Curl BC Curl BC

LIVE SCORING

Looking for support?

October 30, 2020

Curling centres across BC can access financial resources that will support them through the Covid-19 pandemic.

Some of the programs that were launched at the start of the pandemic have been adjusted to meet the current business needs of our communities.

Here is a review of some of those resources:

The Canada Emergency Wage Subsidy may get extended to June 2021. It is designed to ensure businesses can continue to pay their employees. You can get a base subsidy for each of your eligible employees. The amount you get per employee is based on your revenue drop. Visit https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-wage-subsidy.html for more information.

The Canada Emergency Bank Account is now worth up to $60,000, up from the initial $40,000.

  • You apply through your financial institution.
  • 50% of the loan would be forgivable if repaid by Dec 31, 2022, so possible that applicants could access up to $30,000 that they won’t have to pay back.
  • Can make loan repayments on principle amount anytime without any financial penalties; full repayment is due Dec 31, 2025, with repayment schedule online.
  • Can be combined with CEWS.
  • Can apply for additional $20,000 if already applied for, and approved for initial $40,000.
  • https://ceba-cuec.ca/

Regional Relief and Recovery Fund information is available at https://www.wd-deo.gc.ca/eng/20059.asp.

  • Secondary option if cannot qualify for CEBA.
  • More complicated application process than CEBA.
  • 3 regions for BC – Greater Victoria, Greater Vancouver, Rural.
  • There is an online eligibility assessment.

The Province of British Columbia has created a Small + Medium size business recovery grant. Visit https://www.bcbusinessrecoverygrant.com/.

  • Business must have employed between 2 – 149 BC residents, and show a drop in income since March 10, 2020.
  • Must have had a positive cash flow before Covid-19.
  • Must work with an identified professional as part of receiving the grant.
  • Must have accessed other federal financial supports.