Dear Friend,
As the effect of Covid-19 unfolds, Casa Foundation has presented various palliative measures to the Canadian Government at various levels. We remain committed to updating you with the available support that Businesses and Individuals can tap into.
Check out the available reliefs from the 3-tiers of Government
Municipal Government Updates:
Provincial Government Updates:
Summary of Support for Ontario Businesses:
- $3.7 billion in new investments for jobs
- $10 billion in short term tax deferrals including:
- Increasing the Employer Health Tax Exemption to $1 million, meaning nearly 90% of Ontario businesses won’t have to pay the tax this year.
- $1.9 billion in relief to employers by allowing them to defer WSIB payments for six months.
- Deferring property taxes, including the quarterly installment of the 1.8bn Education Property Tax
- $6 billion representing five months of interest and penalty relief for businesses to file and make payments for provincial taxes including: Tobacco, Fuel; Gas; Beer, Wine, and Spirits Tax; Mining; Insurance Premium; International Fuel, Race Tracks Tax through to August 31. This will improve cash flow for about 100,000 businesses.
- New 10% refundable Regional Opportunities Investment Tax Credit to encourage business Investment in every region of Ontario.
- Providing $9 million in direct support to families for their energy bills by expanding eligibility for the Low-income Energy Assistance Program (LEAP) and ensuring that electricity and natural gas services are not disconnected for nonpayment during the COVID-19 outbreak.
- Setting electricity prices at off-peak rates for residential, small business and farm customers, 24 hours a day for the next 45 days in order to support their increased daytime electricity usage. Click for Full details of Reliefs
Federal Government Updates:
- The Federal Government has announced the Canada Emergency Response Benefit (CERB), which will provide $2,000 a month for 4-Month
- CERB covers Canadians who have lost jobs, are sick, quarantined, or taking care of the sick
- Workers who are still employed, with no wages due to disruptions by COVID-19.
- The CERB would be paid every four weeks and be available from March 15, 2020 until October 3, 2020. Click for the Full details of Reliefs
Also don't forget to join us Online at these Upcoming Events
EP Academy-Class 12
EP Pitch night
Start up Business
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Thank you for choosing CasaFoundation & EntrepreneursPoint.
Olutoyin Oyelade
President, CasaFoundation
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