COVID-19 Updates

This year has been nothing if it hasn’t been challenging. But Ontario small businesses have demonstrated their grit and resiliency. We are beginning to find a new normal as we continue to balance economic and public health concerns. It is important to rely on accurate information when making informed decisions critical to your family and business. 

At BizWize we are committed to serving and supporting our clients and community during this time. Economic supports and programs available to businesses and individuals are consistently evolving and eligibility rules can be extensive and complex. To support our clients, we have created free Bulletins outlining the details of available Financial Assistance Programs that we hope you will find useful. Our expanded services now include Loan and Subsidy Application Assistance including CEBA, TWS, CEWS and CERS. 

It’s business as usual for all our regularly offered services. Please see our Services page for more detail. 

If you have any questions or concerns, or wish to engage any of our services, please Contact Us at 289-221-2650 or at info@bizwize.ca

With unwavering support, 

Angela Reinemo Ι Founder & CEO Bizwize Inc.


Important COVID Updates

Updated 10 November 2021

The deadline to apply for CEWS, CRHP or CERS is 180 days after end of each claim period.

Wage Subsidy

Canada Emergency Wage Subsidy (CEWS)  

Ends October 23, 2021

  • Beginning in Claim Period 18, must have revenue drop of over 10%
  • Gradual decline in subsidy rate from Claim Periods 18 to 20.

Canada Recovery Hiring Program (CRHP)

Extended to May 7, 2021

  • Claim either CRHP or CEWS Periods 17 to 20, June 6 thru October 23 (whichever gives higher amount)
  • Only CRHP available (not CEWS) after October 23
  • For eligible employers with increased payroll and current revenue losses above 10%, with a subsidy of up to 50%.
Rent Relief  

Canada Emergency Rent Subsidy (CERS) 

Ends October 23, 2021

  • Provides direct rental and mortgage support to eligible businesses.
  • The subsidy covers up to 65% of eligible rent costs.

For further information and assistance with CERS, click here

Emergency Loans

Canada Emergency Business Account (CEBA)  

The CEBA Application Period Deadline has now passed.

New applicants can no longer apply for a $60,000 loan or the $20,000 expansion.

    • Existing Non-Deferrable Expense Applicants:
      • Initial document submission deadline has passed.
      • The document resubmission deadline has passed.
    • $20,000 Expansion Applicants Required to Submit Additional Information:
      • Deadline to submit additional information has passed.
    • $20,000 Expansion Applicants Required to Requalify Under Non-Deferrable Expense Stream:
      • The initial document submission deadline has passed.
      • The document resubmission deadline has passed.
      • For more information, click here
  • Check the status of your CEBA Loan here

CEBA Helpline: 1-888-324-4201 on a call-back basis. Call backs can take up to 3 business days.

Income Support

 Canada Recovery Benefit (CRB)  

Last period ends October 23, 2021

Open for application until December 22, 2021. 

  • For employed and self-employed individuals not entitled to Employment Insurance (EI).
  • Receive $1,000 ($900 taxes withheld) for a 2-week period up to a total of 13 periods.
  • You must apply for each period.

PAID SICK DAYS

Worker Income Protection Benefit

Extended until December 31, 2021.

  • Provides eligible employees with 3 paid sick days related to COVID-19
  • Paid by employer, and reimbursed by WSIB (even if you do not have existing account)
  • Up to $200 a day for employees without an equivalent program

ONTARIO PPE SUPPORT & GRANTS

Ontario Businesses: Get help with COVID-19 costs here

  • All applications are now closed.

We want to make sure you are maximizing the subsidies that are available to you. Contact us! 

Additional Supports for Businesses: BDC Supports

Covid-19 Links, Business Interest articles & Tips

We’re working hard to get you the most up to date information you need to run your business smoothly and easily. We are working toward creating resources to fit all your business needs. 

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