This is an unprecedented moment in our lives, and we continue to be committed to the well-being of our tenants, clients, vendors, agents and staff during this difficult time. The challenging and dynamic issue has caused significant disruptions and we are working with our stakeholders to take precautions to protect the health and safety of everyone affected. Information on the current health crisis and resources available continues to evolve at a rapid pace. Please check this page regularly as we will post updates as they become available.
Province expands back to work wage subsidy program
As part of #RestartMB, Manitoba’s roadmap to recovery, the Manitoba government is expanding its ‘Back to Work’ wage subsidy program and providing additional financial support for businesses to bring more Manitobans back to work.
The enhanced Back to Work program will reimburse 50 per cent of wage costs (up to $5,000) per employee hired or re-hired between July 16 and Oct. 31, 2020, for up to 20 new workers to a maximum of $100,000 per business, not for profit or charity. The application deadline is Oct. 1, with a deadline to submit proof of wages of Jan. 4, 2021. Businesses can apply for the wage subsidy starting July 16 at noon at https://manitoba.ca/covid19/business/btwmp.html.
For more information, please visit the Manitoba Economic Support Centre.
B2B Manitoba Will Assist Businesses with Reopening and Economic Recovery
The Manitoba government has partnered with the Canadian Manufacturers and Exporters, the Manitoba and Winnipeg Chambers of Commerce, and North Forge Technology Exchange to support the development and launch of an online marketplace to connect Manitoba businesses with non-medical grade personal protective equipment (PPE) and other materials needed for businesses to operate. Please visit the online marketplace at B2BManitoba.ca.
Last Updated: October 26, 2020
HOW WE ARE SUPPORTING OUR TENANTS AND CLIENTS
Our Leasing Team is available to take your calls!
We will continue to provide property management services to all of the Shindico managed properties and the repair/maintenance line of 204-928-8230 will continue to be monitored on a 24-hour basis.
FINANCIAL RESOURCES AVAILABLE FOR TENANTS
The Government of Canada has announced several initiatives to support businesses during this health crisis.
Canada's coordinated approach to supporting the economy and the financial sector includes the Governor of the Bank of Canada cutting the interest rate to 0.25% and the Superintendent of Financial Institutions announcing an additional $300 billion in lending capacity by the major banks.
- The Canadian Business Resilience Network Small Business Relief Fund The application period opens June 1 on the fund website and closes June 12. Small businesses can apply to the Canadian Chamber of Commerce for a one-time grant to support economic recovery during the COVID-19 pandemic. The national business association is offering up to 62 grants valued at $10,000 to small enterprises feeling economic pressures caused by the global pandemic. Successful businesses will be announced in late June or early July, and funds transferred shortly after.
- The Manitoba Gap Protection Program (MGPP) is available to any of businesses in Manitoba who have fallen into a gap in failing to qualify for the various federal government assistance programs and wage subsidies created because of COVID-19. The province will advance each eligible business the non-interest bearing forgivable MGPP loan of $6,000, for a total of up to $120 million. The loan will be forgiven on Dec. 31, 2020, if the recipient attests at that time the business has not received any major federal supports such as the Canada Emergency Wage Subsidy and the Canada Emergency Business Account, as well as sector-specific grant federal programs. Visit the Manitoba Economic Support Centre for more information on MGPP and other programs available.
- The Large Employer Emergency Financing Facility (LEEFF) program will provide bridge financing to Canada’s largest employers whose needs during the pandemic are not being met through conventional financing in order to keep their operations going. The objective of the LEEFF is to help protect Canadian jobs and avoid bankruptcies of otherwise viable businesses where possible. Companies seeking support must demonstrate how they intend to preserve employment and maintain investment activities.
- The $962-million Regional Relief and Recovery Fund will provide nearly $1-billion in partially forgivable loans through Canada’s six regional development agencies for small and medium-sized businesses that aren’t eligible for other pandemic relief programs. Businesses can now apply for the program through their nearest regional development agency office. Interest-free loans of up to $40,000 will be one-quarter forgivable if the business meets repayment terms, similar to CEBA.
- a Business Credit Availability Program (BCAP) will provide $40 billion of additional support through Export Development Canada (EDC) and the Business Development Bank of Canada (BDC). The program includes loan guarantee and co-lending programs for small and medium-sized businesses.
- The Canada Emergency Business Account will provide funding to eligible financial institutions so that they can provide interest-free loans in the form of lines of credit of up to $40,000 to businesses. A quarter of this loan (up to $10,000) is eligible for complete forgiveness.
- The Canada Revenue Agency will defer tax payments until August 31, 2020, to help businesses with cash flow. The filing date for the 2019 tax year has also been extended until June 1, 2020.
- Allow businesses, including self-employed individuals, to defer all Goods and Services Tax/Harmonized Sales Tax (GST/HST) payments until June 30, 2020, as well as customs duties owed for imports.
- The Canada Emergency Wage Subsidy (CEWS) provides a 75% wage subsidy to eligible employers for up to 24 weeks, retroactive to March 15, 2020.There is a calculator for potential applicants available online to help navigate the program.
- Businesses that do not qualify for the Canada Emergency Wage Subsidy may be eligible for the 10% Temporary Wage Subsidy for Employers.
- The Canada Emergency Response Benefit (CERB) will provide a taxable benefit of $2,000 per months for up to four months for full-time and seasonal workers and part-time workers who are earning up to $1,000 a month who lose their income as a result of the COVID-19 pandemic.
- a new Emergency Care Benefit of up to $900 biweekly for up to 15 weeks for self-employed people and others who are not eligible for EI sickness benefits
- increased credit available to farmers and the agri-food sector through Farm Credit Canada
- If you are a tourism operator, a small business or an organization affected by COVID-19 and need pressing assistance, the regional development agencies (RDAs) could assist you with access to federal funding and services.
Canada’s six biggest banks have announced a reduction in the interest rates on major credit cards in addition to their commitment to work with personal and small business banking customers on a case-by-case basis to provide flexible solutions to help them manage through challenges. Please contact your bank’s local branch office to discuss the options available to you.
Buylocal.ly provides a place where business owners can let people know if they are still open and what they are doing differently during these difficult times (reduced hours, now offering pickup or delivery, etc.). Add your business now!
Canadian Business Resilience Network
The Canadian Business Resilience Network website highlights public and private sector programs and initiatives across Canada that support businesses and their employees...learn more
HOW WE ARE SUPPORTING OUR EMPLOYEES
We are closely monitoring advice from the Canada’s Public Health Services, the World Health Organization and provincial authorities and providing regular updates to all our employees. We have asked all employees to cooperate in taking steps to reduce the transmission of communicable diseases in the workplace. Recommendations include:
- Avoiding non-essential travel
- Wash your hands frequently with warm, soapy water for at least 20 seconds. (Run through happy birthday twice)
- Cover your mouth with tissues whenever you sneeze, and discard used tissues in the trash immediately.
- Stay home when you are sick and seeking medical attention as needed.
- Avoid people who are sick with respiratory symptoms.
- Clean frequently touched surfaces at least daily.
- Avoid large groups (concerts, sporting events)
We have asked our employees to work from home where possible and only come into the office when necessary. Employees are encouraged to use video and telephone conferencing instead of face-to-face meetings as much as possible during this outbreak.
Specific information on COVID-19, including updates, travel advice, being prepared and symptoms and treatment is available on the Government of Canada website.
We hope that we can help you to feel at ease during this unique time. Please reach out with any questions and stay well.
We will get through this difficult time together. Stay safe everyone.