BBOT News
Advocacy Win – BBOT Applauds Changes to Canada Emergency Business Account Loan Program
May 19th, 2020Following ongoing advocacy with the federal government, the Burnaby Board of Trade (BBOT) is pleased to see major changes announced for the Canada Emergency Business Account (CEBA) to allow for businesses with little to no traditional T4 payroll to utilize the program. The CEBA program provides interest-free loans to businesses negatively impacted by the COVID-19 pandemic […]
Read more...Canada Emergency Commercial Rent Assistance
May 19th, 2020The Canada Emergency Commercial Rent Assistance Program has been announced and will seek to reduce commercial rents for small to medium businesses by 75% through agreements with landlords/property owners. The online application portal will be open on May 25 and more information on the portal and the program is here at the CMHC website […]
Read more...Webinar Recording: Re-Opening Restaurants and Food Services During COVID-19
May 15th, 2020Did you miss the webinar with the Burnaby Board of Trade and the BC Restaurant and Food Services Association on re-opening rules and ideas for restaurants and food service businesses? The recording is now posted and available, and can be viewed below or on YouTube here. This informative session outlined the various best practices on […]
Read more...Gradual Re-Opening of K-12 School System
May 15th, 2020The provincial government has announced plans for a phased, part-time return to public schools starting June 1. The Burnaby Board of Trade believes this is an important business announcement, as employees having to be at home to provide childcare and educational lessons limits their availability and productivity for work. Read more on this announcement […]
Read more...Changes and Extensions to the 75% Wage Subsidy
May 15th, 2020Today, Finance Minister Bill Morneau announced that the Government of Canada will extend the CEWS by an additional 12 weeks to August 29, 2020. Extending the program will give workers greater confidence that they will continue to get the support they need during these difficult times. The Government will consult with key business and labour […]
Read more...Guidelines and Best Practices for Operating Safely during COVID-19
May 15th, 2020The Government of BC has released BC’s Restart Plan, with timelines on the re-opening of the economy and the repeal of certain COVID-19 restrictions, and WorkSafeBC has issued both general guidelines as well as industry-specific information for re-opening safely. Employers resuming operations are required to develop a COVID-19 Safety Plan that outlines the policies, guidelines, and […]
Read more...Regional Relief and Recovery Fund Launched to Support Businesses Facing COVID Hardship
May 15th, 2020The new Regional Relief and Recover Fund (RRRF) is designed to support local businesses facing financial hardship because of COVID-19, but who which have been unable to access existing supports, namely the $40,000 loan program through the Canada Emergency Business Account. This includes businesses which do NOT mean the payroll eligibility for the CEBA […]
Read more...Support for Students and New Grads affected by COVID-19
May 14th, 2020The federal government has announced a series of proposed measures to support students and recent grads negatively impacted by COVID-19. Among the measures (read the full release here) is a new monthly benefit for students, a new volunteerism-based benefit, and an increase to Canada Student Grants. Canada Emergency Student Benefit Eligibility – Post-secondary (college and […]
Read more...BC’s Emerging Economy Task Force Releases Final Report
May 12th, 2020The BC government’s Emerging Economy Task Force has issues its final report on how to chart a long-term vision for the province. The 14-member task force, which included BBOT members Strandberg Consulting, BCIT, and SFU, has made 25 recommendations to help B.C. navigate global trends and technological advancements over the next 10 to 25 years. […]
Read more...COVID-19 Supports for Seniors
May 12th, 2020The federal government has announced a series of measures to help Canadian seniors and provide them with greater financial security during the COVID-19 crisis. These measures include: Providing a one-time tax-free payment of $300 for seniors eligible for the Old Age Security (OAS) pension Providing a one-time, tax-free payment of $200 for seniors eligible […]
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