Province offering off-peak electricity all day; small business grants

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Temporary measures are being implemented as Ontario faces another wave of COVID-19.

This includes supporting small businesses and reducing electricity costs.

Off-peak electricity prices for 21 days:

Officials are offering relief on electricity rates across the province.

For 21 days, starting at 12:01 AM on January 18, electricity prices will remain at the off-peak rate throughout the day.

“The off-peak rate will automatically apply to homes, small businesses and farms that pay regulated rates set by the Ontario Energy Board and receive a utility bill and will benefit customers of the plans.” tariffs according to the hour of use and at several levels. Reads a press release.

Ontario COVID-19 Small Business Grant:

Some businesses that have been forced to shut down are offered grants of $ 10,000, including:

  • Restaurants and bars
  • Indoor sports and fitness, including gyms and weight rooms
  • Movie theater
  • Museums, galleries, aquariums, zoos, science centers and historic sites
  • Meeting or event spaces
  • Congress centers and convention centers
  • Driving instruction
  • Extracurricular programs

The new program is called the COVID-19 Ontario Small Business Grant, and is distinct from the Ontario Small Business Support Grant.

Companies already qualified for the Ontario Small Business Support Grant will be preselected; some will not need to enroll in the new program.

Small businesses eligible for the new program can expect to receive their payment in February.

“Small businesses, job creators and entrepreneurship are the backbone of Ontario’s economy,” Economic Development Minister Vic Fedeli said in a statement. “Sadly, these businesses have been among the hardest hit by COVID-19, and many continue to struggle. “

Ontario Business Expense Reimbursement Program:

Online applications for a previously announced tax refund program will open on January 18.

the Ontario Business Expense Reimbursement Program offers rebates on property tax and energy costs for certain businesses affected by the latest pandemic wave.

Those who close for indoor activities will get a rebate worth 100 percent of their costs.

Those who reduce their capacity to 50 percent will get a 50 percent discount.

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