, agribusinesses and food processors. 

Supporting financial stability

• Canada Mortgage and Housing Corporation (CMHC) is launching an Insured Mortgage Purchase Program will purchase up to $150 billion to help banks and mortgage lenders
• The Bank of Canada has cut the overnight lending rate to 0.25%
• Lowering the Domestic Stability Buffer by 1.25% of risk weighted assets

More flexibility

• Businesses have more time to pay income taxes with no interest or penalties on any eligible amounts
• Deferral of Sales Tax Remittance and Customs Duty Payments for business and self-employed individuals until June 30,2020.

Support for the air transportation sector
Ground lease rents will be waived until December 2020 for 21 airport authorities

Canada Emergency Commercial Rent Assistance (CECRA)
The federal government, in partnership with all provinces and territories has reached an agreement to implement the CECRA, which aims to lower rent by 75% for small businesses impacted by COVID-19. The program will work as a forgivable loan to qualifying commercial property owners for 50% of three monthly rent payments. These loans will be forgiven if the property owner agrees to reduce the eligible small business tenant’s rent by at least 75% with the tenant paying the remaining 25%. Further details will be made available soon and can be found here.