Government of Canada Business Supports
Canada Emergency Wage Subsidy
For employers that can demonstrate a decline in revenue of at least 30 per cent during the COVID-19 pandemic. This program provides employers with a 75 per cent wage subsidy, up to a maximum benefit of $847 per week, for up to 12 weeks. Employers may apply retroactively for pay periods after March 15, 2020.
Eligibility extends to individuals, taxable corporations, partnerships of eligible employers, non‑profit organizations, and registered charities. Publicly funded entities (e.g. municipalities and local governments, Crown corporations, universities, colleges, schools and hospitals) are not eligible. If an employee qualifies for the Canadian Emergency Response Benefit, the employer cannot access this subsidy for that employee.
More information on the Canada Emergency Wage Subsidy.
Work Sharing Program - Temporary Special Measures
For workers that agree to reduce their normal working hours because of circumstances and situations, like COVID-19, beyond the control of their employers. This program provides income support to employees during the downturn in business.
Effective March 15, 2020, the Government of Canada made the following changes to the Work Sharing Program to assist those with reduced work resulting from the COVID-19 pandemic:
- Extending the allowable benefit period from 38 weeks to 76 weeks
- Waiving the mandatory cooling off period for employers who have already used the Work-Sharing program
- Extending the program to include employers that have been in business for a min. of 1 year rather than the previous min. requirement of 2 years
- Eliminating the requirement to provide sales/production figures that prove a downturn in business
Business Credit Availability Program
For not-for-profits, small businesses, and medium-sized businesses to help cover their operating costs while their revenues are reduced during the COVID-19 pandemic. Includes the following three supports:
- Canada Emergency Business Account: interest-free loans of up to $40,000 to not-for-profits and small businesses to help cover their operating costs while their revenues are reduced during the COVID-19 pandemic.
- Loan Guarantee for Small and Medium-Sized Enterprises: new operating credit and cash flow term loans.
- Co-Lending Program for Small and Medium-Sized Enterprises: works in partnership with financial institutions to co-lend term loans in incremental credit amounts for operational cash flow requirements.
Businesses interested in accessing the Business Credit Availability Program should first contact their financial institution. Learn more about the Business Credit Availability Program.
Income Tax Payment Deferrals
The Government of Canada is allowing all businesses to defer payment of any income tax amount owing on or after March 18, 2020 but before September 2020. The new deadline is August 31, 2020. No interest or penalties will accumulate on these amounts during this period.
More information about CRA changes to taxes and benefits during the COVID-19 pandemic.
Deferral of Sales Tax Remittance and Customs Duty Payments
For any business or self-employed individual that pays GST/HST and/or customs duties on their imports. This program allows those businesses/individuals to defer those tax and duty payments until June 30, 2020. The deferral applies to GST/HST remittances for the February, March and April 2020 reporting periods for monthly filers; the January 1, 2020 through March 31, 2020 reporting period for quarterly filers; and for annual filers, the amounts collected and owing for their previous fiscal year and instalments of GST/HST in respect of the filer’s current fiscal year.
More information on the deferral of GST/HST tax remittances.
More information on Canada's COVID-19 Economic Response Plan.
Government of Saskatchewan Business Supports
Provincial Sales Tax Deferral
Businesses will have an additional three months to remit their PST without penalty or interest charges. Businesses unable to file their provincial tax return by the due date can submit a request for relief from penalty and interest charges. These requests as well as any questions can be directed to SaskTaxInfo@gov.sk.ca or the Saskatchewan tax inquiry line at 1-800-667-6102.
Waiving Workers' Compensation Board Premiums
For employers unable to pay their Workers’ Compensation Board premium payments. The WCB is waiving premium penalties for employers effective April 1 to June 30, 2020. More information on the Workers' Compensation Board Employer Relief Measures.
More information on the Government of Saskatchewan's Support for Businesses.