Last week, in one their COVID-19 bulletins, the Tourism Industry Association of BC (TIABC) provided a synopsis of a webinar they attended, which was hosted by the Greater Vancouver Board of Trade. From this webinar, TIABC outlined a helpful list of 10 things small- and medium-sized businesses can do right now:

  1. Ensure your CRA business account is set up ASAP and ensure direct deposit is set up correctly. 
  2. PROVINCIAL: Defer PST and Employer Health Tax payments to September 30.
  3. FEDERAL: Defer GST and Federal tax payments, but continue to file your returns.
  4. Explore options with BC Hydro to defer bill payments or arrange for flexible payment plans with no penalty. 
  5. Defer ICBC payments for 90 days.
  6. Explore the Canada Emergency Business Account.
  7. Explore your eligibility for the Federal Wage Subsidy program
  8. Defer individual tax payments.
  9. Check and see if your municipality is offering any tax-deferral options.
  10. Share information about the employment benefits available to your staff:

For more information on the government support available for businesses, services, and people, follow our Industry News post