Member Information & Resources
Dear ADAC Members,
As we all navigate our way through this new and strange world, we at ADAC wanted to let you know that we have you – our members, friends and arts community – in mind.
Our team is working safely from home, with access to all our files and phones, so if you need to reach us please don’t hesitate.
For those of you who work on appraisals with Kendra, she is working with her contacts to ensure we have the latest information on hand, and will disseminate to all those concerned.
Below are links to resources, information, updates on COVID-19:
Canada Emergency Rent Subsidy
Nov 24/20: This UPDATE comes directly from the Office of the Minister of Small Business, Export Promotion and International Trade Canada Emergency Rent Subsidy
“Today, we opened the CERS to receive applications from qualifying organizations. These organizations can now apply directly for the subsidy for the period from September 27 to October 24, 2020 through the Canada Revenue Agency (CRA) My Business Account, or Represent a Client portals. Applications for the second CERS period (October 25 to November 21, 2020) will open on November 30.
In response to concerns raised by stakeholders about the program, the Government is proposing to amend the CERS in order to allow applicants to include eligible expenses in their CERS application before the expense has been paid. This means that organizations can include rent and other eligible amounts already paid in respect of a claim period as well as amounts that are payable for the claim period when submitting their CERS applications. Amounts that are not paid at the time of the application will have to be paid no later than 60 days after payment of the subsidy.
The CRA has launched a CERS online calculator and application form that are designed almost identically to those of the Canada Emergency Wage Subsidy (CEWS). The calculator guides applicants through a step-by-step process that allows them to determine the subsidy amount they can claim, based on the information they enter. The CERS web pages include detailed information about eligibility requirements, how payment periods are structured, and how the subsidy is calculated.
The CRA will collect applications over the coming days and, on November 30, process applications received to date. Qualifying organizations whose claims successfully clear the CRA’s automated verification system and that are registered for direct deposit should expect to begin receiving payments starting on December 4. In cases where the CRA does not have enough information on file to process a claim, we will ask organizations to provide us with additional information so that we can verify their eligibility before we process their application.”
Resources for Re-opening (when appropriate)
The Retail Council of Canada has the following information and resources as life slowly opens up:
Covid-19 Health Information: Federal Government
Covid-19 Health Information: Provincial & Territorial Health Services
Government Support: for Businesses
The Government is continually refining their support for Canadian Businesses, please see their page Supporting Canadian Businesses for up-to-date information.
Government Support: Temporary Wage Subsidy
The Federal government is continually refining the temporary wage subsidy eligibility/criteria and deadlines. Please go directly to their website HERE for more information.
Canada Emergency Business Account
CEBA provides zero-interest loans up to $40,000 to small business and non-profit organizations that have experienced diminished revenues due to COVID-19 but face ongoing non-deferrable costs, such as rent, utilities, insurance, taxes and wages. Repaying the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 25 percent (up to $10,000)
October 26, 2020 – The government announced that the Canada Emergency Business Account (CEBA) will be available to businesses that have been operating out of a non-business banking account, as early as today.
To be eligible, businesses must have been operating as a business as of March 1, 2020, must successfully open a business account at a Canadian financial institution that is participating in CEBA, and meet the other existing CEBA eligibility criteria. The deadline to apply for CEBA is December 31, 2020.
CEBA is part of our economic response plan to help Canadians and Canadian businesses deal with the COVID-19 pandemic. The measures under this plan are helping businesses keep their doors open, keep their employees on payroll, protect the jobs that Canadians depend on, and recover quickly when the time comes.
Please go to the CEBA website for further information. Businesses interested in the program should speak with their current financial institutions.
Updates for the Art World
How Arts Funding Is Being Affected by COVID-19, published in CanadianArt