Follow the Oakville
Chamber of Commerce

Contact us at 905.845.6613

700 Kerr Street Suite 200 Oakville, ON L6K 3W5

2021 Federal Budget

Read the media release. Below are highlights, pulled from the government’s release, that are important to our business community.

Support for Business:

  • Extension of the Canada Emergency Wage Subsidy (CEWS), Canada Emergency Rent Subsidy (CERS) and lockdown support to September 25, 2021.
    • Gradually decrease the rates for CEWS and CERS beginning July 4, 2021, in order to ensure an orderly phase-out of the programs as vaccinations are completed and the economy reopens.
  • Provide up to $80 million in 2021-22 for the Community Futures Network of Canada and regional development agencies to extend the application deadline for the Regional Relief and Recovery Fund until June 30, 2021.
Credit Card Transactions:
  1. Lower the average overall cost of interchange fees for merchants.
  2. Ensure that small businesses benefit from pricing that is similar to large businesses.
  3. Protect existing rewards points of consumers.
Barriers to Internal Trade:
Jobs and Growth:
  Learn more about support for Small Business.  

Support for Women in Business:

Learn more about support for Women.

Support for Innovation:

    Learn more about supports for Innovation.  
Click the links below to learn more about these Budget sections: Support for Job Creation Support for Low-wage Workers Support for Tourism, Arts & Culture
  Read the Canadian Chamber of Commerce’s Budget Review.