Last updated August 8, 2021
Federal Government extends COVID-19 Benefits and Business Supports
- Extending the eligibility period for the Canada Emergency Wage Subsidy, the Canada Emergency Rent Subsidy and Lockdown Support until October 23, 2021, and increasing the rate of support employers and organizations can receive during the period between August 29 and September 25, 2021.
- Extending the Canada Recovery Benefit (CRB), the Canada Recovery Caregiving Benefit (CRCB), and the Canada Recovery Sickness Benefit (CRSB) until October 23, 2021.
In addition to the recently announced Tourism Relief Fund program, here is a list of federal funding programs currently available.
Canadian Emergency Rent Subsidy (CERS): Subsidy to cover a portion of eligible expenses until September 25, 2021. Also includes an additional Lockdown Support of 25% if your business was significantly affected by a public health order. Hotline: 1-800-959-5525
Highly Affected Sectors Credit Availability Program (HASCAP): Aimed at sectors like tourism and hospitality, hotels, arts and entertainment, and will offer 100% government-guaranteed financing and provide low-interest loans up to $1 million for up to ten years.
Canada Emergency Wage Subsidy (CEWS): Covers part of your employee wages retroactively back to December 20, 2020 until September 25, 2021. The maximum subsidy is 75%. Hotline: 1-800-959-5525
Canada Recovery Hiring Program (CRHP): The new Canada Recovery Hiring Program (CRHP) is designed to encourage businesses to grow as the economy recovers, whether it’s due to hiring and re-hiring staff, increasing shifts, or increasing overall pay.
Note: Your business can only claim the CEWS OR CRHP - here is a comparison between the two programs
Canada Recovery Benefit (CRB): $400 per week for 13 two-week periods between September 27, 2020, and September 25, 2021 for self-employed workers and those in the gig economy. Applications are handled through the Canada Revenue Agency. Hotline: 1-833-966-2099
Indigenous Programs: First Peoples' Cultural Council Arts Program. Grants ranging from $3,000 to $20,000 for Indigenous B.C. residents open for the Spring 2021 intake.
Applications Open: Canada Recovery Hiring Program
Applications are now open for the Canada Recovery Hiring Program. As a Canadian employer who continues to be impacted by the COVID-19 pandemic, you may be eligible to apply for one of the two subsidies to cover part of your employee wages. The Canada Recovery Hiring Program (CRHP) and the Canada Emergency Wage Subsidy (CEWS) support wages you pay through different phases of your economic recovery. Each claim period, eligible employers can claim either CRHP or CEWS, whichever is higher. READ MORE
Federal Government Announces new Tourism Relief Fund
- A key supplier or operator in the visitor experience
- Part of a defined tourism cluster or tourism-dependent community
- An anchor product or service in a destination
Feds Extend Canada Emergency Business Account Applications
Federal Gov't Announces Wage & Rent Subsidy Amounts to Remain Same til June
$500M in Additional RRRF for Small Businesses
Canada United Reopens with Grants of Up To $5,000 Available
New Pre-Departure COVID-19 Testing Requirements Come into Effect
Upcoming Measures to Create Healthier, Safer & Fairer Work Environments
UPDATE: Canada Emergency Wage Subsidy (CEWS) Sees Changes
Recently, details of the next CEWS claim periods were finalized with the following changes a) the maximum top-up subsidy rate is 35%, and b) the maximum subsidy amount for employees on leave with pay is $595. LEARN MORE
Federal Economic Response Plan
Visit the federal government’s COVID-19 Economic Response Plan website for information about supporting your employees and your business.
PPE Supply Hub
Check out the new PPE Supply Hub – Canadian businesses in need of personal protective equipment, and businesses looking to sell these supplies can go to this hub to connect.
Free Online Course from the Canadian Centre for Occupational Health & Safety
Canadian Centre for Occupational Health and Safety – for a free online course to provide businesses with all the information they need to reopen safely.
UPDATE: Canada Updates Emergency Rent Subsidy Program
The federal government has revamped and update the commercial rent subsidy program and the CERS is now open to receive applications from qualifying organizations. Organizations can now apply directly for the subsidy for the period from September 27 to October 24, 2020 through the Canada Revenue Agency (CRA) either through your My Business Account or through a Represent a Client portal. Applications for the second CERS period (October 25 to November 21, 2020) will open on November 30. LEARN MORE
Government Brings Forward Bill C-9; New Rent Program & Wage Subsidy Improvements
The federal government has tabled Bill C-9, which includes the new and improved commercial rent program and updates to the wage subsidy program. These measures are designed to help businesses get through the second wave of the virus so they can protect jobs, continue to serve their communities, and be positioned for a strong recovery. LEARN MORE
New Measures Available to Help Canadian Small Businesses Access Global Markets
The Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade has announced new actions to help Canadian businesses grow while navigating the challenges of the COVID-19 pandemic in the global marketplace through the CanExport SME program. Originally launched in 2016, the program is pivoting to help small businesses build a sustainable and resilient recovery. LEARN MORE.
POST Promise to Prevent the Spread of COVID-19
Make the POST Promise to show employees and customers that you take COVID-19 prevention seriously by practicing key health and safety steps and maintain a safe workplace.
October 26, the Federal Government announced that the Canada Emergency Business Account (CEBA) will be available to businesses that have been operating out of a non-business banking account. To be eligible, businesses must have been operating as a business as of March 1, 2020, must successfully open a business account at a Canadian financial institution that is participating in CEBA, and meet the other existing CEBA eligibility criteria. The deadline to apply for CEBA is December 31, 2020. LEARN MORE.
October 26, applications became available again for grants under the Canada United Small Business Relief Fund. Created and launched by RBC, Canada United is a national movement to support local businesses in communities across the country. The $5,000 grant can be used towards purchases that are eligible for reimbursement under the program, such as: Purchase of Personal Protective Equipment (PPE), Renovation of space to adhere to re-opening guidelines, Enhancement of website / developing e-commerce capabilities. LEARN MORE.
Government of Canada Launches Recovery Benefit Applications
The Government of Canada introduced three new benefits, delivered by the Canada Revenue Agency (CRA): the Canada Recovery Benefit (CRB), the Canada Recovery Sickness Benefit (CRSB), and the Canada Recovery Caregiving Benefit (CRCB). The application process is now open for the CRSB and the CRCB and CRB.
Government Of Canada Expands Regional Relief & Recovery Fund
October 2, the Honourable Mélanie Joly, Minister of Economic Development and Official Languages, announced an additional $263.7 million for Western Economic Diversification Canada (WD) to help businesses across the West through the Regional Relief and Recovery Fund (RRRF). This flows from $600 million in new national RRRF funding announced by the Prime Minister last week. Of these additional funds, $67 million will be used by Community Futures (CF) organizations to support businesses in rural communities across the West. Learn More.
Safe Restart Agreement Announced
The Safe Restart Agreement (SRA) is a federal investment of more than $19 billion to help provinces and territories safely restart their economies and make our country more resilient to possible future surges in cases of COVID-19. Learn More.
Canadian Mortgage & Housing Corporation: Canada Emergency Commercial Rent Assistance (CECRA)
Canada Emergency Commercial Rent Assistance (CECRA) for small businesses provides much needed relief for small businesses experiencing financial hardship due to COVID-19. Effective September 8, the CECRA will be extended by one month to help eligible small businesses pay rent for September. This will be the final extension of this program as the government explores options to support small businesses as they face the ongoing challenges of the COVID-19 pandemic. Learn More HERE.
CERB Extended, Simplified Employment Insurance Program Announced
The Government of Canada has announced that the transition to a simplified Employment Insurance (EI) program, which will become effective September 27, 2020. This program aims to provide income support to those who remain unable to work and are eligible. While the Government prepares for this transition the CERB will be extended by an additional four weeks, providing a new maximum of up to 28 weeks of benefits. Learn More HERE.
Federal Government Expands Canada Emergency Business Account (CEBA) Eligibility Criteria
On Friday June 26, new applications will be accepted so that more small businesses can access the Canada Emergency Business Account (CEBA). Owner-operated small businesses that had been ineligible for the program due to their lack of payroll, sole proprietors receiving business income directly, as well as family-owned corporations remunerating in the form of dividends rather than payroll will become eligible this week. The expanded CEBA is being made available gradually by more than 230 financial institutions across the country, starting with the larger banks. Other participating financial institutions will start offering the program over the coming weeks. Learn More & Apply Here.
Government Announces Targeted Support for Black Entrepreneurs & Business Owners
Mid September, the government announced up to nearly $221 million in support for Black entrepreneurs and business owners, in partnership with Canadian financial institutions. One of the goals is to launch Canada’s first-ever Black Entrepreneurship Program. We, along with the Canadian Chamber and our fellow Chambers, applaud the announcement as it aligns with our core values, as well as our views on the importance of an inclusive recovery that leaves no opportunity for growth left un-pursued. Learn More HERE.
Regional Relief & Recovery Fund Announced by Western Economic Diversification Canada
The Honourable Mélanie Joly, Minister of Economic Development and Official Languages, announced that businesses in western Canada that are unable to access other existing measures can now apply for the new Regional Relief and Recovery Fund through Western Economic Diversification Canada. A total of $304 million will be available for western Canadian businesses with Community Futures charged with managing the process. For more information visit their website HERE.
Federal Government Announces Support for Female Entrepreneurs
The Government of Canada will provide $15 million in additional funding to support female entrepreneurs through the Women Entrepreneurship Strategy (WES). These funds will go directly to select organizations that are currently WES Ecosystem Fund recipients, and will help women entrepreneurs through the COVID-19 pandemic. For more information on the eligibility criteria, and to learn more visit their website HERE.
Federal Government Announces $500 Million for Cultural, Heritage & Sport Organizations
May 8th, 2020, the Government of Canada announced $500 million in temporary relief measures to support the culture, heritage and sport sectors as they manage the challenges and impacts of the COVID-19 pandemic, and plan for the future. A total of up to $500 million has been set aside to help alleviate the financial pressures of affected organizations. Learn More HERE.
Federal Government Announces Support for Agriculture Sector
May 5th, 2020, the Government of Canada announced $252 million to support farmers, food business and food processors that provide essential services to Canadians every day by ensuring a safe and reliable food supply. It was announced that the government intends to propose an additional $200 million in borrowing capacity for the sector. Learn More HERE.
Government of Canada – COVID-19 Resources for Business:
The Government of Canada is taking immediate, significant and decisive action to support Canadians and businesses facing hardship as a result of the global COVID-19 outbreak. For more information regarding accessing federal financial support, as well as resources regarding the Canada Emergency Wage Subsidy program, visit their website HERE.
Canadian Business Resiliency Network - Federal Support for Small and Medium Sized Enterprises
Learn more about the programs available to you from the federal government as a small or medium sized business. Mary Jo Fedy, National Enterprise Leader, KPMG in Canada, has shared with us her insights on COVID-19 in order to help Canadian businesses persevere and remain resilient throughout the COVID-19 crisis. Learn More HERE.