The federal and provincial governments have announced financial aid to help support businesses and individuals who have been impacted by COVID-19.

Some of the federal financial assistance available to businesses include:

  • Canada Emergency Wage Subsidy (CEWS) provides up to a 75% wage subsidy to eligible employers for up to 12 weeks. For more detailed  information, visit here.
  • Business Credit Availability Program (BCAP) which offers access to capital to eligible businesses through the Business Development Bank of Canada (BDC) and Export Development Canada (EDC).
  • Canada Emergency Business Account which provides loans of up to $40,000 to eligible small businesses and not-for-profit organizations
  • Canada Emergency Commercial Rent Assistance (CECRA) for small businesses which intends to provide loans and/or forgivable loans to commercial property owners who have had to lower or forgo the rent from small businesses.
  • Deferral of income tax payment for businesses

For more up to date information and a list of all financial assistance available, visit the federal government website.

In addition to federal government support available, below are some helpful links on information and assistance available by province.

Note: Information posted is at time of publishing and may be subject to change.