COVID-19 Updates | Daily Workplace Round Up for June 26, 2020
Expanded CEBA Now Available through Canada's Big Banks
Several weeks ago, the Canadian government announced the Canada Emergency Business Account (CEBA) program was to be expanded again to include companies with payrolls of less than $20,000 and with non-deferrable expenses, like rent, utilities and property taxes, of between $40,000 and $1.5 million.
This extension is what owner-operated small businesses , sole proprietors, and family-owned operations that pay family members in the form of dividends have been waiting for.
Visit the CEBA website for more information.
Stable Electricity Pricing for Industrial & Commercial Companies
The Ontario government is helping industrial and commercial companies return to full levels of operation without the fear of electricity costs spiking by providing more stable electricity pricing for two years.
Effective immediately, companies that participate in the Industrial Conservation Initiative (ICI) will not be required to reduce their electricity usage during peak hours, as their proportion of Global Adjustment (GA) charges for these companies will be frozen.
For more information, check out this news release.
Temporary Layoff Period Extended to 180 Days
Bill 24: COVID-19 Pandemic Response Statutes Amendment Act received Royal Assent today. The legislation amends several acts and creates some new measures that will support reopening Alberta's economy. See our June 18, 2020 article for more information on Bill 24.
A key amendment involves extending the temporary layoff period in the Employment Standards Code, which currently provides that an employee who is laid off for “one or more periods exceeding, in total, 60 days within a 120-day period” is deemed to have been terminated (except in specified circumstances).
Bill 24 amends this provision for those employees who have been laid off for reasons related to COVID-19. For those employees, an employee who is laid off for “more than 180 consecutive days” is deemed to have been terminated (except in specified circumstances). The provision applies to:
- an employee who, on the coming into force of this section (June 18, 2020), is on layoff; and
- an employee who is laid off on or after the coming into force of this section (June 18, 2020).
If you receive our newsletter,
you're already signed up!