Applications Now Open for Canada United Small Business Relief Fund
Small businesses can now apply online for the second round of funding through the Canada United Small Business Relief Fund. On October 20th, the Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade, announced that the Government of Canada has invested $12 million in the Canada United Small Business Relief Fund. With the increased investment from the Federal Government, this second round of funding will help thousands of small businesses across the country. Canada United is a national fundraising campaign created by the Royal Bank of Canada in collaboration with private sector partners and Chambers of Commerce. The Canada United Small Business Relief Fund, which is managed by the Ontario Chamber of Commerce, is supporting Canadian small businesses with grants of up to $5,000.
Visit https://occ.ca/canada-united-small-business-relief-fund/ for more details.
2020 Ontario Economic Report – Deadline Extended to November 3rd
The Sarnia Lambton Chamber of Commerce and the Ontario Chamber of Commerce are looking for your insight on what matters to business amidst this pandemic. The interactive results from the first round are LIVE! https://occ.ca/economic-snapshot-views-from-ontarios-business-community/
This survey will take a deeper dive on business confidence as well as other pressing issues. Tell us how confident you are in Ontario’s economy and recovery, and what your organization’s outlook is for 2021. Share your views by taking a short three-minute survey here: https://www.research.net/r/2020_Wave2_OCC?%20Sarnia_Lambton.
Canada Emergency Business Account Now Open to Businesses Using Personal Bank Accounts
On Monday, during his remarks at the Canadian Chamber of Commerce AGM and Conference, Prime Minister Justin Trudeau announced that effective immediately, businesses currently operating through a personal bank account will now be able to access the Canada Emergency Business Account (CEBA). To be eligible, businesses must have been operating as a business as of March 1, 2020, must successfully open a business account at a Canadian financial institution that is participating in CEBA, and meet the other existing CEBA eligibility criteria. The deadline to apply for CEBA is December 31, 2020.
Read the full news release here.
Time-of-Use or Tiered Electricity Prices? You Now Have A Choice! If you’re a residential or small business customer that pays Time-of-Use (TOU) electricity prices, you now have a choice. You can contact your electricity utility and opt-out of TOU and pay Tiered prices instead, choosing the price plan that’s right for how you consume electricity. With TOU, the price you pay depends on when you use electricity whereas with tiered prices, you use a certain amount of electricity each month at a fixed price anytime of the day. Once you exceed that limit, a higher price applies.
If you want to continue paying TOU prices, no action is required. If you’re considering a switch to Tiered prices, get a price comparison using the OEB’s online bill calculator at www.oeb.ca/calculator.
For more information on choosing the price plan that is right for you, visit www.oeb.ca/choice.