Amount:
No Fixed Amount
Type of Program:
Grants
Description:
The Emergency Income Relief Fund is a temporary support for self-employed Prince Edward Island residents who do not qualify for the Canada Worker Lockdown Benefit and have substantially lost income (50% minimum) as a result of the Temporary COVID-19 Measures announced on December 17, 2021. Self-employed individuals may apply for reimbursement for each of the following periods:
Comments on Funding:
Applicants will be reimbursed 100% of their loss in revenue, but in no event shall it exceed the maximum reimbursement of $300 per week. Losses will be calculated by comparing the applicant's income during the reporting periods, with the applicant's highest weekly income from the preceding four weeks prior to December 18, 2021.
When It Ends:
Ongoing
Deadline:
February 28, 2022
Eligibility:
An eligible self-employed individual must:
Application Steps:
The applicant can submit his application form and the required documentation to Innovation PEI via online web form or can mail or fax a hard copy.
Documentation Needed:
The applicant must submit:
- 1business banking information, including a copy of a VOID cheque,
- 2most recent Statement of Business or Professional Activities (T2125, if a sole proprietorship or partnership, or Schedule 125, if a corporation) found in the personal tax return or most recent HST form,
- 3a completed application form.
Other Things to Note:
An individual can apply for one business only, regardless of the number of businesses owned.
Program Contact:
Leave a Reply