COVID19 Business Grants & Resource Guide. Adster Creative’s Business Continuity Plan.
Updated 2020-12-09 | 10:00am MST
We understand that you – like many business owners – aren’t sure what to do when a global health pandemic forces you to alter how you are operating. We are here for you, and not just for advertising! We have many processes, tools, and systems that we would be happy to share with you when and if the time comes. Working remote and conducting meetings via screen shares are core to our business and we’ve successfully utilized these systems for over a decade.
As of March 15th, 2020 our entire team is working remotely to assist you! All meetings (existing, new) are done remotely using Google Hangouts, Zoom etc. as we’ve utilized this technology for over 10 years.
A few highlights:
- We are looking for strategic ways to assist you in managing your marketing budget
- We believe that the way through this will be (and has always been) to consistently demonstrate value to you our clients – we are trying to set the example, and have a plan to help you do the same!
We’ve put together resources here that we’ll update frequently to assist you and your customers (both from a marketing and business lens):
- As a Canadian employer whose business has been affected by COVID-19, you may be eligible for a subsidy of 75% of employee wages for up to 12 weeks, retroactive from March 15, 2020, to June 6, 2020.
- As of July 2020, the subsidy rate ranges, pending your revenue drop.
- Last updated: October 15, 2020.
- Businesses can apply for grant funding in one of two phases:
- Phase 1: Matching microgrants for businesses adapting to COVID-19 (June–December 2020). Most microgrants will be $1,000.
- Phase 2: Details on Phase 2 are pending.
- Canada Emergency Commercial Rent Assistance (CECRA) program is for small businesses that, will seek to provide loans and/or forgivable loans to commercial property owners who in turn will lower or forgo the rent of small businesses for the months of April (retroactive), May, and June.
- 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.
- This subsidy will provide payments directly to qualifying renters and property owners, without requiring the participation of landlords.
- Starting early the week of December 14, job creators who have experienced a 30% revenue loss due to the COVID-19 pandemic will qualify for the program, lowering the threshold from the existing 40% revenue loss requirement. This 30% threshold will be available to impacted businesses retroactive to March.
- Alberta businesses affected by the public health orders in effect from November 6, 2020 and later will also be eligible to apply for a second payment through the program.
- Job creators that meet the program’s eligibility criteria will be able to apply for 15% of their pre-COVID-19 monthly revenue up to a maximum of $5,000 in funding for their first payment, and a maximum of $15,000 for their second payment
- A remittance subsidy equal to 10% over 3 months, up to a maximum subsidy of $1,375 per employee and $25,000 per employer has been set up for small business owners. Businesses will be able to benefit immediately from this support by reducing their remittances of income tax withheld on their employees’ remuneration.
- Originally launched on April 9, 2020, CEBA is intended to support businesses by providing financing for their expenses that cannot be avoided or deferred as they take steps to safely navigate a period of shutdown, thereby helping to position businesses for successful relaunch when the economy reopens.
- 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 25 percent (up to $10,000).
- As of October 26, 2020, eligibility for CEBA has expanded by removing the previous March 1, 2020, condition for having an active business chequing/operating account. With this removal, eligible businesses can now apply after opening a business chequing/operating account with their primary financial institution. For more information about this new criteria or other criteria established since the launch of CEBA we recommend you visit the FAQs.
- The Canada Revenue Agency will allow all businesses to defer, until after August 31, 2020, the payment of any income tax amounts that become owing on or after today and before September 2020.
- For individuals (other than trusts), the return filing due date will be deferred until June 1, 2020. However, the Agency encourages individuals who expect to receive benefits under the GSTC or the Canada Child Benefit not to delay the filing of their return to ensure their entitlements for the 2020-21 benefit year are properly determined.
- Small business owners can get up a loan, online, for up to $100k for their business.
- Allows for eligible employers to retain skilled employees and workers to remain employed during the temporary downturn in business due to COVID-19
- Facebook is offering $100M in cash grants and ad credits for up to 30,000 eligible small businesses in over 30 countries where they operate.
- The Alberta government will provide immediate financial relief to Alberta’s families and vulnerable populations.
- Canadian Federation of Independent Businesses resource guide
Some of the questions our account and strategy team will ask during our calls with you as, we are looking for ways to help YOU and your CUSTOMERS through this!
- Tell me a little bit about what you are seeing on your end?
- How does this affect you, directly or indirectly?
- Are your employees working remotely? If so, can anything Adster uses internally, help you be productive remote (ie: Google Hangouts, Google docs, etc)?
- Are you experiencing other disruptions to your business processes?
- How does it impact your customers?
- Action plan (for our team)
This is an uncertain time for business of all types, and the situation changes by the hour. Let us know how we can help – we’re in this together!