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Hello BIA membership,

In this October newsletter you'll find:

AGM RSVP
CafeTO teardown info
CEBA loan repayments
Group benefits for our BIA
New BIA website in the works

See below and, as always, feel free to reach out with any questions. 

All the best! 

Your friends at Little Portugal Toronto BIA  

     
AGM Registration

                       


Our AGM is set for November 2nd at 7:00PM Registration is required to attend.
*The meeting will be held online- please ensure that the email address you register with is the one you will use at the time of the meeting.

Here you can find the BIA Membership AGM bulletin, including the meeting agenda and summary of the proposed 2023 program and budget.


 
CafeTO: End of Season




As CafeTO operators will know, a date of November 1st has been set for removal of CafeTO patios from our BIA. As we saw during the installation period, it is very possible this date may change- we will keep you in the loop. If you don't hear anything else from us you can assume that all assets from your patio should be removed by this date. 

If you are no longer using your patio space, please clear all assets and inform us/ CafeTO that the pylons and concrete barriers can be removed.



 
CEBA Loan Repayments



Originally these loans were due this coming Dec. 31/22 in order to get the partial forgiveness.  The NEW deadline is now December 31, 2023.  Below is a link and excerpt of the information on the Federal site as well as the link to the site should you need it.
 

Program Repayment Deadlines Have Changed

The existing terms of CEBA loans require that the outstanding balance (other than the amount available to be forgiven) be repaid on or before December 31, 2022 in order to be eligible for partial loan forgiveness. The Government of Canada has announced the December 31, 2022 forgiveness repayment date will be extended to December 31, 2023 for eligible CEBA loan holders in good standing. If you qualify for the new extended term, you will be contacted with details regarding the new repayment date.

 
Benefits for the neighbourhood


We have been working with Core Ben to create a plan that we feel hits all the marks and must-haves (based on the survey sent around) for our employee benefit option.  Flexibility, affordability, business and individual customization and lots of upgrades that have been included exclusive to our BIA package. This plan allows for total flexibility and choice based on budget and offerings for each business to build the details that fit best them.  

Materials  
  • Please take a look at this brochure to learn about the package being offered to our membership. 
 
 
  • The Flex offering (as described in this brochure) is really unique; each business will be able to select the plan that works best for their group based on the budget.  Example: If your budget is $1500 per employee PER YEAR- each employee can then choose within that budget the options that best fit for them and their families.

If you have existing benefits, not to worry- switching to this value-add plan is easy and you don't have to wait for your renewal. Your current carrier requires 30 days notice in writing, and Core Ben can handle the transition. Your current levels of coverage can be grandfathered, the break-evens on this plan are top of the market and there are some financial incentives included for those organizations switching to help make the transition easier.

NEXT STEPS
Any business interested can book a one-on-one zoom call with Core Ben if that is their preference, to ask any questions and get your package set up.


Note that sign-up date is on the first of the month- once you choose your date and budget, Core Ben will take care of the rest.


 
BIA Website

  

We've just done a soft launch of our new website- currently we're still rejiging a few things and adding all of our businesses to the database. We'll be sure to let you know when it's all done- at which point we'll take any feedback you'd like to provide. 

 
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Our mailing address is:
 1166 Dundas St W suite 1A, Toronto, ON M6J 1X4

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Little Portugal on Dundas BIA · 1166 Dundas Street West · Suite 1A · Toronto, On M6J 1X4  · Canada

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