Government Releases Details on Support Programs for Fish Harvesters
August 5, 2020
August 5, 2020
The federal government has just released details on the Fish Harvester Benefit and Fish Harvester Grant Programs that were announced back in May. The application portal for these programs will be available online on August 24.
The Benefit will cover income losses beyond a 25% threshold for the 2020 tax year when compared to 2018 or 2019. The maximum benefit is $10,164.
The Grant program a non-repayable grant to self-employed fish harvesters with a valid commercial fishing licence in 2020 and non-deferrable business costs of up to $40,000. The grant program provides non repayable support of up to $10,000, dependent on the level of the fish harvesters’ historic fishing revenue in 2018 or 2019. A lesser grant amount may be provided on a sliding scale relative to revenue or actual expenses.
Enterprise owners should be eligible to apply for both the Grant and the Benefit if they did not avail of the CEBA loan or wage subsidy programs.
Crew members can avail of the Benefit program IF they are a shareperson, not a waged crew member.
All of the eligibility information is available at the following link:
http://www.dfo-mpo.gc.ca/fisheries-peches/initiatives/fhgbp-ppsp/index-eng.html#_Overview
No information was provided today on Employment Insurance but we expect an update from the federal government soon.