Offices in Ottawa and Perth
(613) 722-1500

CONTACT US (613) 722-1500

Ontario Government to Provide Further Economic Relief to Restaurants and Small Businesses (updated November 17, 2020)

Ontario Government to Provide Further Economic Relief to Restaurants and Small Businesses (updated November 17, 2020)

By:

Mann Lawyers

Posted October 22, 2020

Last week, Premier Doug Ford announced the Ontario government’s plan to provide $300 million in relief funds to restaurants which have been further effected by the recent 28-day emergency order prohibiting restaurants from offering indoor dining. Such relief funds are intended to assist restaurants in offsetting fixed costs such as property taxes and utility bills.

The Ontario government also intends to unroll a $60 million “Main Street Recovery Plan”, under the Main Street Recovery Act, 2020, which, if passed, will assist small businesses in reopening safely, rehiring employees quickly and recovering from losses incurred as a result of the COVID-19 pandemic.

The Main Street Recovery Plan intends to:

  • Permanently allow licensed restaurants and bars to offer alcohol by takeout and delivery;
  • Permanently allow 24/7 deliveries to restaurants, retail stores and distribution facilities;
  • Increase the range of products sold at the Ontario Food Terminal;
  • End outdated and duplicate rules for businesses;
  • Modernize regulations to allow businesses to be creative in facing the challenges posed by COVID-19;
  • Provide mental health supports to business owners, employees, frontline workers, families, young people, children and indigenous communities; and
  • Provide a “Digital Main Street Program” and create Digital Main Street squads to assist small businesses with online growth. This Program includes:
    • A one-time grant of up to $1,000 for eligible small businesses in retail, food, accommodations and other sectors with 2-9 employees to help offset the cost of personal protective equipment;
    • Access to tailored advice and information regarding government programs through Ontario’s Small Business COVID-19 Recovery Network, which connects 47 Small Business Enterprise Centres; and
    • Access small business supports through Ontario’s Small Business Recovery Webpage.

The Ontario government has also reduced the corporate income tax rate for small businesses by 8.7% beginning on January 1, 2020.

Stay tuned for more information regarding applications and eligibility for relief as well as the progress of the passing of the Main Street Recovery Act, 2020.

Currently, eligible small businesses can apply through the Ontario Chamber of Commerce here for the next wave of Canada United Small Business Relief Fund grants. Eligible businesses are those located anywhere in Canada with between $150,000 and $3 million in annual sales; with up to 75 employees; are registered in Canada; and will use the grant to cover the costs of personal protective equipment, make physical modifications to their businesses to meet local health and safety requirements and enhance their digital or e-commerce capabilities.

This blog post was written by Jade Renaud, a member of the Business Law team. Jade can be reached at 613-369-0373 or at jade.renaud@mannlawyers.com.

More Resources

Blog |
Business Law, Wills, Trusts and Estates

By: 

Posted June 28, 2022

As entrepreneurs, we tend to be optimistic people – that is what I have found, for the most part, and what seems to be part[...]
Blog |
Business Law

By: 

Posted June 20, 2022

The Federal Government of Canada recently launched the Canada Digital Adoption Program (“CDAP”) run by Innovation, Science and Economic Development Canada (“ISED”). It is a[...]
Blog |
Estate Litigation

By: 

Posted June 13, 2022

Trust companies are often faced with a dilemma when the fees associated with the administration of a testamentary trust exceed the income generated by it. [...]
Blog |
Environmental Law

By: 

Posted June 6, 2022

On May 10, 2022, the Alberta Court of Appeal released its opinion in Reference re Impact Assessment Act (the “Act”), 2022 ABCA 165, on the[...]
Blog |
Personal Injury

By: 

Posted May 30, 2022

As the warm weather of summer approaches, the number of cyclists enjoying Ottawa’s shared path system is increasing day by day. I have noticed that[...]
Blog |
Family Law

By: 

Posted May 25, 2022

Cohabitation agreements and marriage contracts (or “prenups”) are common contracts for couples to enter into prior to moving in together or getting married. Reasons for[...]

Subscribe to Our Newsletter

Name*
Consent*
This field is for validation purposes and should be left unchanged.