COVID-19 support hub for St. Albert – Edmonton

The Export Development Canada (EDC) and the Business Development Bank of Canada (BDC) will provide more than $65 billion in direct lending and other support at market rates to businesses. Businesses will need to contact their financial institution in order to assess eligibility.

Small Business Loan

Eligible businesses could receive up to $100,000. Applications can be made online. Capital payment can be postponed for the first 6 months and the loan can be repaid over 5 years.

Working Capital Loan

This loan is available for businesses requiring funds to bridge cash flow gaps and support operations.

Learn more

Purchase Order Financing

Learn more

For more information and support, please contact a BDC representative:

Call: 1-877-232-2269 (Mon-Fri 7:30am to 8:00pm ET / Sat-Sun 9:00am to 5:00pm ET)

Export Development Canada is available to help Canadian exporters:

More information

Email: tradeadvisor-conseiller@edc.ca

Call: 1-800-229-0575 (9am to 5pm ET)

Employers will get a subsidy of up to 75%* if they continue to pay their employees.

The subsidy covers 75% of an employee’s wages – up to $847 per week – for employers of all sizes and across all sectors who have suffered a drop in gross revenues of at least 15% in March, and 30% in April and May.

The program will be in place for a 12-week period, from March 15 to June 6, 2020.

Temporary 10% Wage Subsidy

The Temporary 10% Wage Subsidy is a three-month measure that will allow eligible employers to reduce the amount of payroll deduction required to be remitted to the Canada Revenue Agency (CRA).

Work Sharing program extension

Extension of the maximum duration of the Work-Sharing program from 38 weeks to 76 weeks for employers affected by COVID-19.

Temporary changes to Canada Summer Jobs program

New changes will enable employers to do the following:

• receive an increased wage subsidy, so that private and public sector employers can also receive up to 100 per cent of the provincial or territorial minimum hourly wage for each employee;
• extend the end date for employment to February 28, 2021;
• adapt their projects and job activities;
• hire staff on a part-time basis.

Additional information for businesses:

International trade:

Canada Business Resilience Network:

Covid 19 Small Business Help Centre:

The Federal government will provide a taxable benefit of $2,000 every 4 weeks for up to 16 weeks to eligible workers who have lost their income due to COVID-19.

The CERB is available to workers who meet all of the following conditions:

• live in Canada and are at least 15 years old
• stopped working because of COVID-19 or are eligible for EI regular or sickness benefits
•  have not voluntarily quit their job
• had income of at least $5,000 in 2019 or in the 12 months prior to the date of their application.

The average additional benefit will be close to $400 for single individuals and close to $600 for couples.

Reduction in minimal withdrawal for Registered Retirement Income Funds

The required minimum withdrawal from registered retirement income funds (RRIFS) will be reduced by 25% for 2020.

The federal government is providing up to an extra $300 per child through the Canada Child Benefit (CCB) for 2019-20. This will mean approximately $550 more for the average family.

All student loan borrowers will automatically have their loan repayments and interest suspended until September 30, 2020. Students do not need to apply for the repayment pause.

The federal government is making temporary changes to the Canada Summer Jobs program to allow employers to:

• receive an increased wage subsidy, so that private and public sector employers can also receive up to 100 per cent of the provincial or territorial minimum hourly wage for each employee;
• extend the end date for employment to February 28, 2021;
• adapt their projects and job activities;
• hire staff on a part-time basis.

The Federal government will work with provinces and territories through a new transfer to cost-share a temporary top up to the salaries of low-income workers (those who earn less than $2,500 per month on a full time basis)

New individual tax filing deadline: June 1, 2020.

Payment of any income tax owing until September 2020.

1-800- O- Canada ( 1-800-622-6232)

Canada Revenue Agency:

1-800-959-8281 help with MyAccount

1-800-387-1193 help with benefits

1-866-426-1527 help with benefits for callers in the North

To date, the government of Alberta has committed $7.7 billion so far:

•  $500 million for healthcare
•  $60 million for community organizations, including emergency and homeless shelters
•  $50 million for emergency isolation support
• $3.6 billion to date in total loans to consumers and businesses that qualified for deferrals through the ATB Financial customer relief program
• $45 million to waive interest on student loans

For more information:

https://www.alberta.ca/assets/documents/covid-emergency-support-measures.pdf

https://www.alberta.ca/covid-19-supports-for-albertans.aspx

Call: 1-310-0000 toll free in the province Call 2-1-1 for information about support in your community

The government of Alberta has implemented a 6 month interest free moratorium on Alberta student loan repayments.

Residential customers can defer electricity and natural gas bill payments for the next 90 days. For more information: 

Eligible working Albertans can receive a one-time emergency isolation support payment of $1,146.

Residential property tax rates will be frozen at last year’s level.

The province has a program for low income renters. For more information, you can call: 780-422-0122.

Additional information can be found on the following website:

Number for Alberta information service for renters and landlords: 1-877-427-4088

Personal banking customers can apply for a deferral on their ATB loans, lines of credit and mortgages for up to 6 months.