Toronto, June 1, 2020 - We commend Minister McNaughton for making this change to help small businesses get to the other side of COVID-19. Small business owners have been telling us they need help staying connected to their employees and protection from potentially large payouts at a time when they can least afford them.
Most of Ontario’s small businesses were shut down by government order to help stop the spread of COVID-19, forcing employers to make the difficult decision to temporarily lay off employees. Many of these businesses are still considered non-essential and remain shut down. Others are only just beginning the process of reopening and might not be fully operational for a few more weeks.
The 13-week clock and the significant termination costs it brings have been weighing heavily on small employers struggling to keep their heads above water with starved revenues and bills continuing to pile up.
The new regulation will help businesses stay afloat and keep their employees as we move further into economic recovery.
-Julie Kwiecinski, Director of Provincial Affairs, Ontario
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The Canadian Federation of Independent Business (CFIB) is Canada’s largest association of small- and medium-sized businesses with 110,000 members across every industry and region, including 42,000 in Ontario. CFIB is dedicated to increasing business owners’ chances of success by driving policy change at all levels of government, providing expert advice and tools, and negotiating exclusive savings. Learn more at cfib.ca.