We are beginning to emerge from the COVID-19 pandemic. However, it continues to impact Saskatchewan, Canada and the world. SCA has assembled relief information, re-opening details and other resources on this page to assist co-ops and credit unions as they work to reduce the impact from this extreme situation.
- The Saskatchewan government has created a new annual general meeting factsheet for co-ops entitled "Co-operatives Fact Sheet: Pandemic". It highlights sections of The Co-operatives Act and The Co-operative Regulations that pertain to AGMs, including the recent amendments that allow co-ops to hold virtual AGMs if their bylaws permit it. Download the factsheet HERE.
We'll update this page as required. If you discover other links that would be beneficial to Saskatchewan co-ops and credit unions, email us and we'll include them here.
TABLE OF CONTENTS
Click on the title below (reviewed Feb 22, 2021)
- View the Province's multi-phase Re-open Saskatchewan Plan HERE.
- Here's what's NEW.
- Be sure to check your municipality's website for details that may affect your business.
- Here is the LINK to the very detailed page of information about the province’s support to businesses and workers (including co-operatives) as a result of the COVID-19 pandemic.
- The Re-Open Saskatchewan Training Subsidy (RSTS) Program is an employer-driven, short term training program that provides eligible employers with financial support to train employees. Applications must be received before March 31, 2021.
- The Strong Recovery Adaption Rebate (SRAR) reimburses eligible small businesses in Saskatchewan for one-time, incremental expenses they have incurred to adapt their business model to operating during the COVID-19 pandemic.
- The Saskatchewan Small Business Emergency Payment (SSBEP) provides a payment to small and medium-sized businesses directly affected by provincial public health orders related to COVID-19.
- Saskatchewan has amended the SK Employment Act to remove the requirement for a doctor’s note in order to access COVID-19 related leave. The province has also produced an FAQ on COVID-10 workplaces and leaves of absence.
- Federal and provincial support is available to help workers affected by COVID-19. Here are the DETAILS on support for workers, including job protected leave, moratoriums on student loan repayment, and training allowance and skill training benefit repayments.
- Saskatchewan Health System Pandemic Response updates are HERE.
- The Law Society of Saskatchewan has assembled helpful legal information and general guidance for employers, organizations, and individuals related to many different aspects of COVID-19, and the Re-Opening Plan. Access it through this LINK.
- The Chamber's WEBSITE includes COVID-19 resources for small businesses, Indigenous communities and farmers.
- The Canadian Federation of Independent Business has assembled comprehensive guidance and resources for SK businesses HERE.
- View/download Saskatchewan’s Co-operatives Act HERE.
- View/download a SUMMARY of the Co-operatives Act, 1996.
- View download the New Generation Co-operatives Act HERE.
- View/download Saskatchewan's Co-operative Regulations HERE.
- View/download the New Generation Co-operatives Regulations HERE.
- View other Publications Saskatchewan documents related to co-operatives HERE.
- HERE is a list of programs and services for businesses (including co-ops) and individuals as part of the federal government's COVID-19 Economic Response Plan. The page has nformation and links for programs including:
- Canada Recovery Benefit (CRB), Canada Recovery Sickness Benefit (CRSB), Canada Recovery Caregiver Benefit (CRCB).
- Canada Emergency Wage Subsidyand the Work-Sharing program
- More on RESOURCES for financial support, loans and access to credit for businesses during COVID-19..
- Get information about the Regional Relief and Recovery Fund and support for rural communities and businesses through WED.
- Here are COVID-19 related links to: BUSINESS DEVELOPMENT BANK OF CANADA, WESTERN ECONOMIC DIVERSIFICATION CANADA, FARM CREDIT CANADA and EXPORT DEVELOPMENT CANADA.
- Information on the Canada Small Business Financing Program is HERE with more resources for businesses HERE.
- Find the right federal programs and services for your new or existing business (including co-ops) HERE.
- Imagine Canada has prepared a summary of government programs and resources for non-profits and charities HERE
- Saskatchewan public health guidelines and general restrictions in place to help prevent the transmission of COVID-19 HERE.
- The Government of Canada's information about COVID-19-related health and vaccine information is found HERE.
- The federal government has prepared guidelines on “Risk-informed decision-making for mass gatherings during COVID-19 pandemic”. Available at this LINK.
Support for Youth and Students
- The federal government's youth employment strategy and programs are summarized HERE.
- More funding for the Futurepreneur program and COVID-19 information is HERE.
- Financial Aid, Canada Student Loans and Repayment updates.
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- Co-operatives and Mutuals Canada (CMC) has confirmed that co-operatives will be eligible for the same funding as other businesses through the federal government’s Economic Response Plan, if the co-op qualifies for the small business deduction or if it is a non-profit or a charitable organization. CMC has summarized the Response Plan through a co-operative lens HERE.
- Canada’s financial institutions have made a commitment to support businesses and individuals through these difficult times in a responsible, fair, and compassionate manner. We encourage you to contact your credit union BEFORE you begin to develop financial hardship as a result of the COVID-19 outbreak.
- Many Saskatchewan credit unions have posted information on their websites about their COVID-19 member benefit programs,changes to service levels and community support and outreach programs.
- CHF Canada has created a very comprehensive PAGE that provides housing co-ops with updates on CHF Canada services and events due to COVID-19 as well as info on what housing co-ops can do to keep members safe, while maintaining operations.
- The page also includes province-specific information for SASKATCHEWAN HOUSING CO-OPS.
- USA-based National Cooperative Business Association has created a resources page and a number of helpful videos HERE.
Canadian Credit Union Association (CCUA)
- Comprehensive COVID-19 information and links for credit unions, co-operatives and other businesses is HERE. The page includes a summar of and link to Saskatchewan government support measures.
HOW THE PANDEMIC AFFECTS YOUR AGM AND ANNUAL FILING
Saskatchewan’s Co-operatives Act requires that all co-operatives registered in Saskatchewan hold their annual meeting within six months after the end of their fiscal year.
First, review your Bylaws and Articles of Incorporation, specifically any sections that outline rules about running your AGM. Then, contact ISC and request an extension to your annual meeting deadline if required.
VIRTUAL AGMs ARE NOW PERMITTED. On May 13, 2020, changes were made to the Co-operative Regulations and the New Generation Co-operative Regulations. As of this date, and unless it is prohibited by the co-operative’s bylaws or articles of incorporation, an annual general meeting can be held, “... by means of a telephonic, electronic or other communications facility that permits all participants to communicate adequately with each other during the meeting.”
The government of Saskatchewan has prepared a factsheet and FAQs on AGMs and virtual AGMs. Download it HERE.
For other risk management actions that board members should be taking during the COVID-19 crisis, click HERE.
DISCLAIMER: The content on this web site is provided for general information purposes only and does not constitute legal, medical or other professional advice or an opinion of any kind. Visitors are advised to seek counsel as required. This web site contains links to other third-party web sites. Such links are only for the convenience of the user. SCA does not recommend or endorse the contents of the third-party sites.