SIGNALS
… The Behind the Scenes Mental Health Initiative wants language about mental health and respectful workplaces to become a part of every toolbox talk or safety briefing because psychological safety is as important as physical safety . As such , Behind the Scenes has collaborated with other concerned organizations and individuals to create the Mental Health and Suicide Prevention Initiative . To learn more , go to www . btshelp . org / mentalhealth .
… KRK has launched the KRK Kreator Alliance , which is comprised of influential artists , engineers , and producers who , it says , will help shape the company ’ s future by discussing industry trends , equipment , product launches , brand initiatives , and more . The alliance launches with an influential group of artists and producers , including AB Quintanilla , Camilo Lara , Dave Pensado , Herb Trawick , Steve Marcantonio , Tina Guo , Ali Stone , Jblack , Chingy , J . King , Mosty , Javier Garza , Cut Chemist , Maria Elisa Ayerbe , GianMarco Zignago , Sick Individuals , and Dave Way . For more information , go to www . krkmusic . com . KRK is distributed in Canada by Yorkville Sound .
HON . CHRYSTIA FREELAND PRESENTING THE ECONOMIC UPDATE
Feds ’ Economic Update Lays Out New Supports for Arts Sector , Parents & Businesses
On Nov . 30 th , Deputy Prime Minister and Finance Minister Chrystia Freeland delivered the federal government ’ s fall economic update , which is formally titled Supporting Canadians and Fighting COVID-19 : Fall Economic Statement 2020 . The update does not provide dollarfor-dollar detail about the government ’ s economic plans , but rather provides a broad fiscal overview of the government ’ s priorities and general plans for additional supports to get people and businesses through the current economic crisis .
Included in the latest economic statement are a number of items that should help individuals and small businesses in the Canadian music and entertainment industry . Before any of the new promises are made reality , it ’ ll require the House of Commons to pass new legislation .
To help businesses weather the second wave of COVID-19 , the government will increase the maximum rate of the Canada Emergency Wage Subsidy to 75 % for the period beginning December 20 , 2020 and extending this rate until March 13 , 2021 , and extending the current rates of the Canada Emergency Rent Subsidy and Lockdown Support until March 13 , 2021 . Both programs will be in place for businesses until June 2021 .
Also , the Canada Revenue Agency will allow people working from home “ with modest expenses ” to claim up to $ 400 as a tax deduction without having to provide a detailed account of their expenses .
Freeland also announced the planned creation of the Highly Affected Sectors Credit Availability Program , which will support businesses in tourism and hotels , arts and culture , and the air sector . It will offer eligible businesses low-interest loans of up to $ 1 million with a 10-year term . The federal government will guarantee the money lent by banks or other financial institutions .
To help parents of young children , there will be temporary support of up to $ 1,200 in 2021 for each child under the age of six . This will be split into four staggered payments of $ 300 .
The following week , on Dec . 4th , Freeland announced the expansion of the Canadian Emergency Business Account ( CEBA ), which aids small businesses and non-profits . Eligible businesses facing financial hardship as a result of the COVID-19 pandemic are now able to access a second CEBA loan of up to $ 20,000 . That is on top of the initial $ 40,000 that was available to small businesses .
For more information , go to www . canada . ca .
16 PROFESSIONAL SOUND