Federal, Provincial, and Municipal governments have made many announcements on measures to stimulate the economy through various measures such as wage subsidies, rent freezes, and postponement of tax payments.
“These government measures do not fully support not-for-profits and charitable organizations, which are intrinsic to vibrant communities and economies,” said Anita Huberman, CEO, Surrey Board of Trade.
The Surrey Board of Trade is calling on the various orders of government to consider the following as soon as possible:
· Create wage subsidies up to 100% of E.I. for charities and non-profits so they retain staff during this critical time and can continue to serve Canadians in need;
· Ensure that charities and non-profits are eligible for stimulus funding and business loans aligned with what is being proposed for small business;
· Expand the charitable tax credit to encourage charitable giving; and,
· Create a non-profit stabilization fund.
The Surrey Board of Trade is a member of the Provincial COVID-19 Economic Task Force and will be putting these suggestions forward for consideration.
Anita Huberman, 604-340-3899, firstname.lastname@example.org