Mar 27, 2020

NMMA Canada logo

The following Boating Industry Canada News Week Bulletin has been compiled for our readers by NMMA Canada to provide a summary of the latest steps our Federal and Provincial Governments are taking to support Canadians during the novel coronavirus (COVID-19) situation.

NMMA Canada continues to work around the clock to provide you with relevant information to support your businesses.

On March 25th, the federal parliament passed legislation (Bill C-13) that builds on the government’s $82 billion COVID-19 relief package aimed at delivering financial aid to Canadians and businesses. The highlights of the package include:

  • Introduces a Canada Emergency Response Benefit providing a taxable benefit of $2,000 a month for up to 4 months to support workers who lose their income as of result of the COVID-19 pandemic. The benefit would cover Canadians who have lost their job, are sick, quarantined, or taking care of someone who is sick with COVID-19, as well as working parents who must stay home without pay to care for children who are sick or at home because of school and daycare closures. Additionally, workers who are still employed, but are not receiving income because of disruptions to their work situation related to COVID-19, would also qualify for the CERB. The CERB is available to Canadian workers affected by the current situation whether or not they are eligible for Employment Insurance (EI).
  • Helps businesses keep their workers by providing eligible small employers a temporary wage subsidy for a period of three months. Eligible employers would include small businesses (including co-operative corporations) eligible for the small business deduction, unincorporated employers, certain partnerships, non-profit organizations and charities. 
  • Supports Canadian businesses through the Business Development Bank of Canada (BDC) by temporarily providing the Minister of Finance with more flexibility to determine BDC’s capital limit, allowing it to provide further financial support to Canadian businesses when they need it. 
  • Supports Canadian businesses through Export Development Canada (EDC) by temporarily providing the Minister of Finance with more flexibility in setting EDC’s capital and liability limits – as well as the Canada Account limit – and expanding EDC’s ability to engage in domestic financial transactions so that it can more effectively deliver financial and credit insurance support to affected Canadian businesses.
  • Supports the mortgage financing market in Canada by enhancing the Canada Mortgage and Housing Corporation’s (CMHC) access to capital, and increasing its insurance-in-force and guarantees-in-force legislative limits, so that it can continue to provide stable funding to banks and mortgage lenders in support of continued lending to Canadian businesses and consumers. 
  • Provides additional assistance to families with children by temporarily boosting Canada Child Benefit payments, delivering almost $2 billion in extra support.
  • Provides additional assistance to individuals and families with low and modest incomes with a special top-up payment under the Goods and Services Tax (GST) credit, delivering $5.5 billion in support.

You can view the government’s full news release here: https://www.canada.ca/en/department-finance/news/2020/03/the-covid-19-emergency-response-act-receives-royal-assent0.html.

STORY CONTINUES…

Mandatory 14-day Isolation

For those returning from travel abroad, please note that the government has also enacted a mandatory 14-day isolation for anyone entering Canada. This will be implemented by the Canada Border Services Agency at all ports of entry and the enforcement officers will be doing spot checks to ensure compliance. Maximum penalties for breaching this order include a fine of up to $750,000 and/or imprisonment for six months. You can read the relevant news release here: https://www.canada.ca/en/public-health/news/2020/03/new-order-makes-self-isolation-mandatory-for-individuals-entering-canada.html.

Ontario Government $17-billion mini-budget” 

In addition, the Ontario government tabled its $17 billion ‘mini-budget’ which provides significant relief to businesses and families in the province. The centerpiece of the package is the COVID-19 action plan, which includes:

  • $3.7 billion to support people and jobs.
    • Making electricity bills more affordable for eligible residential, farm and small business consumers through a $1.5 billion increase in electricity cost relief compared to the 2019 Budget. In addition, the Province is also setting electricity prices for time-of-use customers at the lowest rate, known as the off-peak price, 24 hours a day for 45 days, to support ratepayers in their increased daytime electricity usage as they respond to the COVID‑19 outbreak, addressing concerns about time-of-use metering;
    • Cutting taxes by $355 million for about 57,000 employers through a proposed temporary increase to the Employer Health Tax (EHT) exemption;
    • Helping to support regions that have been lagging in employment growth with a proposed new Corporate Income Tax credit — the Regional Opportunities Investment Tax Credit;
    • $75 million in urgent additional support for low-income seniors by doubling the Guaranteed Annual Income System (GAINS) maximum payment to $166 per month for individuals and $332 per month for couples for six months, starting in April 2020;
    • Helping families pay for extra costs associated with school and daycare closure during the COVID‑19 outbreak by providing a one-time $200 payment per child up to 12 years of age, and $250 for those with special needs, including kids enrolled in private schools;
  • $10 billion in support for people and businesses to improve cash flows.
    • Providing a five-month interest and penalty-free period to make payments for the majority of provincially administered taxes, providing $6 billion in relief to help support Ontario businesses when they need it the most
    • Providing up to $1.9 billion in financial relief by the Workplace Safety and Insurance Board (WSIB) allowing employers to defer payments for up to six months
  • $3.3 billion of additional resources for health care.

Please refer to the Ontario government’s website for further details: https://budget.ontario.ca/2020/marchupdate/index.html.

All Provincial business resource announcements 

For reference, below are links to business resources that have been announced by other provinces:

Canadian Federation of Independent Business (CFIB) supports for business

The Canadian Federation of Independent Business (CFIB) is also keeping an extremely helpful evergreen list of federal and provincial government supports for businesses: https://www.cfib-fcei.ca/en/small-business-resources-dealing-covid-19#govt. Please consult this often.

For any question or issues you may have, NMMA Canada welcomes your email to Sara Anghel (This email address is being protected from spambots. You need JavaScript enabled to view it.) or Jim Wielgosz (This email address is being protected from spambots. You need JavaScript enabled to view it.).

Our thanks to NMMA Canada for this excellent summary of resources. We will continue to share these valuable and timely resources with our Boating Industry Canada News Week readers.

Andy Adams - Editor

Featured Articles

  • Prev
Especially endangered species such as Nassau Grouper, Giant Sea Bass, Atlantic Cod and Humphead ...
Two well-established marine distributors with deep Maritime roots are joining together to form ...
Kropf Industrial has completed a successful floating breakwater project for the City of ...
Late on October 28, 2020, the National Marine Manufacturers Association (NMMA), announced ...
The Advanced Marina Management (AMM) program is the final training course required to apply for ...
The Marine Debris Recovery Initiative (MDRI), a collaboration with the Clean Coast, Clean Waters ...
The new Boating Industry Canada calendar for 2021 will be mailed in November, packaged with the ...
As the 2020 season comes to end, I would like to say congratulations to everyone in the ...
We are all Navigating Uncharted Waters. In business, at home and in our daily lives. This ...
Boating Ontario is super excited to announce Takin’ Charge Tuesdays! Takin’ ...

SEA LIFE RESCUE TO LAUNCH GLOBAL FLEET OF SHIPS TO RESTORE DECIMATED FISH STOCKS

 

Sea Life rescue TeaserEspecially endangered species such as Nassau Grouper, Giant Sea Bass, Atlantic Cod and Humphead Wrasse. Sea Life Rescue, an initiative born from veterans of the Superyacht Industry, is launching a program to release billions of fertilized eggs from an array of specially refitted vessels. This global fleet of rejuvenation ships will focus on restoring the ocean’s most critically endangered fish populations.

The mass depletion of fish stocks is an urgent wake-up call for humanity. The UN Food and Agriculture Organization (FAO) estimates that 70% of Marine Life is exhausted, overused, or in crisis. 

Read More


 

Boating Industry Canada News Week

 

Every Tuesday we publish a fresh Digest with informative articles pertaining to the Canadian boating and marine industry. Stay up to date with the latest products, research and industry developments.

Missed an Issue of Boating Industry Canada News Week? If you're looking for a specific issue, or simply want to catch up on previous issues, check out our Boating Industry Canada News Week Archives.

Not signed up for News Week? Subscribe here

 

 

 

 

 

Changing Scene

  • Prev
For those interested in, or impacted by the Great Lakes water levels issues, a recording of the ...
Executing a comprehensive plan to build a strong foundation for the future, Suzuki Motor ...
This year Standards Week includes several virtual events over the course of four ...
Toronto International Boat Show has announced that it has finalized plans for its 2021 Virtual ...
Tanki, the start-up company behind a novel environmentally safe sanitary paper designed to ...
Transport Canada (TC) Office of Boating Safety (OBS) wants to hear from stakeholders, especially ...
Accompanied by a Marine Classification Program Review Committee, in recent years, the Nautical ...
MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) announced November 11, financial ...
MarineMax Vacations is pleased to announce the expansion of their charter offering to The Bahamas ...
Walkers Point has been providing service, storage and sales to the Muskoka boating clientele ...

TANKI WINS PRESTIGIOUS MARITIME UK INNOVATION AWARD

TANKITanki, the start-up company behind a novel environmentally safe sanitary paper designed to prevent blockages in sewage treatment plants and toilets, has won the prestigious Maritime UK 2020 Innovation Award.
 
The award, sponsored by the UK Ship Register, was presented by Dee Caffari MBE in a well-executed virtual event broadcast last week, following live streams from Her Royal Highness The Princess Royal, the Member of Parliament for Plymouth, and Shadow Environment Secretary, Luke Perry MP, and UK Secretary of State for Transport Grant Shapps MP.

Read More


 

Marine Products

  • Prev
Safety-minded owners whose boats have a 30A SmartPlug installed often don't know what kind of ...
As ports age, lenses haze and frames and gaskets crack and begin to leak. Replacing them is what's ...
World leading manufacturer of Rigid-Inflatable Boats (RIB), Zodiac Nautic, have installed ...
In early 2020, Furuno introduced NavNet TZtouch3, setting the standard for MFDs by packing powerful ...
Furuno USA invites you to join them for a LIVE streaming premiere of some new technology for 2021. ...
Hubbell Marine expands its comprehensive offering of quality electrical connection components with ...
Introducing Indie Marine, a new Canadian marine supply importer whose goal is to bring the ...
With growing demand being placed on onboard electrical power supplies these days, it's an ideal ...
Tasked with scrubbing non-skid and hardware during frequent routine maintenance, few tools take the ...
Few things sparkle on the water like a freshly-waxed hull, but to get that showroom shine, ...

FURUNO'S NAVNET TZTOUCH3 FAMILY EXPANDS WITH INTRODUCTION OF NEW 9-INCH MFD

Furuno's Navnet TZtouch3In early 2020, Furuno introduced NavNet TZtouch3, setting the standard for MFDs by packing powerful features and functions into super-bright and responsive IPS displays. These units are not only the most powerful MFDs on the market, but also the easiest to use, with a variety of screen sizes and interface options to suit any boating style or size of vessel.

Now, Furuno is expanding that ground-breaking line of MFDs with the addition of the TZT9F, a new, smaller MFD that packs the power of NavNet TZtouch3 into a 9” IPS display, suitable for smaller helms, flybridges, and second stations.

Read More


 

People

  • Prev
It is with great sadness that we announce that Frank Willis Butler, President and Chief Executive ...
Carling Technologies is saddened to announce that its Director of Sales for the Maretron ...
Groupe Beneteau Americas has announced two important executive appointments in their powerboat ...
Furuno USA is mourning the passing of Commercial Sales Representative Jeff Shield. Jeff passed away ...
Maple Leaf Marinas has announced that Peter Hart has joined the company as General Manager of ...
Bernard “Bernie” Luttmer (b. March 20 1945) passed away peacefully with his family at his side on ...
Navico – parent company to the Lowrance, Simrad Yachting, B&G and C-MAP brands – recently ...
The American Boat & Yacht Council (ABYC), the essential source of technical information ...
Rob Parmentier has been named President & CEO of Sailfish Boats.  Prior to this ...
North South Nautical Group Inc. is pleased to announce the appointment of Dan Peel as a yacht ...