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COVID-19 Business Resources

The District of Squamish is working with our partners to share information, resources and support to our local business community as we receive updates.

We understand there is a wealth of information out there regarding COVID-19 and it can be difficult to navigate the numerous links and web pages. Below you will find our official Key Resources, which are being updated daily, so all of the information you require is in one place.

Federal Government Update for SMEs March 27

  • There will be a 75 per cent wage subsidy for qualifying businesses, for up to 3 months, retroactive to March 15, 2020. This will help businesses to keep and return workers to the payroll. More details will be shared before the end of the month.
  • Businesses, including self-employed individuals, are allowed to defer all Goods and Services Tax/Harmonized Sales Tax (GST/HST) payments until June, as well as customs duties owed for imports. It will help businesses to continue to pay their employees and their bills, and help ease cash-flow challenges across the country.
  • The new Canada Emergency Business Account has been launched. This program will provide up to $25 billion to eligible financial institutions so they can provide interest-free loans to small businesses. These loans – guaranteed and funded by the Government of Canada – will ensure that small businesses have access to the capital they need, at a zero per cent interest rate.
  • The new Small and Medium-sized Enterprise Loan and Guarantee program has been launched that will enable up to $40 billion in lending, supported through Export Development Canada and Business Development Bank, for guaranteed loans when small businesses go to their financial institutions to help weather the impacts of COVID-19.

The Government of Canada will be releasing more information on Monday, March 30.

Where to Start

Whether you are self-employed, a small business owner, or an entrepreneur – you shouldn’t have to worry about having to lose your business or your job.

 To get the help you need: 

  1. Visit the Government of Canada's website for businesses for information about supporting your employees and your business. It is constantly updated as the COVID-19 crisis evolves.
  2. Contact your local financial institution. Since most small businesses have a relationship with their local financial institution already, the Federal government has worked with the financial sector to increase their lending capability to support you in in this challenging time. They are a good first place to start for help.
  3. Download the Canada Business App to find tailored supports to address your needs in the face of COVID-19.
  4. Consult the Squamish Chamber of Commerce's COVID-19 Response page and download the Canadian Chamber of Commerce’s pandemic preparedness guide to help prepare your business in the days and weeks to come.
  5. Read the Federal Government Support for SMEs FAQs and the Economic Response Plan FAQs.

Key Resources

COVID-19 Resources for BC Businesses - The BCEDA (British Columbia Economic Development Association) has created one document with all of the relevant and current information, tools and resources for businesses in B.C and they are updating this on a daily basis.

Canada's COVID-19 Economic Response Plan - Government of Canada's support for Canadians and Businesses.

Small Business BC: Resources for Small Businesses Affected by Coronavirus - a joint resource provided by Small Business BC and the BC Government Small Business Branch offering press releases, articles and webinars.

List of Current Squamish Business Operations - The Squamish Chamber of Commerce is updating this list of their members status on a daily basis.

FAQs relating to COVID-19 and small businesses in B.C. - Small Business BC has gathered the most common questions in one convenient place for our community to reference. 

 

Should you still have any specific questions, please do not hesitate to reach out to the Economic Development Team