COVID 19 Info Centre

Adapting to a new normal

To help everyone adapt to the new normal and assist with business continuity amid the COVID-19 pandemic, we’ve put together this page of resources, tips and links. We will do our best to keep this information up to date as the situation evolves.

If you have any comments, concerns or suggestions for additions to this page, please feel free to contact Jennifer Gauvreau, Manager, Marketing & Events at [email protected] 


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COVID-19 BUSINESS SUPPORT PROGRAMS

 

Ontario COVID-19 Business Support Grants

Ontario is helping businesses recover costs for personal protective equipment and providing extra support for businesses required to close or significantly restrict services as a result of provincial public health measures.

Your business can apply online for funding from one or more of the following initiatives:

  • Main Street Relief Grant for Personal Protective Equipment (PPE) providing up to $1,000 for PPE costs to eligible small businesses across Ontario with 2 to 19 employees.
  • Property Tax and Energy Cost Rebate Grants for businesses that were required to shut down or significantly restrict services due to provincial public health measures. This provincial application-based grant provides a rebate to eligible businesses in respect of property taxes and energy bills.
  • Ontario Tourism and Hospitality Small Business Support Grant will provide an estimated $100 million in one-time payments of $10,000 to $20,000 to eligible small businesses including hotels, motels, travel agencies, amusement and water parks, hunting and fishing camps, and recreational and vacation camps including children’s overnight summer camps. This program will be available soon.
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Canada Emergency Rent Subsidy

Canadian businesses, non-profit organizations, or charities who have seen a drop in revenue during the COVID-19 pandemic may be eligible for a subsidy to cover part of their commercial rent or property expenses, starting on September 27, 2020, until June 2021.

The Canada Emergency Rent Subsidy (CERS) will provide payments directly to qualifying renters and property owners, without requiring the participation of landlords.

If you are eligible for the base subsidy, you may also be eligible for lockdown support if your business location is significantly affected by a public health order for a week or more.

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Canada Emergency Wage Subsidy

As a Canadian employer who has seen a drop in revenue during the COVID-19 pandemic, you may be eligible for a subsidy to cover part of your employee wages. The Canada Emergency Wage Subsidy (CEWS) will enable you to re-hire workers, help prevent further job losses, and ease your business back into normal operations.

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Canada Emergency Business Account

The Canada Emergency Business Account (CEBA) is a $73 billion program providing interest-free loans of up to $60,000 to small businesses and not-for-profits. Repaying the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 33 percent (up to $20,000).

CEBA applicants who have received the $40,000 CEBA loan may apply the CEBA expansion, which provides eligible businesses with an additional $20,000 of financing.

CEBA is available from more than 220 financial institutions across the country.

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Highly Affected Sectors Credit Availability Program

The Highly Affected Sectors Credit Availability Program (HASCAP) will help those hardest hit businesses, including those in sectors like tourism, hospitality, hotels, arts and entertainment, with their day-to-day operating costs and enable them to invest in their longer-term prosperity by offering 100 percent government-guaranteed financing and providing low-interest loans of up to $1 million over extended terms.

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EDC Business Credit Availability Program

The EDC Business Credit Availability Program (BCAP) provides up to $6.25 million to help small and medium-sized businesses cover payroll and operating costs during a period where revenues have been temporarily reduced due to the COVID-19 pandemic.

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Canada Recovery Benefit

The Canada Recovery Benefit (CRB) gives income support to employed and self-employed individuals who are directly affected by COVID-19 and are not entitled to Employment Insurance (EI) benefits. The CRB is administered by the Canada Revenue Agency (CRA).

If you are eligible for the CRB, you can receive $1,000 ($900 after taxes withheld) for a 2-week period.

If your situation continues past 2 weeks, you will need to apply again. You may apply up to a total of 19 eligibility periods (38 weeks) between September 27, 2020 and September 25, 2021.

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COVID-19: Business support info and tech community resources

Financial Resources + Information:


call for Innovative solutions!

  • The Government will launch specific challenges through the Innovative Solutions Canada (ISC) program and will rapidly select the best projects to accelerate development and testing of promising innovations that can have a direct impact on our health care response. The Government of Canada will also use the new ISC Testing Stream to become the first customer of these innovative products.
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Last Updated November 2020