NMM has curated the following list of relevant COVID-19 Resources for our IDM community. We hope you find them helpful.
Please feel free to contact us if you have any questions.
Canadian businesses, non-profit organizations, or charities who have seen a drop in revenue due to the COVID-19 pandemic may be eligible for a subsidy to cover part of their commercial rent or property expenses, starting on September 27, 2020, until June 2021.
- Meet at least one of these conditions:
- You had a CRA business number on September 27, 2020; OR
- You had a payroll account on March 15, 2020, or another person or partnership made payroll remittances on your behalf; OR
- You purchased the business assets of another person or partnership who meets the condition above, and have made an election under the special asset acquisition rules
- Are an eligible business, charity, or non-profit (eligible entity)
- Experienced a drop in revenue
- Have eligible expenses
As a Canadian employer who has seen a drop in revenue due to the COVID-19 pandemic, you may be eligible for a subsidy to cover part of your employee wages, retroactive to March 15.
This subsidy will enable you to re-hire workers, help prevent further job losses, and ease you back into normal operations.
- Have had a CRA payroll account on March 15, 2020
- Have experienced a drop in revenue
- Be one of the following types of employers
- corporations (or trusts) that are not exempt from income tax (Part I of the Income Tax Act)
- the following persons that are exempt from income tax (Part I of the Income Tax Act):
- non-profit organizations
- agricultural organizations
- boards of trade
- chambers of commerce
- non-profit corporations for scientific research and experimental development
- labour organizations or societies
- benevolent or fraternal benefit societies or orders
- registered charities
- partnerships consisting of eligible employers
- the following prescribed organizations:
- certain Indigenous government-owned corporations that carry on a business
- partnerships consisting of eligible employers and certain Indigenous governments
- registered Canadian amateur athletic associations
- registered journalism organizations
- private schools or private colleges, and
- partnerships consisting of eligible employers (including partnerships where at least 50% of the interests in the partnership are held by eligible employers)
This $55 billion program provides interest-free loans of up to $60,000 to small businesses and not-for-profits. Repaying the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 33 percent (up to $20,000).
- Has an active CRA Business Number (BN) with an effective date of registration on or prior to March 1, 2020.
- Has an active business chequing/operating account with the Lender at the time of applying for CEBA. Note: If Borrower currently does not have a business chequing/operating account the Borrower must create one at their primary financial institution before applying for CEBA.
- Has not previously used the Canada Emergency Business Account Program (the “Program”) and will not apply for support under the Program at any other financial institution.
- Intends to continue to operate its business or to resume operations.
Businesses heavily impacted by COVID-19 can access guaranteed, low-interest loans of $25,000 to $1 million to cover operational cash flow needs.
These loans are for small and medium-sized businesses that have seen their revenues decrease by 50% or more as a result of COVID-19.
- The Government of Canada: People Outside Safely Together
- Province of Manitoba: Restoring Safe Services
- Province of Manitoba: COVID Update Page
- City of Winnipeg: Latest Updates
Chamber of Commerce Resources
- Canadian Chamber of Commerce: Crisis Communications Planning Guide
- Manitoba Chambers of Commerce: Back to Business Toolkit
- Winnipeg Chamber of Commerce: Pandemic Preparedness Toolkit
- Winnipeg Chamber of Commerce: Tip for reopening your business during COVID-19
Other Business Resources
- Cushman & Wakefield: The Safe Six – Workplace Readiness Essentials
- Economic Development Canada: COVID-19 Business Resources
- Canadian Business Resiliency Network: National toolkit for reopening Canada’s Economy
- Retail Council of Canada: Retail Recovery Playbook and Retail Recovery Checklists
- KPMG: Beyond this challenge
- TDS Law: TDS’ COMPASS Pro Bono Program
- National Reopening Government Regulation Tracker