Last updated November 30, 2021

• Extend the Canada Recovery Hiring Program until May 7, 2022, for eligible employers with current revenue losses above 10% and increase the subsidy rate to 50%.
• Deliver targeted support to businesses still facing significant pandemic-related challenges.

Government of Canada Announces Adjustments to Canada’s Border Measures

Effective November 30, fully vaccinated individuals with right of entry to Canada who depart and re-enter the country within 72 hours of leaving Canada will not have to present a pre-entry molecular test. This exemption is only for trips originating in Canada taken by fully vaccinated Canadian citizens, permanent residents or individuals registered under the Indian Act, who depart and re-enter by land or by air. Also effective November 30 Canada will expand the list of COVID-19 vaccines that travelers can receive to be considered fully vaccinated for the purpose of travel to Canada.

Federal Government Announces Targeted COVID-19 Support Measures

• Extend the Canada Recovery Hiring Program until May 7, 2022, for eligible employers with current revenue losses above 10 per cent and increase the subsidy rate to 50 per cent.
• Deliver targeted support to businesses that are still facing significant pandemic-related challenges. Support would be available through two streams:
• Tourism and Hospitality Recovery Program, which would provide support through the wage and rent subsidy programs, to hotels, tour operators, travel agencies, and restaurants, with a subsidy rate of up to 75 per cent.
• Hardest-Hit Business Recovery Program, which would provide support through the wage and rent subsidy

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.

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.