Daily Update: July 2, 2020
Supports for Business
Government Announces Extension of Rent Relief Program for Small Businesses
Today, Finance Minister Bill Morneau announced that the Canada Emergency Commercial Rent Assistance (CECRA) will be extended by one month to cover eligible small business rents for July.
In addition, to simplify the application process for all applicants, the government is removing the requirement to claw-back insurance proceeds and provincial rent supports from the CECRA forgivable loan amount for both existing and new applicants. Existing applicants who are affected will be notified and will have any previously clawed-back amounts restored to their forgivable loan.
CUSMA takes effect July 1: Minister Fir
The Government of Alberta welcomes the Canada-United States-Mexico Agreement (CUSMA), which comes into effect July 1. Alberta relies on the free flow of trade and investment for job creation across all sectors of the economy. This agreement will serve as the foundation of our economic relationship with our North American partners – including our largest trading partner the United States – for years to come. This is an important milestone for Alberta, and for Canada.
Alberta’s Corporate Tax Rate Now 8%
The job creation tax cut has been implemented a year and a half earlier than scheduled. Alberta’s general corporate income tax rate is now at least 30 per cent lower than any other provincial rate. More information
Support for Canada’s Forest Sector Economic Recovery
The government today announced that the government is launching calls for proposals for the following programs:
- The Investments in Forest Industry Transformation (IFIT) program to invest almost $83 million to bridge the gap between new product development and commercialization and ensure a more competitive and resilient forest sector, and
- The Indigenous Forestry Initiative (IFI), to invest almost $13 million to support Indigenous participation in forestry-related opportunities, businesses, careers and governance.
These three-year investments will help advance Canada’s bioeconomy while creating and maintaining jobs in Indigenous and rural communities across the country. The application process is now open and organizations are encouraged to apply on Natural Resources Canada’s website.
Supports for Individuals
Government Introduces Draft Regulations Providing Relief for Registered Pension Plans
Finance Minister Bill Morneau today announced the release of draft regulations that would help employers who sponsor a Registered Pension Plan (RPP) or salary deferral leave plan for their employees to manage and maintain their benefit obligations through the crisis. It will also assure employees who participate in salary deferral leave plans that suspending their leave of absence (e.g., via a recall to essential-service work), or deferring their scheduled leave for up to one year, will not put their plan at risk.
The proposed draft regulations would support the effective administration of such plans through the COVID-19 pandemic, providing temporary relief from various registration rules and other conditions that must be complied with under the Income Tax Regulations
Community Supports and Resources
Albertans donate generously to COVID-19 campaigns
The province thanks Albertans for donating $5 million to charities participating in the charitable giving matching donation program.The Government of Alberta supported COVID-19 response efforts by offering to match donations up to $2 million to eight designated Alberta-based registered charities made between April 15 and May 31. Albertans’ donations, combined with government’s matching dollars, raised about $7 million for the designated COVID-19 fundraising campaigns. Donations will help feed the hungry, care for seniors, support at-risk children, and keep Albertans employed.
Highway 3 twinning creates jobs, improves highways
After years of advocacy, the government has finally announced the twinning of a 46-kilometre stretch of Highway 3 between Taber and Burdett.The twinning project will support about 755 jobs and will drive economic recovery and diversification in southern Alberta. Twinning Highway 3 will improve safety along this increasingly busy portion of the highway. Construction will begin in 2021 and the project will take about three years to complete. In addition to twinning, there will be key intersection improvements, in particular at Highway 877 at Grassy Lake. This stretch of Highway 3 sees about 3,900 vehicles per day.
CCC webinar: Welcome to the Get Ready Workplace IPAC Program (July 9)
Every hospital has an infection prevention and control (IPAC) program to protect their staff, patients and visitors from communicable diseases. Now due to the COVID-19 pandemic, every workplace needs an IPAC program. Get Ready has been developing pandemic programs for hospitals for over ten years. They provide a complete certified Workplace IPAC Program to ensure employers are compliant, employees are safe and customers feel confident to use your business services. Register here
EDC webinar: Get Digital: Upping Your E-Commerce Game (July 9)
As COVID-19 continues to change the way consumers and businesses shop, adopting a strong online presence, early and fast, is critical to your company’s success. But the best practices and tools you need to establish your e-commerce presence have also changed. That’s why you won’t want to miss Export Development Canada’s (EDC’s) free webinar on Thursday, July 9, Get Digital: Upping your e-commerce game. You’ll learn how to develop your e-commerce strategy and boost your digital brand to acquire new customers. Register here
July 7: Brave New World - Navigating The Crisis And Its Aftermath. Register now.
July 7: Sustainable Finance in Post-Pandemic World. Register now
July 8: Technology Trends and Business Continuity. Register now
July 9: Welcome to the Get Ready Workplace IPAC Program Register here
July 9: Get Digital: Upping Your E-Commerce Game Register here
July 15: Profit from technology: Digital tools to drive efficiency and revenue. Register here.
July 20: How To Support Employees’ Mental Health And Well-Being During COVID-19 And Beyond. Register Now.
On Demand Webinars
Alberta Bits & Pieces Webinar. Watch Now.
Alberta Phase 2 Relaunch Town Hall Recordings. Listen Now.
Canadian Business Resilience Network Video Content
13 Ways COVID-19 and Your Business Part 1: Watch Now.
Canada Emergency Commercial Rent Assistance Program explained. Watch now.
Canada Emergency Wage Subsidy (CEWS) Explained: Watch Now.
Conflict Escalation & What to Do About It. Watch Now.
Crowdfunding through COVID-19. Watch Now.
Cybersecurity And The Ever-Evolving Work Environment, With Field Effect. Watch Now.
Destination Canada: The Visitor Economy: Watch Now.
BDC Economic Pulse (April 20): Watch Now.
Facebook: Build Your Online Presence. Watch now
Facebook: Getting Creative with your Mobile Phone, With Facebook. Watch now.
How to cope with the impacts of COVID-19 on your business. Watch Now.
How to Navigate Government Programs with KPMG. Watch Now.
The Importance of Human Resources & Being Strategic When Your Business is Being Temporarily Impacted. Watch Now.
Keeping Your Company and Employees Secure When Working Remotely. Watch Now.
Leading During a Crisis and Switching to Remote Work. Watch Now.
Maintaining Sales in the face of COVID-19. Watch Now.
Relaunching Your Business. Watch now.
Rent Relief in a World of the Coronavirus: Watch Now.
Shopify E-Commerce Tools. Watch Now.
Social Media in Crisis. Watch Now.
Strategies for How Businesses Can Persevere And Recover From COVID-19. Watch Now.
Understanding, Accessing and Optimizing the Canada Emergency Wage Subsidy. Watch Now.
Understanding Travel Insurance In The World Of COVID-19. Watch now.
What To Feel When Stressors Collide, With Canada Life. Watch Now.
Working From Home During COVID-19. Watch Now.
AMHSA, CSSE, Howatt HR, AUMA Mental Health Webinar Series. Click here.
APEX Alberta Webinars: Watch the recorded series
BDC Webinar Series. Click here.
BusinessLink: View upcoming events.
Buyandsell.gc.ca: Learn how to find bid opportunities. Register now.
CPA Small Business Webinar Series. Click here.
CPHR Alberta: HR Pandemic Essentials. Click here.
Conference Board of Canada Webinar Series: Mental Health and COVID-19. Click here.
Constant Contact Webinar Series: View the line up of sessions and register.
D2L Webinar Series: Digital Transformation for Associations. Watch Now.
Economic Developers Alberta (EDA) Wednesday weekly: Business & Economic Recovery During the COVID-19 Crisis
Free Entrepreneurial Operating System (EOS)® IDS™ sessions. Register here.
International Economic Development Council Webinar series. Watch now.
Retail Council of Canada. Register here.
School of Public Policy. Register here.
StartUp Canada Women Entrepreneur Webinar Series: Click here.
Travel Alberta Webinar Series. Watch Now.