Economic Relief

Last modified: 
Fri, 05/22/2020 - 17:08

The GNWT has actioned a number of economic relief initiatives, aimed at different sectors, in response to COVID-19:

Land Lease Rent Relief

Rent relief is available to all holders of existing commercial and mining surface dispositions on public land. Surface dispositions are usually leases, but there are a small number of other types of dispositions such as easements or licences of occupation, that are also eligible for relief. The rent relief applies to all dispositions in effect between April 1, 2020 and March 31, 2021, so that all affected parties receive the benefit, regardless of when in the year their disposition renews. The rent relief does not apply to new applications in force after April 1, 2020. If you have already paid rent that was due during this period and your account is in good standing, your payment will automatically be refunded. For more information, visit the Land Lease Fee's page.

Recycling Depot Funding

Financial support is available for recycling depot operators to help offset costs directly associated with loss of income due to the closure.

Federal Relief Funding

The Federal Government has also created a number of economic relief options for Canadian businesses.

Click here for the plain-language, up-to-date list of resources available from the Federal Government as well as numerous other helpful materials. 

Both the Yellowknife Chamber of Commerce and the NWT Chamber of Commerce have developed listings of the federal and territorial resources that are available to NWT businesses.