Financial Aid Resources
Resources For Financial Assistance
Here are some resources for financial aid/assistance. We will do our best to keep up with various levels of government support and post to this page.
Has your business accepted Visa and/or Mastercard credit cards as payment at any point since March 23, 2001?
You could be eligible to receive a portion of a multi-million dollar settlement in a class action lawsuit against Visa and Mastercard for restricting merchants’ ability to surcharge or refuse higher cost (“premium”) credit cards. Applications for rebates are available until September 30th, 2022, so make sure to apply fast!
My Main Street Local Business Accelerator
Are you an independent business owner in Kingston’s Downtown, Inner Harbour or Williamsville neighborhoods, or looking to relocate or start a business in one of these areas?
Kingston Economic Development is participating in the My Main Street Local Business Accelerator – a data-driven program focused on revitalizing main streets while providing residents, new entrepreneurs, and existing businesses with economic opportunities in their main street community. Local businesses will have access to customized market research reports, data analysis, access to business training, and the potential for funding opportunities.
To learn more, visit https://www.kingstonecdev.com/mymainstreet and connect with your neighbourhood My Main Street Ambassador.
Pam Fountas - My Main Street Ambassador for Williamsville and Inner Harbour
Victoria Condlln Smallridge - My Main Street Ambassador for Downtown
COVID-19 restrictions have been devastating for many in the small business community. We will do our best to keep up with various levels of government support and post to this page.
Improvements to TFW Program Announced Today Target Hoteliers
Today, Minister of Employment, Workforce Development and Disability Inclusion, Carla Qualtrough, announced important changes to the Temporary Foreign Worker (TFW) program under the Workforce Solutions Road Map which will provide hoteliers with better access to the program.
In January, HAC undertook a significant campaign to press the Government to make immediate changes to the Temporary Foreign Worker program to help relieve the labour burden for the sector. We recommended prioritized access for accommodation employers, expedited processing, recognition that low-skilled workers are key to our economic rebirth, and the need make the process easier and worth the effort.
Effective April 30:
- Accommodation and Food Services will be among seven sectors in which employers will be allowed to hire up to 30% of their workforce through the TFW Program for low-wage positions for one year
- The policy that automatically refuses LMIA applications in regions with unemployment rate of 6% or higher will end.
- Addressing seasonal peaks, there will no longer be a limit to the number of low-wage positions that employers in seasonal industries. In addition, the maximum duration of these positions will be increased from 180 days to 270 days per year.
- Labour Market Impact Assessments (LMIA’s) will be valid for 18 months, an increase from 9 months. (Prior to COVID-19, LMIA’s were valid for 6 months).
- The maximum duration of employment for High-Wage and Global Talent Streams workers will be extended to three years. This will help workers qualify for permanent residency, contributing to our long-term workforce.
Applications can be submitted here
CEBA and RRRF Loan Repayment Extended by Federal Government, Hardest Hit Tourism and Hospitality Businesses Still Need Your Help
Today the federal government has announced that the repayment deadline to qualify for partial loan forgiveness for both the CEBA and RRRF loans is being extended from December 31, 2022, to December 31, 2023.
Both CEBA and the RRRF have helped small businesses and other organizations remain resilient and financially solvent throughout the pandemic.
For more information, please visit here
Government extends expands access to local Lockdown Program and Worker Benefit
Small Business Relief Grant for small businesses
- Restaurants and bars;
- Facilities for indoor sports and recreational fitness activities (including fitness centres and gyms);
- Performing arts and cinemas;
- Museums, galleries, aquariums, zoos, science centres, landmarks, historic sites, botanical gardens and similar attractions;
- Meeting or event spaces;
- Tour and guide services;
- Conference centres and convention centres;
- Driving instruction for individuals; and
- Before- and after-school programs.
Ontario Business Costs Rebate Program
Improving Cash Flow for Ontario Businesses
The government is also improving cash flows for Ontario businesses by providing up to $7.5 billion through a six-month interest- and penalty-free period starting January 1, 2022, for Ontario businesses to make payments for most provincially administered taxes.
Current provincial measures to support businesses and workers include:
- Cutting wholesale alcohol prices to provide approximately $60 million in annual support to restaurants, bars and other businesses, as well as making it easier for businesses to create and extend patios and permanently allowing licensed restaurants and bars to include alcohol with food as part of a takeout or delivery order.
- Extending COVID-19 paid sick days until July 31, 2022, to keep workers safe and ensure they do not lose pay if they need to miss work for reasons related to COVID-19.
- Enabling an estimated $10.1 billion in cost savings and support to Ontario businesses in 2021, with more than 60 percent, or $6.3 billion, going to small businesses, including:
- Supporting a reduction in Workplace Safety and Insurance Board (WSIB) premiums.
- Allowing businesses to accelerate write-offs of capital investments for tax purposes.
- Reducing the small business Corporate Income Tax rate to 3.2 percent.
- Providing the Digital Main Street program, which helped more than 20,000 businesses across the province to increase their digital presence in 2020-21.
- Introducing and temporarily enhancing the Regional Opportunities Investment Tax Credit to encourage investments in certain regions of Ontario that have lagged in employment growth in the past.
- Providing targeted COVID-19 support through the Ontario Tourism and Travel Small Business Support Grant.
- Lowering high Business Education Tax (BET) rates for job creators.
- Increasing the Employer Health Tax (EHT) exemption from $490,000 to $1 million.
- Lowering electricity bills through measures such as the Comprehensive Electricity Plan, with the Province paying for a portion of high-priced, non-hydro renewable energy contracts.