New Support Programs for Entrepreneurs
To support entrepreneurs, there are two support programs:
Working Capital Loan COVID-19 Program
Business Credit Availability Program (BCAP).
The impacts of COVID-19 are being felt across Canada and the world. Our goal is to provide you with information to support in building a plan that helps your organization make decisions, and respond quickly to what comes next.
DEFINING THE NEW NORM - BUSINESS RECOVERY
COVID-19 has been an unprecedented challenge for business owners in Canada and around the world.
There is uncertainty in our world, and many around us feel lost as we try to make sense of all that is happening. We know that with new information coming at us daily, all of us, our governments and our communities, are struggling to make the right decisions quickly and prudently. As a result of all of this, there is a real sense of stress and concern weighing on all of us.
But you are not alone. We will face these challenges together, and we will work together to take care of one another. Equitus is committed to providing our clients with sound, well researched professional advice during this pandemic. We will endeavor to communicate government benefits and best practices to help you navigate your businesses through this crisis.
WCBA - Workers Compensation Board Alberta
The Government of Alberta has recently announced new measures to provide financial support to help employers through the challenges of the global COVID-19 pandemic.
These measures include a deferral of 2020 WCB premium payments for all private sector employers until 2021. When invoicing resumes in 2021, small and medium-sized employers (those with $10 million or less in insurable earnings) will only be required to pay 50 per cent of their 2020 premiums – the other 50 per cent will be paid by the Government of Alberta. More details can be found on their new employer fact sheet.
Common Business Issues / Supports