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

Canada Emergency Business Account Loan

ContentsWhat were the qualifications for CEBA?New expanded criteria for businessesWhat are eligible non-deferrable expenses?Contact FBC Last updated: Jan. 14, 2022 
The Canada Emergency Business Account, now closed for applications, provided interest-free loans of up to $60,000 to small businesses and non-profits. NEW: The repayment deadline for CEBA loans to qualify for partial loan forgiveness has … Read more

New COVID Recovery Benefits Announced

ContentsChanges to Employment InsuranceNew benefits for CanadiansCanada Recovery Benefit (CRB)Canada Worker Lockdown Benefit (CWLB)Who qualifies for the CWLB?How do I apply?Canada Recovery Sickness Benefit (CRSB)Who qualifies for the CRSB?How do I apply?Canada Recovery Caregiver Benefit (CRCB)Who qualifies for the CRCB?How do I apply?Contact FBC Last updated: Jan. 6, 2022 
Update: The federal government has announced … Read more

New and Extended COVID Recovery Benefits Announced

ContentsCanada Worker Lockdown BenefitTourism and Hospitality Recovery ProgramLocal Lockdown ProgramHardest-Hit Business Recovery ProgramCanada Recovery Hiring Program ExtensionCanada Recovery Caregiving and Canada Recovery Sickness Benefit ExtensionsContact FBC Last updated: Jan. 5, 2022 
Bill C2 received Royal Assent in Parliament, passing legislation for the recently proposed extensions to individual and business COVID-19 support programs.
We provide … Read more

The New Canada Recovery Hiring Program (CRHP)

ContentsWhat’s the difference between CEWS and CRHP?Who is eligible?Claim periodsHow to applyWhat happens after I apply?What if I have more questions?Contact FBC Last updated: Jan. 5, 2022  UPDATE:  The federal government recently announced a proposal to extend the Canada Recovery Hiring Program to May, 2022.  Further information will be made available shortly. The Canada Recovery … Read more

Budget 2021: 7 Highlights for Farmers and Business Owners

Contents1. Covid-19 subsidy extensions and program winddowns2. Staffing up with the new Canada Recovery Hiring Program3. Helping small businesses go digital4. Immediate expensing of property5. Carbon pricing rebates6. More efficient grain dryers for farmers7. Agricultural Climate SolutionsBook a free consultation Last updated: Jan. 5, 2022  Last week, Deputy Prime Minister and Minister of Finance, Chrystia … Read more

COVID-19 Update: Canada Emergency Wage Subsidy Program

Last updated: Oct. 27, 2021  Update: The government is proposing to continue COVID-19 business support programs until May 2022 for organizations hit hardest since the start of the pandemic or most affected by public health restrictions.  Further information will be made available shortly. What is the Canada Emergency Wage Subsidy? The Canada Emergency Wage Subsidy … Read more

A guide to COVID-19 financial relief for small business

ContentsTemporary Income SupportFiling Deadline ExtensionsPayment Deadline ExtensionsChanges to RRIFsCanada Emergency Wage SubsidyFederal Temporary Wage SubsidyCanada Emergency Business AccountCanada Summer Jobs ProgramRegional Relief and Recovery FundCanada Emergency Commercial Rent AssistanceAgriStability Deadline ExtendedFarm Credit Canada Gets a BoostNew Measures to Support Temporary Foreign Worker ProgramEI Work Sharing ProgramGoods and Services Tax CreditCanada Child BenefitElectronic AuthorizationSupport for Seniors: … Read more

The Latest COVID-19 Updates For Your Business

ContentsTell me more about the interest relief How do I apply?CEWS updateCanada Emergency Rent Subsidy (CERS) updateCEBA updateContact FBC Last updated: Oct. 8, 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. … Read more

New Brunswick Budget Report 2021

ContentsPersonal income tax rates in New BrunswickNew Brunswick Non-Refundable Tax CreditsCorporate Tax RatesNew Brunswick Budget Highlights 2021Contact FBC Last updated: Oct. 8, 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 … Read more

Ontario Budget Report 2021

ContentsSecond round of the Ontario Small Business Support GrantNew Tourism and Hospitality Small Business Support Grant Regional Opportunities Investment Tax CreditHow to claim the creditPersonal tax measuresPersonal tax credits for 2021Ontario corporate tax rateContact FBC Last updated: Oct. 8, 2021  Last week Ontario Finance Minister Peter Bethlenfalvy presented the province’s fiscal 2021–22 budget. The Ontario budget … Read more