COVID-19 Resources for Business
The Cochrane & District Chamber of Commerce, in partnership with the Town of Cochrane, is closely monitoring and assessing new developments pertaining to COVID-19, as well as its impacts on local 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 access easily in one place.
On this website, you can find access to:
- Government Assistance
- Small Business Support
- Employment & Legal Assistance
Updated May 26, 2020
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: Town of Cochrane
- Website: Alberta Government
- 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.
Tools and Information
- Website: CBRN's National Toolkit for Busines Reopening
- Video: Cochrane Chamber Webinar with Greg Solecki about Pandemic Innovation for Business
- Website: Workplace Strategies for Mental Health
- Website: Canada Emergency Student Benefit Application
- Website: Local Two Pharmacy now offers PPE Materials!
- Zoom Meetings: Bi-Weekly Business Collaboration Zoom Meetings are held every second Thursday at 10 am. Next Meeting is Thursday, May 28th
- Slack Channel: Cochrane Business Collaboration Slack Channel for the latest information on benefits, programs, assistance, and discussions for Cochrane small businesses.
- Website: Application for the Regional Relief and Recovery Fund through the Community Futures Stream now open.
Recent Government Updates
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 the timeline. Further details to come.
AS OF May 15, 2020: The Federal government confirmed the Canada Emergency Wage Subsidy (CEWS) will be extended by 3 months to the end of August 2020.