DEADLINE FOR SMALL BUSINESS REOPENING AND SUPPORT GRANT EXTENDED TO FRIDAY, JULY 17th.
Eligible businesses include: 

• restaurants and drinking establishments
• fitness studios and gyms
• live performing arts events
• trade shows and exhibitions
• small retail 
• dental offices
• independent retail gas stations 
• those offering personal services such as massage therapy, eye care, and physiotherapy

Applications will be accepted until midnight July 17th, 2020.

Find more information and apply at https://novascotia.ca/coronavirus/small-business-reopening-support-grant/#eligibility
 

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FEDERAL GOVERNMENT EXTENDS RENT RELIEF PROGRAM
The federal government announced it will extend the Canada Emergency Commercial Rent (CECRA) program to cover eligible small business rents for July.
 
The program is administered by the Canada Mortgage and Housing Corporation and allows federal and provincial governments to help cover 50 per cent of the rent, with tenants and landlords paying the rest.
https://www.cmhc-schl.gc.ca/en/finance-and-investing/covid19-cecra-small-business?utm_medium=email&utm_source=cecra-exension-&utm_campaign=cecra&utm_content=english

 

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PHASE THREE CEBA CHANGES HAVE ARRIVED
Long-anticipated phase three changes to the Canada Emergency Business Account were finally made last Friday. The changes aim to make CEBA accessible to businesses with a payroll lower than $20,000 that have non-deferrable expenses (actual and forecasted) between $40,000 and $1.5 million for the year 2020. These include:

• sole proprietors
• businesses that rely on contractors
• businesses that pay in dividends 

Eligible businesses will qualify for financing of up to $40,000, with 25 per cent of this being forgivable based on the current terms of CEBA loans. Businesses can contact their primary financial institution for more information or to apply directly for CEBA. More information on the expanded CEBA can be found on the program’s website.