Apr 24, 2020

NMMA Canada logoThis News Week Bulletin brings you the latest resources and funding information for your business. The information was originally compiled by NMMA Canada who is staying on top of the government’s changes and has highlighted all the pieces relevant to Canada’s marine business sector. They are actively engaging with MPPs, MLAs and government staff, speaking up on behalf of our industry as we approach boating season. 

NMMA Canada will be reaching out to provincial governments which consider marinas and dealers ‘non-essential’ to advocate for treating our industry the same way as automotive and motorcycle dealers, many of whom are continuing by offering curbside pickup and touchless transactions.

NMMA Canada is also working with their Canadian Outdoor Recreation Roundtable colleagues to communicate to federal and provincial governments about the importance of supporting the outdoor industry in the coming months. The outdoor recreation industry collectively produces an estimated $24.6 billion in economic activity for Canada each year, and governments need to recognize the vital contribution this sector makes to our local communities.

Here are the latest significant developments:

Federal government broadens criteria for Canada Emergency Business Account; announces date for Wage Subsidy applications

The Canada Emergency Business Account (CEBA) provides interest-free loans up to $40,000 to help small businesses and non-profits cover their operating costs during the pandemic. This week, the federal government announced they are broadening the payroll eligibility thresholds for the program. Qualifying employers will now need to show they paid between $20,000 and $1.5 million in total payroll in 2019 (the previous limits were $50,000 and $1 million respectively). Business owners can apply for the CEBA through their banks and credit unions.

The Prime Minister also announced that the application window for the Canada Emergency Wage Subsidy (CEWS) will open on Monday, April 27th. Businesses will be able to apply through CRA My Business Account or a separate online application form. CRA has also created a calculator that allows an employer to figure out their subsidy amount.  Before using the calculator, please ensure you have updated payroll data on hand for each of your employees (including the amount of EI premiums and CPP contributions you have paid on their behalf). 

Once the CEWS application window is open, NMMA Canada will review the application process and share added guidance in future bulletins.

Federal government working with provinces on commercial rent assistance program

This week, the federal government announced it is working with the provinces and territories to introduce a Canada Emergency Commercial Rent Assistance program for small businesses. The program will consist of loans (including forgivable loans) to commercial property owners to enable them to lower or waive rent for small businesses in April, May, and June. NMMA Canada will share more details once they are available.

Industry Canada online tool helps businesses identify COVID-19 funding and supports

Industry Canada has updated its business support finder to include COVID-19 related programs. Using this tool, an employer answers a few questions about their business, the type of help they are looking for, and then the website pulls together an easy-to-read list of relevant programs and services. We encourage you to check out the tool today:innovation.canada.ca

New NMMA Canada webpage tracks restrictions and closures across the country

NMMA is maintaining an evergreen list of restrictions and closures across Canada that pertain to the recreational boating sector, which you can find here. If you come across any errors or have new information to add, please contact Jim Wielgosz at This email address is being protected from spambots. You need JavaScript enabled to view it.

This is a frustrating and stressful time for employers, and NMMA Canada is here to help. If you are unsure about a government program, or have a concern you would like NMMA to raise on your behalf, please do not hesitate to reach out 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.

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The Portuguese Association of Ports and Marinas to Host ICOMIA World Marinas Conference in 2023

 

ICOMIAThe Portuguese Association of Ports and Marinas (APPR) will host the prestigious ICOMIA (International Council of Marine Industry Associations) World Marinas Conference 2023 in Autumn, bringing this international event to Portugal for the very first time.

The bidding took place during an ICOMIA Marinas Group meeting in November 2020 with a good setup from other applying candidates from Europe and the US. Vilamoura Marina at the heart of the Algarve in Portugal was selected as the next location for IWMC 2023. 

 

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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.

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The Limestone Boat Company Announces Electric Outboard Partnership with Vision Marine Technologies

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“With electric vehicle (EV) technology coming more and more to the forefront in our lives, we wanted to provide our customers with reliable and dependable yet disruptive EV marine product offerings on our deep-V hull designs,” said Limestone’s CEO Scott Hanson. 

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Balmar Announces Release of MC-618 Smart Regulator and SG205 Battery Monitor

BalmarBalmar LLC, manufacturer of onboard DC charging systems for cruising sail boat, power boat and RV motorhomes has announced the full production release of the MC- 618 Smart Regulator and SG205 Battery Monitor. Both products are immediately available for shipment and work with both Apple iOS and Google Android devices.

The MC-618 upgrades Balmar’s venerable MC-614 alternator regulator by adding communication capabilities through a connection to the SG200 family of battery monitors. This means that real-time alternator and regulator information can be displayed on either the SG200 Color Display and/or the Balmar Smartphone App. 

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