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flyingcroissant | 5 years ago

What about the support available for businesses (ie. https://www.canada.ca/en/department-finance/economic-respons...)?

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designium|5 years ago

There are support for business to pay up to 75% and for small businesses a $40K loan with $10K forgivable. At least in Downtown Toronto, those support won't do much specially because the rent is super expensive. Expensive in the range of $5000 and up for a small restaurant in downtown area. You can also find news from BC, where the rent relief for landlords are not being adopted because landlords are not willing to register for the support and the business tenants are not getting support because of that. News don't say why that is happening but it's something interesting to think about.

KMnO4|5 years ago

The small business support also maxes out at $2000/mo, so if you make more than $17/hr then your employer is getting <75%.

coopsmgoops|5 years ago

Initially at least it was mostly loans but I know a lot of owners would rather closer now than close later and have a loan to pay off