Financial Relief
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As announced in a Media Release on March 24, 2020, the following is waived until June 30, 2020:
- Penalty or interest charges related to current 2020-year taxes, water charges and accounts receivable;
- Non-sufficient funds (NSF) fee charged by the Town for any returned items;
- Penalty or interest charges related to parking tickets from March 15 to June 30;
- Expired permit parking passes; and,
- No penalty for opting out or taking a pause from the pre-authorized payment program.
- Fees for the use of metered parking spaces are suspended until further notice.
Additionally, Town Council and Staff are working to identify immediate and long-term actions to support local businesses, workers, and residents. Initiatives include:
- Coordinating recommendations and measures to support business and resident relief efforts
- Identifying and assessing required support, stimulus and recovery measures
- Collaborating with the Regional Economic Rapid Response Team (ERRT) across Niagara to provide assistance to those businesses impacted by COVID-19
LOCAL BUSINESS OWNERS: See below for a list of important resources for financial relief:
- Canada Emergency Response Benefit - $2,000 per month pay if you are closed and not working
- Canada Emergency Commercial Rent Assistance - The criteria has been amended to allow for easier access
- Eviction Ban - Government to introduce changes to the Commercial Tenancies Act to protect small businesses
- Canada Emergency Wage Subsidy - 75% of employee wages
- Canada Emergency Business Account - Interest-free loans of up to $40,000 to small businesses and not-for-profits impacted by COVID-19
- FedDev Ontario supports tourism and recovery efforts across Southern Ontario. From: Federal Economic Development Agency for Southern Ontario News release. The COVID-19 pandemic has had a profound economic impact on businesses and organizations across the country.
Have a question regarding Niagara-on-the-Lake's response to the financial impact of COVID-19? Feel free to ask it below.
Page last updated: 11 Jun 2020, 02:25 PM