COVID-19 Business Continuity & Recovery Information
Last Update: 06/01/2020, 12:00PM
The Hamilton Chamber of Commerce, in partnership with the City of Hamilton, Hamilton Economic Development, and the Flamborough and Stoney Creek Chambers of Commerce, are closely monitoring and assessing new developments pertaining to COVID-19, as well as its impacts on Hamilton business.
As business owners, employers, employees, and citizens, we recognize that this rapidly changing situation with COVID-19 is causing worry and concern.
To support you through this uncertainty, we have gathered and prepared several resources that you can navigate through on the green drop-down menu (on mobile) or on the left hand navigation (on desktop).
On this website, you can find access to:
- Government Assistance
- Small Business Support
- Exporting & Trade Resources
- Employment & Legal Assistance
- Transportation Resources
- Support for Musicians, Artists & Creative Industries
Stay up-to-date on the rapidly evolving situation, and on the nature of the virus itself, by frequently checking municipal, provincial, and national websites.
- Website: City of Hamilton
- Website: Hamilton Public Health
- Website: Government of Ontario: COVID-19 information for Ontarians (information is also available in multiple languages)
- Website: COVID-19 Ontario
- Website: COVID-19 Ontario: Tackling the Barriers
- Website: Canada Coronavirus disease (COVID-19) page
- App: Canada Self-Assessment Tool
- Website: Centre for Disease Control (CDC) and Prevention: COVID-19 Resources
- Website: World Health Organization (WHO): COVID-19 Updates
- Data: The Economic Recovery Dashboard (c/o Deloitte) monitors the health, social, financial, and economic activity in Canada, that will signal when the rebound is coming.
Recent Government Updates
For all older updates, please click here.
AS OF June 1, 2020: The Ontario government announced that it has enacted a new regulatory amendment that will put non-unionized employees on Infectious Disease Emergency Leave during the COVID-19 outbreak any time their hours of work are temporarily reduced by their employer due to COVID-19. This will ensure businesses aren’t forced to terminate employees after their ESA temporary layoff periods have expired.
Terminations triggered when temporary layoffs exceed the permitted length under the Employment Standards Act can result in costly payouts. Under the new regulatory change to the Employment Standards Act, non-unionized employees who have had their hours reduced or eliminated because of the pandemic will be deemed to be on Infectious Disease Emergency Leave. Workers will remain employed with legal protections and be eligible for federal emergency income support programs.
The regulatory amendment applies retroactively to March 1, 2020 and will expire six weeks after the declared emergency ends. The regulatory amendments do not include employees represented by a trade union.
AS OF May 25, 2020: The Government of Canada announced the launch of a four-week hotline service called the Business Resilience Service. This service will help entrepreneurs and small business owners in need of financial planning advice, particularly those who may not have access to an accountant. The service will also be open to not-for-profit organizations and charities.
The hotline is a national, bilingual service operated by the Canadian Chamber of Commerce. As of today, small business owners with pressing financial needs can call 1-866-989-1080 (toll-free) seven days a week, from 8 a.m. to 8 p.m. (ET).
Business advisors—125 members of Chartered Professional Accountants Canada (CPA Canada)—will be available to provide customized financial guidance to the smallest business owners in the most urgent need and help them make the best decisions for their business as they navigate this crisis. Advisors can answer questions about tax regulations and the implications of COVID-19, inform business owners about government support programs that best fit their unique circumstances, and provide strategic financial planning for their road to recovery.
As of May 20, 2020: Prime Minister Trudeau announced the commercial rent program application portal opens May 25th. To apply for commercial rent program, go to http://cmhc.ca
AS OF May 19, 2020: Prime Minister Trudeau announced CEBA (emergency business loan of $40,000) will soon be extended, some details have been provided.
The program will be available to a greater number of businesses that are sole proprietors receiving income directly from their businesses, businesses that rely on contractors, and family-owned corporations that pay employees through dividends rather than payroll.
To qualify under the expanded eligibility criteria, applicants with payroll lower than $20,000 would need:
- a business operating account at a participating financial institution
- a Canada Revenue Agency business number, and to have filed a 2018 or 2019 tax return.
- eligible non-deferrable expenses between $40,000 and $1.5 million. Eligible non-deferrable expenses could include costs such as rent, property taxes, utilities, and insurance.
Expenses will be subject to verification and audit by the Government of Canada. Funding will be delivered in partnership with financial institutions. More details, including the launch date for applications under the new criteria, will follow in the days to come.
AS OF May 19, 2020: Prime Minister Trudeau announced CEBA (emergency business loan of $40,000) will soon be extended to cover sole owner-operators, businesses who rely on contractors, and family-owned businesses who pay employees through dividends. Minister Mary Ng is ‘working on potential solutions’ for business owners without a business account and new businesses that haven’t filed tax returns yet. No details on timeline. Further details to come.
For all older updates, please click here.
We are in this together. Tell us how we can best support you during this time of uncertainty.