Tuesday December 1, 2020
Facebook Twitter Linkedin Linkedin Linkedin Linkedin

Federal programs provide a lifeline for independent contractors

Tuesday, November 17, 2020

The Travel Agent Next Door has been keeping its agents informed about the various government programs available for independent contractors and small businesses.  

These programs began in spring 2020 and have now morphed into two programs that will continue to provide relief to independent travel agents and travel agencies.

Federal programs provide a lifeline for independent contractors

Our industry is one of the hardest hit and will likely need support well into 2021.

The good news is, it is very easy to apply for these new programs and agents who are also business owners can actually apply for both.

However, TTAND strongly recommends that all agents and business owners also consult their own accountants or advisors on these matters.

Here are the two programs that support independent contractors and travel agencies.



What is it?

The Canada Recovery Benefit (CRB) gives income support to employed and self-employed individuals who are directly affected by COVID-19 and are not entitled to EI benefits.

If you are eligible for the CRB, you can receive $1,000 ($900 after taxes withheld) for a 2-week period.

If your situation continues past 2 weeks, you will need to apply again. You may apply up to a total of 13 eligibility periods (26 weeks) between September 27, 2020 and September 25, 2021.

Who can apply?

If you had a 50% reduction in your average weekly income compared to the previous year due to COVID-19

There are a number of other reasons on the website.

How it works

You are eligible if your income as a contractor will be below $38,000 NET (after expenses)

If you go over $38,000, you will have to payback 50 cents of every dollar over and above $38,000 in benefits.



What is it?  

CEBA supports businesses by providing financing for expenses that cannot be avoided or deferred and provides interest-free loans of up to $40,000 to small businesses.

As of Oct. 26, 2020, eligibility for CEBA has expanded by removing the previous March 1, 2020, condition for having an active business chequing/operating account.

Eligible businesses can now apply after opening a business chequing/operating account with their primary financial institution. There’s lots of information in the FAQ section of the website.

CEBA is available from more than 220 financial institutions across the Canada.

Tags: Sphere, TTAND
Jill Wykes
No word of airline bailout but travel and tourism gets loan program
The industry will have to wait a while longer to hear about any bailout for Canada’s airlines, and, crucial for the...
Cyber Monday savings from Sunwing, Transat, ACV and more
Cyber Monday savings from Sunwing, Transat, ACV and more
The deals keep coming with Cyber Monday promotions from Sunwing, ACV and Transat, and an extended Black Friday week...
We asked 3 veteran agents 3 questions on how they’re handling the pandemic
We asked 3 veteran agents 3 questions on how they’re handling the pandemic
In a world filled with so much uncertainty, experience wins out when it comes to facing and overcoming challenges.
Scenic Cruises’ Super Early Bird promotion now available
Scenic Cruises’ Super Early Bird promotion offers savings on all 2022 departures across both Scenic’s river...
View all News

Get travel news right to your inbox!