COVID-19

Stay on top of the evolving situation and how it impacts your business

Important COVID-19 Information

We stay on top of the evolving situation and updates that impact your business - our knowledge and expertise will help you navigate through this.


The COVID-19 pandemic has had a significant impact on Canadian businesses with various programs, benefits and more being made available, along with changes targeted at businesses and their financial needs.  Our team is ready to assist you with the latest information, adjustments and opportunities to help your business stay strong and come out ahead.  Whether Federal, or specific to Manitoba - our team is well versed in the information that your business needs to know.

Information last updated January 20, 2022.

Please note:  The situation and funding, along with eligibility, is continuing to change, so the information here is up to date as noted.  This is not a comprehensive update on all government supports. It is meant as an overview with applicable links to the supports most commonly needed for businesses.  This includes our interpretation of what the intent is, but it’s not a substitute for doing your own due diligence.

To keep up-to-date with Canada’s COVID-19 Economic Response Plan, visit https://www.canada.ca/en/department-finance/economic-response-plan.html.

Resources & Information

Unsure of the available benefits to you during COVID-19?  The Government of Canada has developed interactive questionnaires to sort through what’s available as an individual and as a business.

Individuals: https://covid-benefits.alpha.canada.ca/en/start

Businesses: https://innovation.ised-isde.canada.ca/s/?language=en

With all of the various COVID-19 related benefits, it can be hard to keep up with what you may qualify for. Here is a tool, offered from the Government of Canada’s website that can help you narrow down your search!

It’s as easy as filling in the blanks.

Visit Source

Many businesses have received a CEBA loan during this pandemic.  On January 12, 2022, it was announced that “the repayment deadline for CEBA loans to qualify for partial loan forgiveness is being extended from December 31, 2022 to December 31, 2023, for all eligible borrowers in good standing.”  Source

This gives businesses 1 additional year to repay back the outstanding balance of their loan (minus the portion available to be forgiven).

What happens if the loan cannot be repaid back by December 31, 2023?
Interest will begin, at a 5% per annum rate, on January 1, 2024, with only interest payments required until full principal is due on December 31, 2025.
Source

Claim periods for both CERS and CEWS has been extended to early May 2022.  CEWS’ and CERS’ last period to claim is scheduled to be Period 28: April 10 to May 7, 2022. 

Starting on October 24, 2021, the claim period numbers for CERS align with the wage subsidies.  This means the first claim period for rent subsidies under the Tourism and Hospitality Recovery Program (THRP) and the Hardest-Hit Businesses Recovery Program (HHBRP) is period 22.
Source

When looking to claim the CEWS, you have the option to claim the higher amount from one of the following programs: CEWS, Canada Recovery Hiring Program (CRHP), the wage portion of the Tourism and Hospitality Recovery Program (THRP) or the wage portion of the Hardest-Hit Business Recovery Program (HHBRP).
Source

The Canada Recovery Hiring Program (CRHP) was created to help employers hire the workers they need to recover and grow, with a subsidy of up to 50% of additional eligible salary or wages.  This program allows eligible employers to hire new workers, increase workers’ hours, or increase wages at a pace that works for them.

For each claim period, employers can claim either the higher of the CRHP or the wage portion of the Tourism and Hospitality Recovery Program (THRP), or the Hardest-Hit Business Recovery Program (HHBRP).

This program is specifically for business, charities or non-profits who have been affected by the pandemic are either part of the tourism, hospitality, arts, entertainment or recreation sectors, or affected by a qualifying public health restriction.
Source

The Hardest-Hit Business Recovery Program is for eligible organizations, regardless of their sector, who have faced deep losses due to the pandemic.  To qualify, you must have had a 12-month average revenue drop of at least 50% (from March 2020 to February 2021) and you have a claim period drop of at least 50%.
Source

If your business has had revenue decreases of 50% or more as a result of COVID-19, you may be eligible for a HASCAP loan ranging from $25,000 to $1 million, with a repayment term of up to 10 years.  The application deadline has been extended again to March 31, 2022.  To apply, you need to contact your primary financial institution.  Not sure if your bank is participating?  Check out the list of participating financial institutions here.

Manitoba businesses can access funding up to $2,500 per employee, up to a maximum of $75,000 per company, for retraining and upskilling to adapt to the changing needs of the business.  Active and permanent, Manitoba-based, registered businesses with a Manitoba Business Number, in good standing with the Manitoba Companies Office, are eligible.

Costs associated with the employee’s training, such as tuition fees, fees charged by an external training provider, mandatory participant fees and course examination fees, are eligible for reimbursement.  The business must have already paid for the employee’s course(s) with a start date between April 1, 2021 – August 31, 2022, prior to requesting for reimbursement through the program.

Applications are processed on a first-come, first served basis, and will be open until end of day March 31, 2022, or until funds have been exhausted, whichever occurs first.

Visit Retrain Manitoba’s Frequently Asked Questions (FAQ) page for additional information.
Source

This program provides assistance to businesses affected by the COVID-19 public health orders released on December 17, 2021.  Business who donate surplus food to a charity that feeds the homeless or other Manitobans in need can deduct the cost of the food for income tax purposes.

Things to keep in mind

Loans and tax deferrals must be paid so before you sign on make sure you can afford to pay them once business returns to normal.  

Use this time to plan for the return:

  • If you had to lay off your staff and can’t bring them back with the 75% wage subsidy, then how do you re-hire them when things return to normal?
  • What will you need to do to get up and running again?
  • How do you communicate to your customers now and after things return to normal?
  • Do you have a marketing strategy to increase your sales quickly?
  • Will your business look the same after?
  • Are there new things you want to implement?
  • What about all those things you have wanted to get done but never had time?
  • Even if you are closed now, make sure you are still communicating with your customers, so they remain loyal when you open up again.

Intrinsic's Business Services’ Response

  • We are maintaining our website so that Manitoba Businesses can easily find the resources they need to manage through this challenging time.
  • We are continually updating our clients with the changes and how it may impact them.
  • We are working with our clients one on one to make sure they are aware of the benefits that impact them.
  • We are working with our clients on an as-needed basis through consultation calls and projecting the impact this will have on their business.
  • Through the use of technology, we continue to have meetings with existing and prospective clients so we continue to serve their needs.

If there is any way we can assist, please let us know and we will do our best, as we work together to navigate through these “interesting” times.

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