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PROVINCIAL SUPPORTS

The Government of Ontario has released its 2020 Action Plan responding to COVID-19. Some of these benefits include:

  • Setting electricity prices for small business time-of-use customers to a new fixed electricity price of 12.8 ¢/kWh for customers that are on time-of-use (TOU) prices.  
  • Cutting taxes for employers through a temporary increase to the Employer Health Tax (EHT) exemption.
  • Introduction of the Regional Opportunities Investment Tax Credit, a new corporate income tax which will support regions lagging in employment growth.
  • Providing five months of interest and penalty relief for businesses to file and make payments for the majority of provincially administered taxes.
  • Deferring the June 30 quarterly municipal remittance of education property tax to school boards by 90 days. This will allow municipalities flexibility to provide property tax deferrals to residents and businesses.

Read more here.

Provincial Framework for Re-Opening the Economy

  • Stay up to date on Provincial health and safety guidelines guidelines: HERE
  • See the Government’s reopening guidelines, sector-specific info and posters here.
  • Stage 3 reopening consultations for businesses not yet able to open. Submit your re-opening plans: HERE

 

Programs

Energy Assistance Program for Small Business (CEAP-SB)

The COVID-19 Energy Assistance Program for Small Business (CEAP-SB) and the extension is an $8 million fund that will provide support to businesses struggling to pay electricity bills due to COVID-19. Details HERE

 

Infectious Disease Emergency Leave

Allows companies to keep employees beyond the regular 13-week lay-off period, which will prevent expensive termination costs. See the full details HERE  

 

Ontario Together Fund

The $50 million Ontario Together Fund is designed to help businesses provide innovative solutions or retool their operations in order to manufacture essential medical supplies and equipment.

Visit the website: HERE 

 

Additional info

Access Road to Retail Recovery Guide here.

Read the Re-Opening Guide for Restaurants here.

 

Blog
Leslee Mason
04 Sep, 2020

Newmarket has more than 200 years as a community under its belt. Plaques and markers spotlighting Newmarket’s rich history can be found throughout the older areas of Town, making it a great walking destination.

COVID-19 UPDATES

Funding Assistance, Government Response and More

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