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Covid-19 Resources

Although we strive to provide accurate, relevant and timely information, there is no guarantee that the information will continue to be accurate in the future. Government programs, and other programs available to small businesses, can change daily. The information we provide you through this website is for educational and informational purposes only. For advice that pertains to your unique business situation, please get in touch with us at 1.800.265.1002 or email at fbc@fbc.ca

Government Alerts

Saskatchewan Budget Report 2021

Last updated: Apr. 12, 2021  On April 6, 2021, Saskatchewan Finance Minister Donna Harpauer presented the province’s fiscal 2021-22 budget. We’re seeing exactly what we expected in this budget – an increase in health care spending to fight the pandemic. The province is also putting more money towards education, social services, child care and capital … Read more

Nova Scotia Budget Report 2021

Last updated: Apr. 5, 2021  On March 25, 2021, Nova Scotia Finance Minister Labi Kousoulis presented the province’s fiscal 2021-22 budget. No surprises here – Nova Scotia is spending more on health care like other provinces. On the business side, they announced property tax relief for small business owners and the extension of the Equity … Read more

Canada Emergency Business Account Loan

Last updated: Apr. 3, 2021  The Canada Emergency Business Account provides interest-free loans of up to $60,000 to small businesses and non-profits. NEW: The deadline for completing the CEBA application at your primary financial institution has been extended to June 30, 2021.  All CEBA applicants can now check the status of their CEBA Loan online. The … Read more

The Latest COVID-19 Updates For Your Business

Last updated: Apr. 1, 2021  Good news from Ottawa: the government will provide interest relief for people who accessed COVID-19 programs last year. Anything to make your life a little less taxing right now is a win. We’ve summarized the news below and other recent COVID-19-related updates that could help you and your business. For … Read more

Ontario Budget Report 2021

Last updated: Mar. 31, 2021  Last week Ontario Finance Minister Peter Bethlenfalvy presented the province’s fiscal 2021–22 budget. The Ontario budget falls in line with what we’re seeing from other provincial budgets: more spending on health care, but otherwise a relatively quiet budget from a tax perspective. We’re happy to report the personal tax rate … Read more

New COVID Recovery Benefits Announced

Last updated: Mar. 29, 2021  The federal government has now closed the CERB Program. To support Canadians who are transitioning from CERB and still need help, they’ve announced temporary changes to the Employment Insurance (EI) program and introduced three new benefits. “As we safely restart our economy, many of those Canadians will still need support … Read more

A guide to COVID-19 financial relief for small business

Last updated: Mar. 29, 2021  Last updated August 10, 2020. We will update blog posts when more information is released. As we finished writing the introduction to this blog post, several provinces were starting to recover and re-open their economies. It’s heartwarming to see businesses across the country hiring back their employees through government … Read more

New Brunswick Budget Report 2021

Last updated: Mar. 29, 2021  Last week New Brunswick Finance Minister Ernie Steeves presented the province’s fiscal 2021–22 budget. We’re not seeing any surprises in this budget. Like other provinces, the New Brunswick government is increasing spending on COVID-19 measures. Steeves predicts a projected deficit of $244.8 million for 2021-2022 to “to address the pressures … Read more

COVID-19 Update: Canada Emergency Wage Subsidy Program

Last updated: Mar. 12, 2021  What is the Canada Emergency Wage Subsidy? The Canada Emergency Wage Subsidy (CEWS) is a taxable benefit available to employers who have experienced a drop in revenue due to COVID-19, to cover part of their employee wages retroactive to March 15, 2020. The program intends to help businesses keep their … Read more

Regional Relief and Recovery Fund

Last updated: Mar. 11, 2021  The Regional Relief and Recovery Fund (RRRF) was established to support business owners and organizations that have not been able to access other federal emergency support measures. NEW: Businesses that are already receiving support from the RRRF could now receive up to $20,000 in additional funding if they meet the … Read more