Ottawa Invests Additional $60-Million To Help Small Businesses In Atlantic Canada
The Trudeau government says the fund has helped protect 9,000 jobs in more than 1,300 small- and medium-sized enterprises in the Atlantic provinces.
The Trudeau government says the fund has helped protect 9,000 jobs in more than 1,300 small- and medium-sized enterprises in the Atlantic provinces.
Federal small business minister Mary Ng does a virtual tour of Maritime businesses, says the Atlantic Bubble is “an excellent initiative” to help small companies in the tourism sector.
Money from the program will flow to seven priority areas, including funding for Covid-19 testing and contact tracing, vulnerable populations, and personal protective equipment for frontline and essential workers.
The Fish Harvest Benefit will be available for those whose fishing income fell more than 25 percent this tax year.
Businesses and charities can get up to $847 per week per employee through the CEWS. The money can be directly deposited through banks.
Prime Minister Justin Trudeau announced new measures to help Canadians cope with COVID-19 as the country also mourns a mass killing that claimed the lives of at least 19 people in Nova Scotia.
For the COVID-19 test kits, LuminUltra supplies the chemicals needed to get swab samples ready to go into a machine that would then determine the presence of the virus.
More help is also on the way for workers in an array of sectors, from oil and gas to arts, culture and sports.
Businesses across the country will receive a 75 percent wage subsidy to help them cope with the financial hardships of the coronavirus crisis.
Canada’s COVID-19 aid package also includes a boost to the GST credit, Child Tax Benefits and the manufacturing capacity of companies to help produce medical equipment.