Centre for Israel and Jewish Affairs The Charities Directorate is - PowerPoint PPT Presentation

Nov 10, 2022 •137 likes •248 views

Centre for Israel and Jewish Affairs The Charities Directorate is extending the filing deadline to December 31, 2020, for all charities with a Form T3010, Registered Charity Information Return due between March 18, 2020 and December 31, 2020.

Centre for Israel and Jewish Affairs
The Charities Directorate is extending the filing deadline to December 31, 2020, for all charities with a Form T3010, Registered Charity Information Return due between March 18, 2020 and December 31, 2020.
Work-Sharing helps employers and employees avoid layoffs when there is a temporary decrease in business activity beyond the employers control. The program provides EI benefits to eligible employees who agree to reduce their normal working hours and share the available work while their employer recovers.
New COVID-19 Measures • Effective March 15, 2020 to March 14, 2021 • Maximum duration of a WS agreement extended from 38 weeks to 76 weeks • Cooling off period is waived for employers who have already used the WS program , allowing eligible employers to immediately enter into a new agreement Eligibility • Not-for-profits are eligible if you are; • a year-round business in Canada for at least 1 year • with at least 2 employees in the WS unit* *core employees who have agreed to participate in the Work-Sharing program
A 75% wage subsidy for qualifying businesses and not- for-profits. The subsidy is for up to 3 months, and is retroactive to March 15, 2020.
• Businesses and not-for-profits whose revenue has decreased by at least 30% or more due to COVID • Not limited by number of employees • Subsidy will be on the first $58,700 earned by an employee, up to $847/week Requirement of a 30% loss of income • more for businesses • difficult for not-for-profit sector to demonstrate loss in the timeframe since COVID began • Clarification on this is expected this week
The Canada Emergency Business Account will provide interest-free loans of up to $40,000 to small businesses and not-for-profits, to help cover their operating costs during a period when revenues have been temporarily reduced. A quarter of this loan (up to $10,000) is eligible for complete forgiveness.
Eligibility: • Demonstrate you paid between $50,000 to $1 million in total payroll in 2019. These programs are through the Business Development Bank of Canada and Export Development Canada. They will begin in the three weeks after March 27. Interested organizations should work with their current financial institutions.
• Additional announcements expected through the week • Many program details and specifics are unknown • Not all programs will have applications (tax remittances, etc.)
What we are advocating for • Increased funding and financial supports for the charitable and not-for-profit sector • Includes Federations, partner agencies, and social service agencies Main asks • Wage subsidy program to include not-for-profits • Including not-for-profits in economic support programs for businesses
For CIJA • Revising our asks based on government program and policy announcements • Monitoring and sharing all relevant updates • Continued development of the COVID Resources Guides, available at cija.ca/covid-19-resources For you • Continued communication with regional and federal CIJA staff on your needs • Preparing financial documents for program applications

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