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COVID-19: A roundup of economic relief measures for Yukon

In response to the COVID-19 outbreak, the Yukon government and its partners have announced a number of emergency measures to support residents affected by the pandemic. Below is a roundup. We will update this as things change or new measures are added.

Please see the federal COVID-19 support measures here.

Updated: May 1, 2020

Yukon Business Relief Program

What is it?

  • The program provides non-repayable grants to cover specific fixed costs such as commercial rent or lease, utilities, sewage and waste disposal among others.

Who’s eligible?

  • This program is open to Yukon businesses, including home-based businesses, which have faced a minimum of 30 per cent loss in gross revenue due to the COVID-19 pandemic. See full criteria.

When is it effective?

The program will cover eligible costs incurred from March 23, 2020, to May 22, 2020.

How to apply

  • Download the application and apply before June 30, 2020.

YWCHSB premiums relief

What is it?

  • Two relief programs offered by the Yukon Workers’ Compensation Health and Safety Board (YWCHSB):
    1. Businesses have the opportunity to revise their annual payroll estimates. Consequently, employers may even be eligible for a refund of their 2020 assessment premiums if they have experienced a significant change in their account.
    2. Businesses have the opportunity to defer their assessment premiums without penalty or interest charges to a date that is appropriate for their business situation.

Who’s eligible?

  • Businesses experiencing serious adverse financial impacts from COVID-19.

How to apply

  • Contact YWCHSB for further information at 867 667-5645.

Payment flexibility for Housing Corporation loans or mortgages

What is it?

  • An option for Yukon Housing Corporation loan or mortgage clients who are unable to make their payments to request a deferral.
  • Deadline extensions for loans and grants if clients cannot meet their project’s timeline.
  • Housing Corporation waiving the requirement for pre-approved loans clients to submit quotes for work to be done within 90 days.

How to apply

  • Please email your program officer. If you do not know who your program officer is, you can email your request to ykhouse@gov.yk.ca.

Payment flexibility for Housing Corporation rent

What is it?

  • For those who have lost income because of the COVID-19 pandemic, the possibility of having their Yukon Housing Corporation rent payment reassessed. 

How to apply

  • Contact your community housing office to discuss your options:
    • email: ecdev@gov.yk.ca
    • phone: 867 456-3803
    • phone (toll-free): 1 800 661-0408 ext. 3803

Temporary freeze on evictions

 

What is it?

  • A new, time-limited regulation to the Residential Landlord and Tenant Act to ensure that tenants cannot be evicted if they are unable to pay their rent.

Who’s eligible?

  • Applies only to:
    • tenants who’ve lost their income owing to COVID-19, through job loss or reduced hours; and
    • tenants who must self-isolate because they, or someone in their household, must follow a health protection measure.

When is it in effect?

  • March 27 to June 23, 2020. The government can extend the regulation if needed.

How to apply

Paid sick leave rebate

What is it?

  • A measure that allows Yukon workers, including self-employed individuals, who are without sick leave to stay at home if they are sick and required to self-isolate for 14 days and still meet their basic financial needs.
  • A rebate of up to $378.13 per day that will cover a maximum of 10 days of wages per employee or 10 days of average daily earnings per self-employed individual.
  • Accessible only after all existing regular paid sick leave for the employee is used. Employers can access the program only once per employee.

Who’s eligible?

  • Employers and self-employed individuals who are without sick leave.
  • Employers who have an office with a physical address in Yukon, are subject to the Yukon Income Tax Act, are registered as per the Business Corporations Act or the Partnership and Business Name Act, where applicable, and have a valid municipal business licence, where applicable.

When is it in effect?

  • March 11 to September 11, 2020.

How to apply

  • Contact the rebate program in one of the following ways to get an application and start the process:
    • email: ecdev@gov.yk.ca
    • phone: 867 456-3803
    • phone (toll-free): 1 800 661-0408 ext. 3803

Relaxed Yukon Nominee Program rules for layoffs or reduced hours

What is it?

  • A rule change for Yukon nominees who experience layoffs or reduced work hours — they will not be issued the standard 90-day notice to find new employment.
  • A rule change for foreign nationals working through the Yukon Nominee Program — they will not have to meet the standard requirement of full-time work hours.

When is it effective?

  • This change will remain in effect for the duration of the public health emergency.

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If you have any questions about these measures, please contact your MD Advisor*. 

* MD Advisor refers to an MD Management Limited Financial Consultant or Investment Advisor (in Quebec), or an MD Private Investment Counsel Portfolio Manager.

Banking and credit products and services are offered by The Bank of Nova Scotia “Scotiabank.” Credit and lending products are subject to credit approval by Scotiabank.