A message from The Markham Board of Trade and suggestions to our members regarding the COVID-19
With growing global concerns around COVID-19 (“coronavirus”), I wanted to provide you with an update on our actions to date and our commitment to you moving forward.
The health, safety and well-being of our employees, members and the business community is the Markham Board of Trade’s top priority and we are following the lead of the Canadian public and York Region health authorities. We encourage you to stay up-to-date through their websites.
We have taken a number of steps to minimize the potential for COVID-19 transmission. Beginning March 16, 2020 we are cancelling all MBT events (Breakfast Networking & After 5) until further notice. Meetings and use of our board rooms at the IBM Innovation space will be closed until July 6th, 2020 or until further notice. We will continue to process documents for certifications on a limited basis unless the IBM building is closed to the public. MBT staff will be working remotely and keeping up with emails and telephone messages. Please feel free to keep in touch if there is anything we can do to assist you with challenges you are facing during this difficult time.
We are working closely with our regional chamber network along with our provincial and federal associations to seek solutions that will assist businesses affected by this pandemic.
Again, we continue to monitor this situation closely and will provide ongoing updates as they happen.
Wishing you all good health,
President & CEO, Markham Board of Trade
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UPDATE: March 27, 2020
Details on the financing support being offered to entrepreneurs by BDC can be accessed as follows:
• Businesses seeking support through Business Credit Availability Program (BCAP) should first contact their financial institutions for an assessment of their situation. Financial institutions will refer to EDC and BDC their existing clients whose needs extend beyond what is available through the private sector alone.
• Existing BDC clients should reach out to their account manager for additional information.
• For a complete list of measures available for businesses, please visit Resources for Canadian Businesses: COVID 19 for the latest updates on relief measures for business or our website at www.bdc.ca/coronavirus
UPDATE: March 30, 2020 – City of Markham announces relief for local businesses
• No Late Payment Charges on Unpaid Tax Balances from April 1 to December 31 – Next Business Tax Instalment Dates: October 5 & November 5 Taxpayers encouraged to continue making payments on due dates
• Deferral of the 2020 Water Rate Increase of 7.8%
• Elimination of the Stormwater Rate for industrial/commercial properties for 2020 – Example: Commercial property valued at $2M will save $560
• Suspension of the Municipal Accommodation Tax (MAT) for 2020
For more information, please visit the City of Markham website at www.markham.ca
UPDATE: March 30, 2020
A message from Alectra’s President and CEO, Brian Bentz
UPDATE: April 21, 2020
A message from York University
UPDATE: April 23, 2020 – Canada Emergency Wage Subsidy — Applications Open April 27
The new Canada Emergency Wage Subsidy (CEWS) provides a 75% wage subsidy to eligible employers for up to 12 weeks, retroactive to March 15, 2020. The CEWS prevents further job losses, encourages employers to re-hire workers previously laid off as a result of COVID-19, and help better position Canadian companies and other employers to more easily resume normal operations following the crisis.
The Canada Revenue Agency (CRA) has launched a calculator for businesses to determine what the subsidy will cover. The calculator is now available on the CRA website; businesses can begin to apply to the subsidy on Monday, April 27. In an effort to help businesses keep employees on the payroll, the subsidy will cover up to $847 per employee for up to 12 weeks — retroactive to March 15, 2020.
UPDATE: April 29, 2020 – Support for Businesses
Do you need help figuring out how to apply for support programs? Logan Kanapathi has launched a brand new portal that helps businesses and individuals access the support they need. CLICK HERE to visit this portal!
UPDATE: May 1, 2020 – the Nanji Family Foundation
This week, the Nanji Family Foundation has stepped forward with a $100,000 gift match in support of Humber’s COVID-19 Emergency Response Fund, allowing Humber River Hospital to respond without delay to rapidly changing needs in order to keep patients and their families safe.
UPDATE: May 28, 2020 – Vexos
VEXOS Inc., a Global Electronics Manufacturing services (EMS) provider, has signed an agreement with the Government of Canada to manufacture 10,000 Mechanical Ventilator Milano (MVM) units in the national mobilization to combat the COVID19 pandemic