COVID-19 News & Updates

COVID-19: Making Sense of Federal and Provincial Business Support Programs with MNP The Federal and Provincial

COVID-19: Making Sense of Federal and Provincial Business Support Programs with MNP
The Federal and Provincial Governments have made a number of announcements over the last number of days about business supports designed to assist companies through the COVID-19 crisis. What do we know, and what details do we still need to know?
Businesses are looking for answers, and much is still a moving target. Most particularly, which companies are eligible for the Canada Emergency Wage Subsidy of 75%? What is the application process, and how long is it likely to take?

Helpful Links

Leeds-Grenville–Thousand Islands and Rideau Lakes
Business Survey: COVID-19
Leaders from municipal economic development offices, Chambers of Commerce, Employment Services, Community Futures Development Corporations, Small Business Enterprise Centres, Business Improvement Areas, and local business support organizations are working together to identify how the impact of COVID-19 will be felt by our business community.

Fiscal Update – Support for Businesses and Individuals

Ontario’s Action Plan: Responding to COVID‑19 outlines the Province’s first steps to tackle the COVID‑19 outbreak head on.
The Province will continue to closely collaborate with its partners, including the federal government and Ontario’s municipalities, to protect the economy. Experience has shown this is most effective when governments work together. And this is exactly what the province has done.

Ontario Ministry of Finance

Ontario Ministry of Finance
Interest and Penalty Relief for Businesses
On March 25, 2020, the Ontario government announced a five-month relief period for Ontario businesses who are unable to file or remit select provincial taxes on time, due to the special circumstances caused by the coronavirus (COVID‑19) in Ontario.
Beginning April 1, 2020, penalties and interest will not apply to Ontario businesses that miss any filing or remittance deadline under select provincial taxes:
Employer Health Tax
Retail Sales Tax on Insurance Contracts and Benefit Plans