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COVID-19 Update

We know that our operator and supplier members may be facing challenges during the COVID-19 pandemic. 

CFA is acting as a resource centre on all COVID-19 issues, and is circulating information to all ferry operators, regardless of their membership in our association.  CFA is acting as a conduit of information from the sector to the federal government.

Questions?  Please contact CFA’s CEO Serge Buy (sbuy@canadianferry.ca).

For the latest update on COVID-19, please see the following links:

Over the last few weeks, the federal government has begun to release its COVID-19 Economic Response Plan that provides support to businesses and Canadians. 

Information about these measures are below.

Support for Businesses:

  • Access to Credit

A new Business Credit Availability Program will allow the BDC and EDC to provide $10 billion of additional support targeting small businesses. This support will allow private sector lenders to coordinate on credit solutions for individual businesses. 

Click here for more information.

  • Temporary Wage Subsidy

This 3-month subsidy is equal to 10% of remuneration paid during that period – to a maximum of $1,375 per employee and $25,000 per employer. 

Click here for more information.

  • Regional Support- Tourism Operators, Small Businesses

For tourism operators and small businesses, flexible arrangements may be made with regional development agency (RDA) in your region – support may be available and is assessed on a case-by-case basis.  Click here to find the RDA in your region.

  • Defer payments

CRA will:

  1. Allow businesses to defer the payment of income tax to September 2020.
  2. Not initiate any post assessment GST/HST or Income Tax audits for the next 4 weeks.
  3. Temporarily suspend audit interaction with taxpayers and representatives.
  • EDC’s Canada Account

Changes will be made to support exporters deemed to be in the national interest – allowing the government to provide additional support to the companies through loans, guarantee or insurance policies.

Support for Canadians

  • Temporary Income Support

To support Canadian workers and parents, the government will:

  • Waive 1-week waiting period to claim EI sickness benefits.
  • Introduce the Canada Emergency Response Benefit for workers who lose their income as a result of the COVID-19 pandemic.  Its also covers Canadians who are still employed but not receiving income due to work disruptions and provide up to $2,000/month for up to 4 months.  Application portal to be open in early April.  Click here for more information.
  • Implementing EI Work Sharing Program – providing EI benefits to workers who agree to reduce their normal working hours.
  • One-time special payment through a GST credit to low- and modest-income families.
  • Increase the Canada Child Benefit.
  • Delayed tax filing date and deferral of payment of income tax amounts.
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