Norton Rose Fulbright is a global law firm providing the world’s preeminent corporations and financial institutions with a full business law service. The firm has more than 4,000 lawyers and other legal staff based in Europe, the United States, Canada, Latin America, Asia, Australia, Africa and the Middle East.
A detailed table outlining the various programs available in Newfoundland and Labrador are listed below. If you would like to discuss your eligibility for any of these programs, ...
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A detailed table outlining the various programs available in
Newfoundland and Labrador are listed below. If you would like to
discuss your eligibility for any of these programs, please do not
hesitate to contact a member of our team.
Atlantic Canada Opportunities Agency (ACOA)'s Atlantic
Innovation Fund
Description
Eligibility
Application details
The AIF helps Atlantic Canadians
develop and bring to market new products and services that lead to
market success, help grow strategic sectors, or lead to the
creation of research and commercialization partnerships. To find
out more, including who can apply and how much assistance is
available, please see our Frequently Asked Questions or contact ACOA
To be eligible, you are a business,
co-operative, university, college, or research institution looking
to: develop and bring to market new products and services that meet
market demands and global quality standards; adapt new technology
to meet business needs or respond to market opportunities; or help
Atlantic Canada's new and traditional sectors pursue
opportunities, solve challenges, stay competitive and grow
To submit an application for
financial assistance, click
here
Propel Accelerator
Description
Eligibility
Application details
Propel is an accelator program
devoted exclusively to Atlantic Canada. Propel works with
technology companies that have potential to scale quickly.
The program offers mentorship and may
assist with early stage funding by connecting companies to
investors.
There are no up-front costs to
join
The program is flexible and accepts a
wide range of early stage technology companies, whether led by solo
founders or larger teams, and at various stages of their
growth
Applications are accepted on a rolling basis.
Submit your application here
Tax Return Filing Deadline Deferrals
Description
Eligibility
Application details
International Fuel Tax Agreement
returns for Q1 2020 due on April 30, 2020 from inter-jurisdictional
carriers, under section 8 of the Revenue Administration
Regulations, are now due and payable on June 1, 2020
All other tax returns falling under
the purview of the Revenue Administration Act and
Regulations, which would otherwise be due March 20, 2020
to May 31, 2020, are now due June 23, 2020. The tax returns
applicable to this extension include: Gasoline Tax, Carbon Tax,
Health and Post-Secondary Education Tax, Insurance Companies Tax,
Mining and Mineral Rights Tax, Tax on Insurance Premiums and
Tobacco Tax
Businesses based in Newfoundland and
Labrador may be eligible
N/A
Deferred Loan Payments
Description
Eligibility
Application details
The
Department of Tourism, Culture, Industry and Innovation (TCII) has
implemented a three month deferral of loan payments for all clients
with business loans under the Innovation and Business Investment
Corporation's Business Investment Fund. Payments scheduled to
be processed in April, May and June of 2020 will be
deferred
Organizations will not be required to
reimburse TCII for funding for programming that was cancelled or
delayed due to COVID-19
Worker
safety training certificates that expired since February 28, 2020
have been extended to June 30, 2020, with workers having to
recertify by August 30, 2020
Businesses based in Newfoundland and
Labrador may be eligible
N/A
WorkplaceNL
Description
Eligibility
Application details
Deferring
the collection of employer assessment payments and waiving interest
charges or penalties until June 30, 2020
Employers based in Newfoundland and
Labrador may be eligible
Norton Rose Fulbright is a global law firm. We provide the
world's preeminent corporations and financial institutions with
a full business law service. We have 3800 lawyers and other legal
staff based in more than 50 cities across Europe, the United
States, Canada, Latin America, Asia, Australia, Africa, the Middle
East and Central Asia.
Recognized for our industry focus, we are strong across all the
key industry sectors: financial institutions; energy;
infrastructure, mining and commodities; transport; technology and
innovation; and life sciences and healthcare.
Wherever we are, we operate in accordance with our global
business principles of quality, unity and integrity. We aim to
provide the highest possible standard of legal service in each of
our offices and to maintain that level of quality at every point of
contact.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
Newfoundland And Labrador Programs | COVID-19: Funding And Financial Relief Programs For Startups And Small Businesses
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Contributor
Norton Rose Fulbright is a global law firm providing the world’s preeminent corporations and financial institutions with a full business law service. The firm has more than 4,000 lawyers and other legal staff based in Europe, the United States, Canada, Latin America, Asia, Australia, Africa and the Middle East.
