Mar 31, 2020

NMMA Canada logoContinuing our partnership with NMMA Canada and Canada’s marine trade associations, Boating Industry Canada News Week brings you this important bulletin on COVID-19 and the new Federal Business Supports.

On Friday, March 27, the federal government announced some major new supports for Canadian businesses. Many of these reflect policies that NMMA Canada has been pressing the federal government to adopt (see our recent letter to finance minister Bill Morneau), such as deferring tax and tariff remittances and providing more financial aid to businesses affected by this severe economic downturn. Prime Minister Trudeau said that the government would be rolling out more measures to support the hard-hit tourism and hospitality sectors; NMMA will continue strongly advocating on behalf of our members for policies that assist the recreational boating industry. 

Below is a rundown of what has been announced since our last bulletin:

You can read the government news release here.  The Prime Minister indicated the government would share further details about the 75% wage subsidy at a press conference tomorrow (Tuesday, March 31st) with finance minister Bill Morneau and small business minister Mary Ng.

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 their excellent summary of resources. We will continue to share these valuable and timely resources with our Boating Industry Canada News Week readers. You can re-visit these Bulletins at any time on the Boating Industry Canada website. Click Here

Andy Adams – Editor