NEW BUSINESS SUPPORT GRANT ($10,000-$20,000) NOW AVAILABLE TO ELIGIBLE CKL BUSINESSES DURING THE SECOND SHUTDOWN

During the second lockdown beginning December 26, the Ontario Small Business Support Grant will provide a minimum of $10,000 and up to $20,000 to eligible small businesses required to close or restrict services.

Eligible small businesses include those that:

  • are required to close or significantly restrict services subject to the shutdown effective 12:01 a.m. on December 26, 2020;
  • have less than 100 employees at the enterprise level; and
  • have experienced a minimum of 20 per cent revenue decline in April 2020 compared to April 2019

Essential businesses that are allowed to remain open will not be eligible for this grant.

Further details, including how to apply, will be announced in January 2021.

 

More information is available here:  https://news.ontario.ca/en/backgrounder/59788/post-4
 
Businesses that are impacted by the provincial shutdown will also be eligible for the property tax and energy cost rebates.

Business can apply for the Rebates at www.ontario.ca/smallbusiness


Thank you for reading this - Jason Ward of WARDS LAWYERS PC.

If you would like to read more, please go to wardlegal.ca/posts.

This WARDS LAWYERS PC blog is for general information only. It is not legal advice, or intended to be. Specific or more information may be necessary before advice could be provided for your circumstances.

More information? We're here to help - jason@wardlegal.ca | www.wardlegal.ca