Here's Your Latest Advocacy in Action Newsletter
This newsletter will inform you of how the Vaughan Chamber of Commerce is actively working to advocate for your business. 
York Region Moves Into Lockdown

York Region has moved into the Grey-Lockdown Zone as of Monday, December 14th.

The move into lockdown places further restrictions on businesses, with certain sectors forced to close. The lockdown will last for at least 28 days, after which the Government will reassess the region's level.
Canada Emergency Rent Subsidy Opens

The Canada Emergency Rent Subsidy has received royal assent and is now open for applications. Companies can apply for the subsidy retroactively from September 27, 2020 until June 2021.

Both Renters and Property Owners in Ontario either in the Red 'Control' or 'Grey' Lockdown zones will now be eligible for the new subsidy.
Federal Government Releases 2020 Fall Economic Statement

The Federal Government has released the 2020 Federal Fall Economic Statement, which outlines Canada's economic spending since COVID-19. The Fiscal Update also provided information relating to the extension of existing programs and the introduction of new programs.

Highlights include:
  • Increasing the maximum rate of the Canada Emergency Wage Subsidy to 75 per cent.
  • Extending the current rates of the Canada Emergency Rent Subsidy and Lockdown Support until March 13, 2021.
  • Introducing the Highly Affected Sectors Credit Availability Program (HASCAP) for the hardest-hit sectors.
RCCAO Releases Infrastructure Report

The Residential Construction Council of Ontario has released a new report calling on Government support for Ontario's infrastructure projects.

The report outlines the potential damage to the Ontario Construction Industry if these projects are not completed.
CBSA Assessment and Revenue Management Project

The Canada Border Agency is launching the CBSA Assessment and Revenue (CARM) project. All Canadian importers will eventually have to register for the CARM portal.

Our friends at KPMG have provided a snapshot of how these changes will affect your business. Click here to visit the CARM page.