#Canada; #BusinessResilienceService; #SmallBsiness; #CanadaChamberOfCommerce; #Covid19Pandemic
Ottawa, May 25 (Canadian-Media): Canada's investment of $3 million in the Business Resilience Service, a four-week trial project subject to extension, to help entrepreneurs and small business owners in need of financial planning advice was announced May 25 by Mary Ng, Minister of Small Business, Export Promotion and International Trade, media reports said.
Mary Ng. Image credit: Twitter handle
The service will also be open to not-for-profit organizations and charities.
The hotline is a national, bilingual service operated by the Canadian Chamber of Commerce and small business owners as of May 25 with pressing financial needs can call 1-866-989-1080 (toll-free) seven days a week, from 8 a.m. to 8 p.m. (ET).
125 members of Chartered Professional Accountants Canada (CPA Canada) will be available to provide customized financial guidance to the smallest business owners and help them make the best decisions for their business as they navigate this crisis.
Questions about tax regulations and the implications of COVID-19, would be answered by the advisors, as well as inform business owners about government support programs that best fit their unique circumstances.
Due to unprecedented challenges faced by the small businesses during the COVID-19 pandemic the, Government of Canada introduced the largest relief package in our country’s history including the Canada Emergency Business Account (CEBA), the Canada Emergency Wage Subsidy (CEWS), the Canada Emergency Commercial Rent Assistance (CECRA)
In addition to broad support programs, targeted measures to help artists and athletes, innovative and high-growth businesses, Indigenous-owned businesses, women entrepreneurs, farmers and agri-food businesses, and more have also been introduced.