This is a challenging time for many businesses across the country. The provincial and federal governments have announced a number of relief packages but the information is changing rapidly as the situation develops. The most important thing is that you, your employees, your families, and your neighbours stay safe. The best way to do this is to be aware of, and abide by, the health orders that are issued by the provinces and the federal government. The following is a list of Resources:
Here is health information related to COVID-19 from the BC Centre for Disease Control.
Here is what you need to do to stay safe.
There is currently a Provincial State of Emergency. Here is a list of the special orders from the Provincial Health Officer.
The home of the Federal Government’s COVID-19 information is located here.
We have lots of restaurants and food stores in Esquimalt. Here is information you need to know if you operate one of these.
And information specific to staying safe is located here.
Business Relief Information
Federal Information about business relief packages can be found at this link. This information changes regularly, so keep going back for updates!
And in particular, the 10% Payroll subsidy can be claimed right away. Here is the information you need that describes exactly how to do this.
The federal government is going to provide a 75% wage subsidy for eligible businesses. As of March 28 their site says: “…up to 75 per cent wage subsidy for qualifying businesses, for up to 3 months, retroactive to March 15, 2020. This will help businesses to keep and return workers to the payroll. More details on eligibility criteria will start with the impact of COVID-19 on sales, and will be shared before the end of the month.” LINK HERE
The Federal government is also creating the New Canada Emergency Business Account to make $40,000 loans available with a 25% forgiveness for eligible businesses with 2019 payrolls between $50k and $1M. – LINK
The province has implemented a number of relief packages also that include deferred taxes and direct financial support for employees who have reduced hours. Here are the main information pages:
Tax information that you need to know right now – LINK
Worksafe BC information you should know related to COVID-19 – LINK
Employees are entitled to take unpaid, job-protected leave related to COVID-19. Details at this LINK
BDC is offering new assistance to small businesses – LINK
The BC Economic Development Association has a list of resources – LINK
Esquimalt Municipal Government
The Esquimalt Township is here to help – their list of resources can be found at this link. They do have regular meetings with other provincial municipalities and the provincial government. Share your concerns with us (the Chamber of Commerce) and the Township and let us know how you’re doing! Information can be passed on to those that need to hear it. We can all work together to support each other at the local level.