Covid-19 Resources and Support

LAST UPDATED: May 27, 2020

We believe it’s important during these challenging times to ensure that all businesses, not just our current members, have access to critical resources to help you manage the economic impacts of the COVID-19 virus. Our COVID-19 resource page is the place to find this information.

For Businesses Owners and Executives

4 helpful articles from our member Accounting Firm Manning Elliott’s website

  1. Government of Canada Announce Tax Extensions and Other Measures
  2. U.S. Tax Payment Deferred until July 15, 2020
  3. Filing Deadline Extension Announced by the Canadian Securities Administrators
  4. Guidance on the Temporary Wage Subsidy

Federal Government – Economic Response Plan

BC Provincial Government – Financial Support

Tools and strategies for your leadership team to perform at its highest level during COVID-19 crisis – A recommended link to Result’s COVID-19 crisis website.

What COVID-19 Reveals About Your Leadership as a CEO – A great read and provides some perspective on how our best business leaders and facing this unprecedented challenge.

Work Sharing – Eligibility – a recommended link from Richard Johnson, Kent Employment Law

Updates from the Burnaby Board of Trade

Changes to Employment Insurance – Changes to make it easier for workers to get benefits and employers to reduce hours while keeping staff

Supports for Individuals/Workers – The Emergency Care Benefit, Enhanced Canada Child Benefit, and GST Bonus Credit will provide additional financial support federally, and the BC Emergency Benefit for Workers will provide $1000 payments

Travel Restrictions – The Canada-US border has been closed; Visits by non-citizens/permanent residents banned; Canadian international travel severely restricted

10% Wage Subsidy for Businesses – Immediate subsidy for small businesses to cover 10% of wages for up to 3 months. This subsidy will cover a maximum of $1,375 per employee and $25,000 in total per employer and is available immediately.

Extended Work-Sharing Program – The Government of Canada is Implementing the EI Work Sharing Program, which provides EI benefits to workers who agree to reduce their normal working hour as a result of developments beyond the control of their employers, by extending the eligibility of such agreements to 76 weeks, easing eligibility requirements, and streamlining the application process.

Business Credit Availability Program – The federal government has announced $10 billion in funding for establishing a Business Credit Availability Program which will provide working capital loans of up to $2 million with flexible terms and payment postponements for up to 6 months for qualifying businesses will be made available. This funding can be used to pay leases/rent, utilities, wages payable and other obligations.

Delay Income Tax Payments – Canada Revenue Agency will allow all businesses to defer, until after August 31, 2020, the payment of any income tax amounts that become owing on or after today and before September 2020.

Covid-19 and the Workplace: What Employers Need to Know – Written by Kent Employment Law, this article provides some guidance to business owners and executives in terms of their obligations in reference to employment standards and appropriate guidelines for various employee-related scenarios.

Free Consulting/Support – A number of local business owners and consultants (including one of our VP’s) are offering complimentary support to businesses that need some advice or guidance.

Setting up and Managing Your Company to Work Remote – One of our VPs, Kevin McLeod, has written a blog based on over a decade of experience of managing a remote team. Kevin is also offering 20 minute consulting sessions to anyone that needs some support. Contact Kevin directly if you’d like some advice/tips.

More FREE support needed. If you would like to offer some FREE support to fellow VanEx members, please email our Executive Director Patricia Tait and we will update this list.

For Employees and Their Families

The support being offered by the Canadian government to employees and individuals seems to be changing daily. So, the best resource available for employees is the Government of Canada’ Economic Response Plan.

VanEx Events and the IEA

Past President’s Dinner 2020 –  postponed to Spring 2021
 
Predator Ridge 2020postponed to Spring 2021
 
2020 IEA Business Innovation Summitpostponed to Spring 2021
All IEA BIS marketing campaigns have been put on hold for now. More info to follow as we navigate the next few months.

Additional Resources for VanEx Members

We understand that these are challenging times. As a 100-year old association, we have withstood and remained resilient through other crises. We will continue to do so. If you are a current member of VanEx and need additional support, please don’t hesitate to email our Executive Director, President or one of our Vice Presidents. We remain committed to supporting our membership in whatever way we can and will do our best to “Stay Connected”.

Stay healthy and stay positive!

The VanEx Board of Directors

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