WESTERN E-NEWS August 2020 |
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Dear Members,
I encourage you to sign up for the Atlantic Impressions to contribute to the success of all Businesses . Business Insight Community Reveals Their Revenues Declined During Shutdown & Anticipate They Will Decline in Coming Months.
"In it’s first Insight survey of business in Atlantic Canada, members of the Atlantic IMPRESSIONS Insight Community revealed that while 28% have seen their revenues grown slightly or seen no impact, 74% have seen their revenues reduce anywhere in the range of 10-100%. While it is encouraging to see that 43% expect to see their revenues grow in the next 6-12 months, 59% of respondents anticipate their revenues will decline anywhere in the range of 10-99%.
You can see the full impact their reporting on other costs, employment impacts and government program use and if they are meeting their needs. The full results have been shared back directly to government and our community members. " Atlantic Chamber of Commerce
Sign up to participate and receive exclusive advance notice of results. Your feedback is vital as chambers work together to communicate to government officials.
Tammy Rix
Executive Director
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Top reasons why people are joining Atlantic IMPRESSIONS:
• to contribute to the success of Atlantic Canadian business
• to gain a line of sight to others’ perspectives
• to have an impact on the decisions that affect them
• to voice their opinions
Join in, share your perspective, and inform the decisions that can impact you.
Join Today!
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Prince Edward Island Updates
New council to help Island rural development, Islanders in rural PEI will benefit from a new council that will help ensure government decisions support various aspects of rural Prince Edward Island, such as people, communities, wellness and the environment. The 12-member Rural Communities Council will review government strategies, policies and decisions through a rural lens to help identify any potential impacts to rural PEI.
Federal Updates
Canada Revenue Agency Announces Extension
The CRA is extending the payment due date for current year individual, corporate, and trust income tax returns, including instalment payments, from September 1, 2020, to September 30, 2020. Penalties and interest will not be charged if payments are made by the extended deadline of September 30, 2020. This includes the late-filing penalty as long as the return is filed by September 30, 2020.
Government announces transition from CERB to Employment Insurance
Ottawa will also create a “transitional, parallel benefit” that is similar to EI for people who don’t qualify for the unemployment benefit, such as contract and gig workers.
CEBA Extension: Dividends now Accepted!
Minister of Finance Bill Morneau announced that applications will be accepted so that owner-operated small businesses that had been ineligible for the program due to their lack of payroll, sole proprietors receiving business income directly, as well as family-owned corporations remunerating in the form of dividends rather than payroll will become eligible this week.
Eligible businesses will qualify for financing of up to $40,000, with 25 per cent of this being forgivable based on the current terms of CEBA loans. Businesses can contact their primary financial institution for more information or to apply directly for CEBA.
New mobile app to help notify Canadians of potential COVID-19 exposure now available
Prime Minister Justin Trudeau and the Premier of Ontario, Doug Ford recently announced that COVID Alert, a new national mobile app, is now available to Canadians for free download. The app, first developed in Ontario, helps notify users if they may have been exposed to someone who has tested positive for COVID-19.
Use of COVID Alert is voluntary and serves as another tool to help limit the spread of COVID-19. Once the app is fully functioning in their province or territory, users who test positive for COVID-19 will receive a one-time key from their health authority that they can enter into the app. When the key is entered, COVID Alert will notify other users who may have come in close contact with that person for at least 15 minutes in the past 14 days, so they can contact their local public health authority for guidance.
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YOUR INVITED!
The West Prince Chamber of Commerce in partnership with North Cape Coastal Drive and our member host Lisa & Paul Reid of Briarwood Coastal Cottages & Lodge have come together to host a Summer Member Mixer. It will be an easy-going relaxed atmosphere to catch up and enjoyed a seated meal with other fellow members. Please reserve your ticket as we are limted to 50 seats only. The deliscious meal will be catered by the lovely Carol Rybnski of Tyne Valley Teas Cafe. Entertainment by Danalee Lynch-Veinotte. A cash bar will be available. Sign up and register today or call Hanna at 902-853-3616 ext 237. Gluten Free Option is available. Only 20 Tickets remaining!
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4th Annual Fun Golf Outing |
4th Annual Golf Outing Fundraiser sponsored by Credit Unions. We have 10 teams registered and room for more! Sign up today! Friday, September 11th at 1:00 PM.
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Do you have news you would like to share with other members. Contact Tammy or Hanna today! |
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- The Rural Jobs Initiative will fund up to 75 per cent of positions up to a rate of 15.60 per hour (inclusive of vacation pay) for up to 14 weeks based upon funding of a 40 hour week.
- The program expires March 31, 2021. No claims for funding will be accepted with expenditures incurred after that date.
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Toolkit for reopening Canadian Businesses |
With this document in hand, you should have the resources you need in order to:
- Update your Operations Plan.
- Update your Health and Safety Plan.
- Communicate those plans and procedures to your staff, customers and suppliers.
- Know how to access any required personal protective equipment.
- Continue to access government financial supports.
- Understand the social services, such as childcare, that are available to you and to your staff.
- Be aware of the wide array of additional supports, resources and guides that are available.
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Canadian business confidence points to recover |
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Wearing non-medical masks in the Community |
The PEI Chief Public Health Officer recommends that individuals, who can wear a non-medical mask, should do so, especially indoors when physical distancing cannot always be maintained.
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Trusted, Engaged, Responsive and in your Community! Refer a local business to join today!
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