New resources and information continue to become available for the business community to ease the impacts of Covid-19. Some of the latest announcements can be found below.

As always a full list of resources, from a variety of sources and organizations, is available by visiting the Town’s Business Support webpage.

If you have questions about any of the information below please reach out to the Economic Development Officer at heather.hyde@saugeenshores.ca

Small Business Property Tax Credit Input Needed

In the provincial budget announced earlier this year, the provincial government noted an option to allow municipalities to create a new tax subclass for small business property owners. The intention is that small businesses pay a lower rate than their larger counterparts.

The County of Bruce is looking for feedback on a potential Property Tax Credit for Small Business.

Community members and business owners can sign up for the one-hour virtual workshop on July 20 at 5 p.m., or July 22 at 10 a.m. here and complete the online survey here.

The virtual workshop will review the background of the project, eligible properties, current and comparative tax rates, and the impact of the tax discount. The discussion will seek feedback regarding the amount of the discount, defining a small business, the qualification process, and who gets the discount.

The survey asks participants to highlight whether they support the tax credit, identify discount amounts for commercial and industrial properties, define small businesses, and the location of eligible businesses.

The information collected from the survey and consultation will be incorporated into a report to Bruce County Council to make a decision on whether to move forward with the Small Business Property Tax Credit for 2022. If approved by Bruce County Council, local municipalities will implement a Small Business Property Tax subclass to target tax credit by reducing property taxes to eligible small business properties.

Canada Community Revitalization Fund (CCRF)

The Canada Community Revitalization Fund (CCRF) aims to help communities across Canada build and improve community infrastructure projects so they can rebound from the effects of the COVID-19 pandemic. With a national investment of $500 million over two years, the Fund will support not-for-profit organizations, municipalities and other community groups, as well as Indigenous communities to:

  • build new community infrastructure and revitalize existing assets
  • bring people back to public spaces safely as health measures ease
  • create jobs and stimulate local economies

Examples may include projects involving:

  • downtown cores and main streets
  • green projects and projects that reduce environmental impacts
  • improvement of accessibility
  • farmers' markets
  • community and cultural centres
  • museums and libraries
  • public outdoor community sports facilities and spaces
  • waterfront and tourism facilities
  • multi-purpose centres
  • other existing community facilities for public benefit that have a local community impact and underpin local economies

The Fund is being delivered by Canada’s regional development agencies. Applications are now open.

To learn more: Canada Community Revitalization Fund (CCRF)

Tourism Relief Fund available through FedDev Ontario

The Government of Canada has just launched the Tourism Relief Fund, to be delivered through FedDev Ontario. The Tourism Relief Fund supports tourism businesses and organizations to adapt their operations to meet public health requirements while investing in products and services to facilitate their future growth. This fund has a $500 million budget (ending March 31, 2023) and will focus on product development and destination development.

Contributions to businesses will be either non-repayable contributions up to $100,000 for up to 50% of eligible costs OR fully repayable contributions up to $500,000 for up to 75% of eligible costs. 

Eligible applicants include tourism entities that cater mainly to visitors, such including businesses, not-for-profit organizations, and band councils or other Indigenous organizations and cooperatives.  

To be considered eligible for this fund, applicants must meet at least one of the following criteria: 

  • Be a key supplier or operator in the visitor experience; 
  • Be part of a defined tourism cluster or a tourism dependent community, including supporting downtown cores; or 
  • Provide an anchor product or service in a tourism destination. 

For more information on eligibility and how to apply, please consult the 

Tourism Relief Fund – Application guide - FedDev Ontario

Impact of COVID-19 on the Canadian Economy and Consumer Sentiment 

As of May 31, 2021

To better understand the impact of COVID-19 on the economy, the consumer mindset and to inform marketing recovery strategies, Destination Ontario has accessed various economic and public attitude and behavior studies.

View the key findings from the research here.