Canada United Small Business Relief Fund - Up to $5,000 for PPE Bonny Koabel CPA, CGA, AKR Consulting
C
OVID-19 has adversely affected all businesses, especially retail and eating establishments which have had to introduce barriers at cash-registers, hand sanitizing stations and staff employees in PPE just to carry on daily operations, along with changes to websites to include delivery options. The Federal Government has just introduced the $12 million Canada United Business Relief Fund to help offset some of the costs that small businesses are facing as a result of COVID-19. The fund opened on October 26, 2020 and funds will be distributed on first-come first-serve basis. Funding is up to $5,000 per business and a decision on applications will be made within 40 days after being received. Be sure in get your application in soon refund the funds are all gone. How do I qualify for the Canada United Business Relief Fund? In order to qualify for funding companies must meet the following criteria: • Only one application may be submitted per ownership group • Be incorporated, or operating as a sole proprietor/partnership,
in Canada as of March 1, 2020 • Have no more than 75 employees • Have minimum annual sales of $150,000 and not more than $3,000,000 • Be in operation after September 1, 2020 (grant recipients must sign a declaration included in the approval letter to confirm) • Must attach all necessary receipts and invoices, accompanied with proof of payment, with the application. Failure to include sufficient expenditure details and accompanying documents will result in automatic disqualification • Be in full compliance with all applicable government laws, rules, regulations, guidelines and other legally binding measures (self declaration) • Must submit the company’s sales tax (GST/HST) registration document or a recent sales tax (GST/HST) filing Priority applicants for consideration will include businesses owned by Indigenous People, women, visible minorities, LGBTQ2+, and persons with disabilities. Considerations will also be made to ensure the fund is distributed broadly to all regions across the country. Eligible Activities and Costs There are three categories of purchases that are eligible for reimbursement under the program: • Purchase of Personal Protective Equipment (PPE) • Renovation of space to adhere to re-opening guidelines • Enhancement of website/ developing E-commerce capability Eligible expenses directly related to the above categories are permitted provided that purchases were made no earlier than March 15, 2020.
Call us and find out how you can start saving money
Category Details: Purchase of Personal Protective Equipment (PPE) Purchase of Personal Protective Equipment may include equipment purchased to ensure operations are safe for both customers and employees. Eligible equipment costs are incremental costs associated with additional precautions for COVID-19, not normal ongoing business costs. This may include: • Masks • Face shields
AKR CONSULTING CANADA INC. 151 Courtneypark Drive West, Suite #100 Mississauga, ON L5W 0A5 T: (905) 678-6368 | F: (905) 677-1700 info@akrconsulting.com www.akrconsulting.com
• Gloves • Sanitizer • Disinfectant chemicals/ wipes • Chemical sprayers Continued on page 12
10
BlockTalk - Winter 2020
www.meatpoultryon.ca
