The BC Recovery Benefit is a one-time, tax-free payment of up to $1,000 for eligible families and single parents and up to $500 for eligible individuals. Online applications open December 18, 2020. Learn more HERE.
The Canada Emergency Business Account (CEBA) offers relief measures for small Canadian businesses. It is designed to provide additional capital to small businesses to see them through the current economic disruption and uncertainty caused by the COVID-19 pandemic.
To provide additional financial support to Canadian small businesses during this time of unprecedented economic challenge brought on by the COVID-19 pandemic, the Government of Canada, alongside its partners EDC and Canada’s financial institutions, are now offering an increase in support for eligible CEBA applicants.
The CEBA program will now provide access to an additional $20K to eligble borrowers who already received a $40,000 loan and $60,000 for new applicants to CEBA.
For more information or to download the application CLICK HERE.
If you have already applied for CEBA and have questions, please contact the CEBA Call Centre at 1‑888‑324‑4201. An agent will return your call within 3 business days between Monday and Friday from 10:00 am to 9:00 pm EST and can address the following types of questions:
On March 18, the Government of Canada announced immediate action to assist Canadians facing hardship as a result of the COVID-19 outbreak. One of these measures includes a flexible 25% reduction of the required 2020 RRIF minimum payment to provide relief to concerned seniors who are required to redeem assets in this volatile market. For more information, please contact us by email [email protected] or phone 250.495.6522
We remain committed to providing you with the highest level of service and support during this crisis. Our team is still here for you Tuesday to Saturday. Our physical branch may be reduced for hours but we are not closed. Here are some ways to continue to access your money, pay bills, borrow and invest.
If you are faced with financial challenges related to the economic disruption caused by this global pandemic, OCU is here to help you. If you are a borrowing Member of Osoyoos Credit Union, either personal or business, please reach out to the loan department. If you are a renter and can’t find available funds to pay your rent, please reach out to us. We are committed to providing you with customized relief for your situation. You don’t have to weather this alone. Please call (250) 495-6522.
If you are concerned in regards to accessing services at the credit union in any way please contact us so we can assist you.
Resources for Business Members