FIC Partners and Sponsors
Fit News
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Government Announces Expansion of the Canada Emergency Business Account
May 19, 2020
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Today, Prime Minister Trudeau announced that the federal government will expand the eligibility criteria for the Canada Emergency Business Account (CEBA) to include more small businesses.
The program will now be available to the following businesses: sole proprietors receiving income directly from their businesses, businesses that rely on contractors, and family-owned corporations that pay employees through dividends rather than payroll. This has the potential to help many more fitness businesses.
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Considerations for Reopening the Fitness Industry
May 11, 2020
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FIC has been in touch with many global fitness associations about strategies for reopening. We need to keep in mind that a big concern for the global industry is the hit of a second wave and clubs having to close all over again. That being said, we have been learning from Asian and European clubs and have made note of guidelines and strict measures for when clubs do reopen:
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Statement from Fitness Industry Council of Canada re: CECRA Program
April 27, 2020
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Fitness Industry Council of Canada (FIC) appreciates the Prime Minister’s announcement on April 24, 2020, regarding the Canada Emergency Commercial Rent Assistance Program. The federal government has reached an agreement with all provinces to lower rents for small and medium-sized businesses with rent less than $50,000/month, by 75% for the months of April, May, and June. For the fitness industry, this covers single clubs and studios but does not address the need for a solution for regional and national organizations who have rent more than $50,000 per month.
