Small business owners want to see more government relief amid COVID-19 shutdowns
to businesses through the Business Development Bank of Canada and Export Development Bank. And the PM hinted Tuesday that a major announcement on economic measures expected on Wednesday could include tax changes.That’s exactly what Meagan Bowden, the founder of Phancy Food & Catering in Toronto, is hoping for. Her company has lost 95 per cent of its clients — and $10,000 in revenue for March — since last week.
“So far, what the government has announced is undefined and unclear,” Bowden said. “As a business owner who is already stressed about the loss of sales, it’s very overwhelming to read and try to understand what exactly is being offered.”to temporarily exempt independent businesses from paying their 2019 HST and 2020 income tax and to postpone this year’s payment deadline to 2021. The petition has garnered more than 5,000 signatures in four days.
“As you can imagine, the volume of patrons in restaurants and all food businesses alike has decreased significantly — lows like we’ve never experienced before,” she wrote on Change.org. Meagan Bowden of Phancy Food and Catering is calling on the federal government to do more to help businesses affected by the COVID-19 crisis.
“Those who will be most vulnerable to these effects are independently owned businesses that must somehow remain afloat during these times. Rents, insurance, equipment leases, car payments, staff , and the costs of perishable food that must be purchased in order to remain open are all costs that cannot be avoided or unpaid by businesses. They must also maintain their own costs of living to stay alive.”Lisa Kessig owns Serenity Kneaded, a massage therapy practice in Cambridge, Ont.
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