Good Morning,

For the latest information for Albertans on COVID-19, including updates on government actions, visit alberta.ca/covid19

·         What’s new

Under the federal government’s new Business Credit Availability Program (BCAP), Export Development Canada (EDC) and the Business Development Bank of Canada (BDC) can now provide more than $10 billion of additional financing to customers facing economic challenges caused by COVID-19.

·         The program, announced March 13, helps Canadian businesses in all sectors and regions gain access to credit through EDC, BDC and private sector lenders.

The Business Link – Resources for small businesses affected by COVID-19:

Relief supports for Self-Employed:

  • the Canada Revenue Agency will defer tax payments until August 31, 2020, to help businesses with cash flow
  • immediate relief for small businesses with a 10% wage subsidy for the next 90 days, up to a maximum of $1,375 per employee and $25,000 per employer
  • a new Emergency Care Benefit of up to $900 biweekly for up to 15 weeks for self-employed people and others who are not eligible for EI sickness benefits

Take care and stay safe,

Lisa Houle, Ec.D. Manager, Calgary Region (REDS)

Alberta Economic Development, Trade and Tourism (EDTT)
M. 587.297.5729 | E. lisa.houle@gov.ab.ca