COVID-19: Supports for Canadian Businesses - BDC
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COVID-19: Supports for Canadian Businesses As the COVID-19 outbreak unfolds, we know these are challenging times for you and your business. BDC stands ready to support entrepreneurs like you through to a more stable period. This compilation of federal and provincial government support measures for business focusses on: 1 Access to capital and other liquidity support measures 2 Measures to avoid or minimize the impact from layoffs 3 Provincial / Territorial Measures 4 Resources and Additional Information BDC has also made available free tools and tips that can help you map out your next steps, identify new opportunities, mitigate risk and create resilience in your company, so you can emerge strong in recovery. This information is up to date as of May 22, 2020 and will be updated weekly. The programs and services described in this document may change at any time and without notice. For the most up to date information on these support measures, please regularly consult the referenced links as well as the additional web resources at the end of this document. BDC | COVID-19: Supports for Canadian Businesses 1
1 Access to Capital and Other Liquidity Support Measures
Where to Apply /
Program Description Who is Eligible
Get Up to Date Information
Access to Capital
Small businesses with a
2019 payroll of between
$20,000 to $1.5 million.
Small businesses with less
Contact your primary financial institution to
than $20,000 in payroll
Provides up to $25B to eligible financial institutions so they apply. For more information:
may also be eligible if
can provide interest-free loans to small businesses of up
they have a business https://www.canada.ca/en/department-
to $40,000. These loans—guaranteed and funded by the
Canada Emergency bank account with a finance/news/2020/03/additional-
Government of Canada—will ensure that small businesses have
Business Account access to the capital they need to cover their operating costs,
participating financial support-for-canadian-businesses-from-
institution, a CRA number, the-economic-impact-of-covid-19.
at a 0% interest rate. If the loan is completely paid off by
have filed a business tax html#_New_Loan_Programs
Dec. 31, 2022, a quarter of the loan will be forgiven.
return in 2018 or 2019
https://ceba-cuec.ca/
and have eligible non-
deferrable expenses
between $40,000 and
$1.5 million.
BDC partners with financial institutions to co-lend term loans to Contact your primary financial institution.
businesses for their operational cash flow requirements. Eligible
BDC Co-Lending All legal small and For more information: https://www.bdc.ca/
businesses may obtain differing maximum finance amounts, up
Program to $12.5 million, 80% of which would be provided by BDC, with
medium-sized enterprises en/pages/special-support.aspx?special-
the remaining 20% provided by your primary financial institution. initiative=covid19
The EDC BCAP Guarantee is a new partnership between EDC Talk to your financial institution account
and approved financial institutions across Canada. EDC is actively manager for more information on whether
EDC Business working with financial institution partners to make this available All Canadian companies, the EDC BCAP Guarantee is a good fit for
Credit Availability to businesses as quickly as possible. This Guarantee is for new including non-exporting your cash flow needs.
Program (BCAP) operating lines of credit or new term loans to support cash flow businesses that sell
Guarantee needs during the pandemic. EDC will guarantee 80% on the money domestically. For more information: https://www.edc.
you borrow, up to a total loan of $6.25 million. EDC fees related to ca/en/solutions/working-capital/bcap-
the guarantee will be deferred for the first six months. guarantee.html
Junior loans ranging between $12.5 million and $60 million for
The implementation strategy will be
medium-sized businesses particularly impacted by the COVID-19
finalized shortly. Please complete the form
BDC Mid-Market pandemic, co-managed by BDC and their primary financial Businesses of varying
at the following link to get an update once
Financing Program institution, to cover operational liquidity needs and business sizes.
more information is available: https://www.
continuity. The Bank anticipates that qualifying companies will
bdc.ca/en/pages/mid-market-form.aspx
have annual revenues in excess of approximately $100 million.
Working capital loans of up to $2M with flexible repayment https://www.bdc.ca/en/financing/
BDC Working terms such as principal postponements for qualifying
Businesses of varying
business-loans/working-capital-financing/
Capital Loan sizes
businesses and reduced rates on new eligible loans. pages/working-capital-loan.aspx
BDC | COVID-19: Supports for Canadian Businesses 21 Access to Capital and Other Liquidity Support Measures (cont.)
Where to Apply /
Program Description Who is Eligible
Get Up to Date Information
Deployment strategy will be finalized
Between $15 million and $60 million for Canadian-based oil Viable Canadian-based oil
shortly. Please complete the form at the
BDC Oil and Gas and gas producers, oilfield service companies and midstream and gas producers, oilfield
following link to get an update once more
Sector Financing providers; to be used for operational cashflow and business service companies and
information is available: https://www.bdc.
continuity purposes. midstream providers
ca/en/pages/special-support-form.aspx
Additional $5 billion in lending capacity, offering increased
flexibility to farmers and food producers who face cash flow
Farm Credit
issues and to processors who are impacted by lost sales. Farm
Canada Increased
Credit Canada has also put in place a deferral of principal and Food producers,
Credit Available FCC Term Loans : https://www.fcc-fac.ca/
interest payments up to 6 months or a deferral of principal agribusinesses, and food
for Agriculture, payments up to 12 months for existing loans as well as access processors
en/covid-19/program-details.html
Fisheries and to an additional credit line of up to $500,000, secured by
Aquaculture general security agreements or universal movable hypothec
(Québec only)
Term loans of up to $2.5M, with no fees and an 18-month https://www.fcc-fac.ca/en/covid-19/
Food producers,
Farm Credit interest-only option available over a 10-year amortization. program-details.html Contact your local
agribusinesses, and food
Canada Term Loans These funds can be used for working capital and to modify
processors
FCC office or the Customer Service Centre
production due to the impacts of COVID-19. at 1-888-332-3301
EDC will increase its financial capacity over 12 months to
EDC: Increasing
support Canada’s oil and gas sector. This business support
financial capacity
will be provided through EDC’s lending, bonding and accounts Firms in Canada’s oil and https://www.edc.ca/en/about-us/
to support
receivable insurance products. For those wishing to access gas sector newsroom/covid-19-oil-gas-support.html
Canadian oil and
support, they are encouraged to reach out to their financial
gas companies
institution.
The Government of Canada is providing $306.8 million to https://pm.gc.ca/en/news/news-
Support for Aboriginal Financial Institutions to provide interest-free releases/2020/04/18/prime-minister-
Indigenous-owned
Indigenous loans and non-repayable contributions to help small and
businesses announces-support-indigenous-businesses
Businesses medium-sized Indigenous businesses unable to access the
government’s existing COVID-19 support measures https://nacca.ca/covid-19/
https://www.futurpreneur.ca/en/press-
The Government of Canada is injecting $20.1 million through
Futurpreneur media/statement-futurpreneur-applauds-the-
Futurpreneur Canada to support ongoing lending to young Entrepreneurs aged 18-39
Canada government-of-canadas-support-of-young-
entrepreneurs.
business-owners-impacted-by-covid-19/
BDC | COVID-19: Supports for Canadian Businesses 31 Access to Capital and Other Liquidity Support Measures (cont.)
Where to Apply /
Program Description Who is Eligible
Get Up to Date Information
Businesses that are Contact your local Regional Development
unable to access Agency or Community Futures
other federal support Development Corporation.
This program will provide up to $962M through the various
Regional Relief and measures. Specific
Regional Development Agencies and Community Futures For more information: https://www.
eligibility criteria are
Recovery Fund Development Corporations in the form of repayable,
established by the local canada.ca/en/innovation-science-
(RRRF) conditionally repayable and non-repayable contributions of economic-development/news/2020/05/
Regional Development
varying sizes. covid-19-962-million-additional-support-
Agencies and Community
Futures Development fund-now-available-to-businesses-and-
Corporations. communities-affected-by-the-pandemic.html
Large Canadian
employers who (a) have
a significant impact on
Canada’s economy, as
demonstrated by (i) having
significant operations in
Canada or (ii) supporting
a significant workforce
in Canada; (b) can
generally demonstrate
LEEFF is a program instituted by the Government of Canada to
approximately $300
provide short-term liquidity assistance in the form of interest-
Large Employer million or more in annual
bearing term loans to large Canadian employers who have
revenues; and (c) require
Emergency been affected by the COVID-19 outbreak. The intent of LEEFF
a minimum loan size of https://www.cdev.gc.ca/leeff-factsheet/
Financing Facility is to provide bridge financing to large Canadian employers
$60 million. Large for-
(LEEFF) to help these enterprises to preserve their employment,
profit enterprises in all
operations and investment activities until they can access
sectors, except for those
more traditional market financing.
in the financial sector, can
apply for funding under
LEEFF. Certain not-for-
profit enterprises, such
as airports, could also
be eligible. Companies
that have been found
guilty of tax evasion are
not eligible under the
program.
BDC | COVID-19: Supports for Canadian Businesses 41 Access to Capital and Other Liquidity Support Measures (cont.)
Where to Apply /
Program Description Who is Eligible
Get Up to Date Information
Other Liquidity Support Measures
This program will provide forgivable loans to qualifying
commercial property owners to cover 50 per cent of three Mortgaged commercial
monthly rent payments that are payable by eligible small property owners their
business tenants who are experiencing financial hardship during small business, non-profit
Canada Emergency
April, May, and June. The loans will be forgiven if the mortgaged and charity tenants paying https://www.cmhc-schl.gc.ca/en/finance-
Commercial Rent
property owner agrees to reduce the eligible small business less than $50,000 per and-investing/covid19-cecra-small-
Assistance for
tenants’ rent by at least 75 per cent for the three corresponding month in rent and having business
Small Businesses
months under a rent forgiveness agreement, which will include a experienced at least a 70
term not to evict the tenant while the agreement is in place. The per cent drop in pre-
small business tenant would cover the remainder, up to 25 per COVID-19 revenues.
cent of the rent.
The Canada Revenue Agency has deferred all payment of any
income tax amounts owing on or after Mar. 18 and before Sept. https://www.canada.ca/en/revenue-
Income Tax
2020 until after Aug. 31, 2020. No interest or penalties will All businesses agency/campaigns/covid-19-update/
Deferrals
accumulate on these amounts during this period. The filing date covid-19-filing-payment-dates.html
for the 2019 tax year has also been extended until June 1, 2020.
HST/GST The Canada Revenue Agency and Canada Border Services
https://www.canada.ca/en/revenue-
Remittances and Agency are permitting businesses to defer all HST/GST
All businesses agency/campaigns/covid-19-update/
Customs Duty remittances as well as customs duty owing on their imports
covid-19-filing-payment-dates.html
Deferrals until June 30, 2020.
BDC | COVID-19: Supports for Canadian Businesses 52 Avoiding or Minimizing the Impact from Layoffs
Where to Apply /
Program Description Who is Eligible
Get Up to Date Information
Businesses that have
experienced a reduction
in revenue of 15% in the
Qualifying businesses can receive up to 75% in a wage
month of March and 30%
subsidy, for up to 24 weeks, retroactive from March 15 to
in the months of April
August 29 2020. The subsidy will provide up to $847 per week
and May as the result of
per employee. As well, employers eligible for the CEWS will be
the COVID-19 pandemic. https://www.canada.ca/en/revenue-
Canada Emergency entitled to receive a 100-per-cent refund for certain employer-
The revenue reduction agency/services/subsidy/emergency-
Wage Subsidy paid contributions to Employment Insurance, the Canada
test can be applied to wage-subsidy.html
Pension Plan, the Quebec Pension Plan, and the Quebec
year-over-year monthly
Parental Insurance Plan for remuneration paid to furloughed
revenue in 2019, or the
employees in a period where the employer is eligible for the
average of revenue for
CEWS.
January and February
2020. Cash or accrual
accounting may be used.
Small businesses that do not qualify for the Canada
Emergency Wage Subsidy may be eligible for the 10% https://www.canada.ca/en/revenue-
10% Temporary Temporary Wage Subsidy, which covers employee wages up All legal small and agency/campaigns/covid-19-update/
Wage Subsidy to a maximum of $1,375 per employee and up to $25,000 per medium-sized enterprises frequently-asked-questions-wage-
employer. Employers can claim this subsidy immediately by subsidy-small-businesses.html
withholding a portion of payroll tax remittances.
The program provides Employment Insurance (EI) benefits
to top off the wages (based on an EI formula) to eligible
employees who agree to reduce their normal working hours
and share the available work while their employer recovers. Year-round businesses
https://www.canada.ca/en/employment-
Work-Sharing As part of the Government of Canada’s COVID-19 response, that have been in
social-development/services/work-
Program the maximum length of a work-sharking agreement has been business in Canada for at
sharing.html
doubled from 38 to 76 weeks and processing time has been least one year.
reduced from 30 days to 10 days. Employees on a Work-
Sharing agreement must agree to a reduced schedule of work
and to share the available work over a specified period of time.
BDC | COVID-19: Supports for Canadian Businesses 62 Avoiding or Minimizing the Impact from Layoffs (cont.)
Where to Apply /
Program Description Who is Eligible
Get Up to Date Information
Individuals residing in
Canada who have lost
employment income as
the result of COVID-19
Provides $2,000 a month for up to four months for individuals or who are eligible for
Canada Emergency https://www.canada.ca/en/services/
who have lost all of their income as the result of COVID-19. EI regular or sickness
Response Benefit benefits/ei/cerb-application.html
Employees who are furloughed can also receive the Benefit. benefits and who had
income of at least $5,000
in 2019 or in the 12
months prior to the date
of their application.
The Government of Canada is extending the Canada
Summer Jobs wage subsidy to 100% of the provincial or https://www.canada.ca/en/employment-
Businesses participating
Canada Summer territorial minimum wage for 2020, extending the end date of social-development/services/funding/
in Canada Summer Jobs
Jobs employment to February 28, 2021, allowing employers to adapt 2020
canada-summer-jobs/temporary-flexibility.
their projects and job activities to support essential services, html
and allowing employers to hire staff on a part-time basis.
BDC | COVID-19: Supports for Canadian Businesses 73 Provincial / Territorial Measures
Province / Where to Apply /
Program Description Who is Eligible
Territory Get Up to Date Information
Access to
Capital: ATB
Access to capital and deferrals on loans, lines of Call or email the ATB team member you
Financial credit and Mastercard
Small businesses
deal with or call 1-800-332-8383
Customer Relief
Program
Corporate income tax balances and instalment
payments coming due between March 18, 2020
and Aug. 31, 2020 are deferred until Aug. 31, 2020.
Deferrals: Tax
Additionally, Workers Compensation Board premiums https://www.alberta.ca/corporate-
and Other All businesses
have been deferred until early 2021, education income-tax.aspx
Payments
property taxes have been deferred by 6 months,
and small businesses can defer their electricity and
Alberta natural gas payments by 90 days.
Businesses who are
electricity consumers,
Eligible businesses who are experiencing financial
who consume less than
hardship directly related to the COVID-19 pandemic
Deferral: Utility 250,000 kilowatt hours https://www.alberta.ca/utility-payment-
can work with their utility company to defer
Payments electricity and natural gas bills until June 18, 2020
of electricity per year or deferral.aspx
natural gas consumers,
without any late fees or added interest payments.
who consume less than
2,500 gigajoules per year.
Resources: Free advice, coaching and information on COVID-19
Small businesses https://businesslink.ca/
Business Link resources and supports.
BDC | COVID-19: Supports for Canadian Businesses 83 Provincial / Territorial Measures (cont.)
Province / Where to Apply /
Program Description Who is Eligible
Territory Get Up to Date Information
Relief: B.C. British Columbians who
One-time tax-free benefit of $1,000 for workers https://www2.gov.bc.ca/gov/content/
Emergency are eligible to receive
whose ability to work has been affected by employment-business/covid-19-financial-
Benefit for COVID-19.
the Canada Emergency
supports/emergency-benefit-workers
Workers Response Benefit.
Extending the filing and payment deadlines for the
Employer Health Tax. sales taxes, municipal and https://www2.gov.bc.ca/assets/gov/taxes/
regional district tax, motor fuel tax and carbon tax sales-taxes/publications/notice-2020-
until September 30, 2020. Additionally, the school 002-covid-19-sales-tax-changes.pdf
property tax rate for commercial properties has been
Deferrals and https://www.worksafebc.com/en/about-
reduced for commercial properties to achieve an
Relief: Tax, us/news-events/announcements/2020/
British average 25% reduction in the total property tax bill All businesses
premiums and March/covid-19-situation-your-reporting-
Columbia for most businesses and the provincial Carbon Tax
payments payment-deadline
and sweetened carbonated drinks tax will remain at
current levels until further notice. WorkSafeBC is also https://www.bchydro.com/news/
postponing reporting and payment deadlines and conservation/2020/covid-19-updates.
BC Hydro is providing customers the option to defer html
payments with no penalty for up to three months.
Resources: Support services operated by Small Business BC
Business to offer information to support businesses during
COVID-19. This will serve as the single point of https://covid.smallbusinessbc.ca/hc/en-
COVID-19 contact for businesses throughout the province
All businesses
us
Support looking for more information on resources available
Service Online during the COVID-19 pandemic.
Relief: Manitoba A non-interest bearing forgivable loan of $6,000 for
Businesses that do not
businesses that can not receive federal COVID-19 https://manitoba.ca/covid19/business/
Gap Protection supports such as the Canada Emergency Wage
qualify for federal relief
measures mgpp.html
Program Subsidy and Canada Emergency Business Account.
Relief: Manitoba Employers can access a $7 per hour wage subsidy for
hiring summer students, up to a maximum of $5,000
Summer Employers of students https://news.gov.mb.ca/news/index.
per student and up to five students per employer. The
Student program is open to Manitoba students aged 15 to 29,
aged 15 to 29 html?item=47620&posted=2020-04-24
Manitoba Recovery Plan with an employment period from May 1 to September 4.
Extending the April and May tax filing deadlines until
June 22, 2020 for small and medium businesses with
monthly RST remittances of no more than $10,000.
Deferrals: Tax, Small and medium https://www.gov.mb.ca/finance/taxation/
No interest or penalties will be charged for Manitoba
interest businesses pubs/bulletins/noticerst2003.pdf
Hydro, Centra Gas, Workers Compensation Board,
Manitoba Public Insurance, Manitoba Liquor and
Lotteries receivables, or education property taxes.
BDC | COVID-19: Supports for Canadian Businesses 93 Provincial / Territorial Measures (cont.)
Province / Where to Apply /
Program Description Who is Eligible
Territory Get Up to Date Information
Working capital loans of up to $100,000 to small
Access to businesses impacted by the COVID-19 pandemic, Small businesses
Capital: New at an interest rate of 4% with six months of deferred employing 1 to 49
Brunswick interest payments and 12 months of deferred principal employees with sales https://www.cbdc.ca/en/gnb-small-
Small Business payments. Loans are funded by the Government of of less than $10 million business-emergency-working-capital-
Emergency New Brunswick and administered by the Community and that were financially program
Working Capital Business Development Corporation. Applicants must viable prior to the
Program have explored options with their primary financial COVID-19 crisis.
institution and federal support programs.
Access to Capital: Opportunities New Brunswick will provide working
Privately-held
Opportunities capital loans of $100,000 to $1 million, at an interest
New businesses in business
rate of 4% with six months of deferred interest
Brunswick New Brunswick for at least 24 months https://onbcanada.ca/covid19-working-
payments and 12 months of deferred principal
COVID-19 payments. Max term 5 years. Applicants must
and that were financially capital-loans-new-brunswick/
Working Capital viable prior to the
have explored options with their primary financial
Loans COVID-19 crisis.
institution and federal support programs.
While the deadline for paying business property https://www2.gnb.ca/content/gnb/en/
taxes remains May 31, late penalties will be reviewed gateways/for_business/covid19.html
Deferrals: Tax, and potentially waived on a case by case basis.
Principal and interest payments on loans from the https://www.worksafenb.ca/about-us/
Loan Payment Government of New Brunswick may also be deferred
All businesses news-and-events/news/2020/as-we-
and Premiums on a case-by-case basis. WorkSafeNB premium face-the-global-pandemic-of-covid-19-
payments for February, March and April will be worksafenb-defers-premium-payments-
deferred for three months without charge. for-three-months-with-qa/
BDC | COVID-19: Supports for Canadian Businesses 103 Provincial / Territorial Measures (cont.)
Province / Where to Apply /
Program Description Who is Eligible
Territory Get Up to Date Information
This program will reimburse private sector employers, Employers receiving
including those self-employed, for continuation of the Canada Emergency
employee pay associated with the time period their Wage Subsidy whose
Relief: Employer employees are required to self-isolate following employees were required https://www.gov.nl.ca/fin/employer-
Compensation their return from out-of-province travel due to the to self-isolate due to compensation-for-workers-in-self-
for Workers in recently announced COVID-19 travel restrictions. international or inter- isolation-due-to-covid-19-travel-
Self-Isolation Employers are eligible for up to $500 per week provincial travel upon restrictions/
for each employee and up to a combined total of return to Newfoundland
$1,000 per week for each employee when receiving and who were unable to
both federal and provincial funding. work as a result.
The Newfoundland and Labrador Liquor Corporation
will waive liquor license fees for the 2020-21
Newfound- fiscal year. The NLC is also temporarily waiving Liquor licencees and https://www.gov.nl.ca/releases/2020/
Relief: Fees warehousing service fees for microbrewers with microbrewers fin/0501n02/
land and
Labrador annual production of 1,000 hectoliters or less for
those who use the NLC’s distribution network
Deferring tax returns until June 23, 2020 for
the Gasoline Tax, Carbon Tax, Health and Post-
https://www.gov.nl.ca/releases/2020/
Deferrals: Tax Secondary Education Tax, Insurance Companies All businesses
fin/0407n05/
Tax, Mining and Mineral Rights Tax, Tax on Insurance
Premiums, Tobacco Tax
Recipients of loans
Six-month deferral of loan payments, under the
from the Innovation and
Deferrals: Innovation and Business Investment Corporation’s https://www.gov.nl.ca/releases/2020/
Business Investment
Loans Business Investment Fund. Payments will be deferred
Corporation’s Business
tcii/0506n03/
for April to September, inclusive.
Investment Fund
Access to
capital: NWT Loans of up to $25,000 (or more if the need is
Business clearly addressed) are being made available to
qualified NWT-owned businesses at a rate of 1.75%.
Development
Loans will be amortized for up to five years with All businesses https://www.bdic.ca/
Investment options for payment deferment for 3 months upon
Northwest Corporation request. Principal postponement on existing loans
Territories (BDIC) COVID-19 for up to three months.
Economic Relief
The Government of the Northwest Territories is
https://www.gov.nt.ca/sites/flagship/files/
Deferrals: Tax waiving interest charges on all late tax returns All businesses
documents/backgrounder.pdf
between March 15 and June 30, 2020.
BDC | COVID-19: Supports for Canadian Businesses 113 Provincial / Territorial Measures (cont.)
Province / Where to Apply /
Program Description Who is Eligible
Territory Get Up to Date Information
Enhancing the Small Business Loan Guarantee
Program, delivered through Nova Scotia Credit
Access to http://www.novascotia.coop/programs/
Unions, to make it easier for businesses to access
Capital: Small small-business-loan-guarantee-program/
credit up to $500,000. For those who do not
Business Loan Small Businesses
qualify for a loan, the Government of Nova Scotia will https://novascotia.ca/news/
Guarantee
guarantee the first $100,000. Principle and interest release/?id=20200320003
Program
payments under the Small Business Loan Guarantee
Program will also be deferred until June 30.
Eligible small businesses can apply for a loan of up Small businesses with
Access to to $25,000 through participating provincial credit less than $20,000
Capital: Small unions. The loan application is available from April 29 in payroll that have
to June 30. If you are approved for the loan, you will experienced a decline in https://novascotia.ca/coronavirus/
Business Credit also receive a one-time grant of up to $1,500 as well revenue of 15% in March support/#support-for-business
and Support as a business continuity voucher of up to $1,500 for or 30% in April, May or
Program advice and support to help your business adapt to June 2020, compared to
or recover from the effects of COVID-19. the same period in 2019.
Nova Unemployed Nova-
Scotia Scotians who are
ineligible for Employment
Relief: Worker One-time payment of $1,000 for Nova Scotians who Insurance, who earned
are laid off or out of work because of COVID-19, who between $5,000 and https://novascotia.ca/coronavirus/worker-
Emergency don’t qualify for Employment Insurance, and earn $34,000 in 2019, and emergency-bridge-fund/
Bridge Fund between $5,000 and $34,000. who have applied or plan
to apply for the Canada
Emergency Response
Benefit
The Government of Nova Scotia will defer payments
Deferrals: until June 30 for all government loans, as well as https://novascotia.ca/coronavirus/
Small Businesses
Loans and Fees workers compensation premiums and licence, permit, support/#support-for-business
registration, renewal and service fees
Resources: Small and medium
Virtual Hub to offer education, training and guidance size businesses, social https://www.nscc.ca/sites/covid19-
Virtual Business for small businesses. (Launching early May) enterprises, and not-for- business-support/
Support Hub profits
BDC | COVID-19: Supports for Canadian Businesses 123 Provincial / Territorial Measures (cont.)
Province / Where to Apply /
Program Description Who is Eligible
Territory Get Up to Date Information
Relief: Small All self-employed Nunavut https://gov.nu.ca/economic-
Business Small businesses can apply for up to $5,000 in the residents and businesses development-and-transportation/
Nunavut
Support form of a non-repayable contribution. majority-owned by news/covid-19-department-economic-
Program Nunavut residents development-and
Ontario is setting the electricity prices for residential, https://news.ontario.ca/opo/
farm and small business time-of-use customers at en/2020/03/ontario-providing-
Relief:
the lowest rate, 24 hours a day, until May 31. The electricity-relief-to-families-small-
Electricity
province is also providing a temporary increase businesses-and-farms-during-covid-19.
and Employer All businesses
to the Employer Health Tax (EHT) exemption from html
Health Tax
$490,000 to $1 million for 2020. With this plan,
Exemption https://budget.ontario.ca/2020/
more than 90% of private-sector employers would
not pay EHT in 2020. marchupdate/action-plan.html#section-3
From April 1 to August 31, the Province will not apply
any penalty or interest on any late-filed returns or https://budget.ontario.ca/2020/
incomplete or late tax payments under the majority of marchupdate/relief-measures.html
Deferrals: Tax provincially administered taxes. All businesses https://news.ontario.ca/mol/
and Premiums
Additionally, all employers covered by the Workplace en/2020/03/ontario-enabling-financial-
Ontario Safety and Insurance Board will be able to defer relief-for-businesses-1.html
premium payments for six months.
To help remove obstacles and streamline Ontario’s
ability to respond to the outbreak and navigate
through it, several temporary rules and regulations
have been put in place.
Regulations: To support your ongoing work during COVID-19,
you can request a temporary regulation or policy Individuals and https://www.ontario.ca/page/frontline-
Request a
to change to help: assist the health care system businesses operating in business-help-us-support-you-during-
Temporary Ontario covid-19
Change meet the needs of needs of the emergency, assist
businesses in retooling or producing essential or
health-related products and supplies, make it easier
for businesses trying to operate remotely or in a
non-traditional fashion and are facing unexpected
challenges
BDC | COVID-19: Supports for Canadian Businesses 133 Provincial / Territorial Measures (cont.)
Province / Where to Apply /
Program Description Who is Eligible
Territory Get Up to Date Information
Access to Capital:
Small business loan of up to $100,000 at a fixed https://www.princeedwardisland.ca/en/
Emergency All businesses, except
interest rate of 4%, with a 12-month deferral of service/emergency-working-capital-
Working Capital start-ups
principal and interest payments. financing
Financing
Relief: COVID-19
Grant of up to $2,500 covering the costs of https://www.princeedwardisland.ca/en/
Business
professional business advice for addressing a All businesses service/covid-19-business-adaptation-
Adaptation
COVID-19 related business challenge. advice-program
Advice Program
Relief:
Self-employed individuals who have lost income as
Emergency https://www.princeedwardisland.ca/en/
the result of COVID-19 can receive $500 per week Self-employed
Income Relief service/emergency-income-relief-self-
retroactively for the period of March 16 to March 29, individuals
Prince for the Self- employed
2020
Edward Employed
Island
Employers whose
A maximum of $250 per week for each employed
employees have
Relief: Worker worker that experienced a reduction of at least 8 https://www.princeedwardisland.ca/
experienced a reduction
Assistance hours per week, as compared to pre-COVID-19 en/service/emergency-relief-worker-
of at least 8 hours per
Program hours during the four week period March 16, assistance-program
week during the period
2020-April 11, 2020
March 16-April 11, 2020.
Prince Edward Island
residents who have lost
Relief: COVID-19 One-time lump sum payment of $750 for residents
their primary source of
of PEI who have lost income as the result of https://www.princeedwardisland.ca/en/
Income Support COVID-19. Applications are open until April 30,
income and who earned
service/covid-19-income-support-fund
Fund a minimum of $5,000 in
2020.
the last 12 months or in
the last calendar year.
BDC | COVID-19: Supports for Canadian Businesses 14Province / Where to Apply /
Program Description Who is Eligible
Territory Get Up to Date Information
Relief: Incentive Essential workers making gross wages of $550 or https://www.revenuquebec.ca/en/
less per week can apply to receive a taxable benefit
Program to online-services/online-services/
of $400 per month to make up the difference Essential workers
Retain Essential between the Canada Emergency Response Benefit
online-services/apply-for-the-incentive-
Workers and their wages. program-to-retain-essential-workers/
Direct support to cover the cost of employee
Relief: training and management consulting for companies Employers who have
Programme affected by the COVID-19 pandemic. Wages of been affected by the https://www.quebec.ca/entreprises-
actions employees in training may also be covered up to $25 COVID-19 pandemic, et-travailleurs-autonomes/programme-
concertées pour per hour. Training and consulting expenses under including those who have actions-concertees-pour-le-maintien-
le maintien en $100,000 can be covered at a rate of 100%, while seen an increase or a en-emploi-pacme-covid-19/ (in French)
emploi (PACME) expenses between $100,000 and $500,000 can diversification of activity.
be covered at a rate of 50%.
The Government of Quebec will grant employers a
Credit for credit on contributions to the Health Services Fund
Employers receiving http://www.fil-information.gouv.qc.ca/
contributions for employees on forced leave, offsetting costs not
the Canada Emergency Pages/Article.aspx?aiguillage=ajd&
to the Health covered by the federal government’s wage subsidy.
Wage Subsidy. type=1&lang=en&idArticle=2804306400
Services Fund This measure will be in place from March 15 to June
6, 2020.
Access to Capital:
Aide d’urgence All businesses that can
Provides loans or guarantees of up to $50,000, https://www.quebec.ca/entreprises-et-
aux petites et administered through Regional County Municipalities
demonstrate the impact
travailleurs-autonomes/aide-urgence-
Quebec moyennes of COVID-19 on their
entreprises or Local Investment Funds. pme-covid-19/ (in French)
operations
(COVID-19)
Access to
Capital:
Investissement https://www.investquebec.com/quebec/
Québec Loan guarantees or working capital loans of at least All businesses, with some en/financial-products/all-our-solutions/
Concerted $50,000. exclusions Concerted-temporary-action-program-
temporary action for-businesses.html
program for
businesses
https://www.revenuquebec.ca/
Businesses can defer payment on any tax balance en/coronavirus-disease-covid-19/
Deferrals: Tax All businesses
owing to Revenu Quebec until September 1. relief-measures-for-individuals-and-
businesses/
Resources:
Government https://www.quebec.ca/en/businesses-
Financial Online tool to determine what type of assistance is and-self-employed-workers/government-
Support best suited to your situation.
All businesses
financial-support-programs-businesses-
Programs for covid19/
Businesses
(COVID-19)
BDC | COVID-19: Supports for Canadian Businesses 153 Provincial / Territorial Measures (cont.)
Province / Where to Apply /
Program Description Who is Eligible
Territory Get Up to Date Information
https://www.saskatchewan.ca/
Businesses with less government/health-care-administration-
Relief: One-time grant for small and medium-sized than 500 employees and-provider-resources/treatment-
Saskatchewan businesses directly affected by government public that have been ordered procedures-and-guidelines/
Small Business health orders. Grants will be based on 15% of a to temporarily close or emerging-public-health-issues/2019-
Emergency business’ monthly sales revenue in either April 2019 curtail operations novel-coronavirus/covid-19-information-
Payment or February 2020, to a maximum of $5,000. through a COVID-19 for-businesses-and-workers/
public health order. saskatchewan-small-business-
emergency-payment-program
Relief: Temporary Workers earning less
This wage supplement will provide $400 per month
Saskatchewan Wage Supplement than $2,500 per month
to workers earning less than $2,500 per month in https://www.saskatchewan.ca/
For Lower Income in senior-care facilities,
senior-care facilities, childcare facilities, group homes, government/news-and-media/2020/
Essential Workers childcare facilities, group
emergency shelters and transition shelters. The benefit april/30/temporary-wage-supplement
For Vulnerable homes, emergency shelters
will last up to 16 weeks, from March 15 to July 4.
Citizens and transition shelters
Saskatchewan businesses which are unable to remit
https://www.saskatchewan.
their PST due to cashflow concerns will have
ca/government/health-
threemonth relief from penalty and interest charges.
careadministration-
All Crown utilities will implement bill-deferral programs
Deferrals: Tax, and-provider-resources/
allowing a zero-interest bill deferral for up to six months
payments and All businesses treatment-procedures-and-guidelines/
for Saskatchewan customers whose ability to make
premiums emerging-public-health-issues/2019-
bill payments may be impacted by the COVID-19
novel-coronavirus/covid-19-
restrictions. The Saskatchewan Workers Compensation
information-for-businesses-andworkers/
Board is also waiving premium penalties for employers
support-for-businesses
from April 1 until June 30, 2020.
Eligible Yukon businesses will receive between Yukon businesses that
Relief: Yukon https://yukon.ca/en/health-and-
75 and 100 per cent of their fixed costs up to a have experience at least
Business Relief wellness/covid-19/yukon-business-relief-
maximum of $30,000 per month, from March 23, a 30 per cent decline in
Program program
2020 to July 23, 2020. revenue.
The Government of Yukon is establishing a criteria
based grant program that would address certain
Relief: Event https://yukon.ca/en/news/premiersilver-
expenses related to event cancellations due to Businesses that have had
Cancellation announces-stimulus-packagesupport-
COVID-19. Criteria to be established will focus on to cancel events
Grant businesses-and-workers
losses related to perishable goods and cancellation
Yukon
of accommodation and services.
The Government of Yukon will waive, reimburse or
delay government fee collection, such as airport
landing fees. The deadline for property tax payments
https://yukon.ca/en/news/premiersilver-
Deferrals: Fees has also been extended from July 2 to September 2,
All businesses announces-stimulus-packagesupport-
and Premiums 2020. Additionally, Workers’ Compensation Health
businesses-and-workers
and Safety premium payments will be deferred, and
penalties and interest will be waived. Any payments
made up front will be reimbursed.
BDC | COVID-19: Supports for Canadian Businesses 16Resources and Additional Information
Information contained within these websites is subject to change without notice. For the most up to date information, check these links regularly.
https://www.canada.ca/en/public-health/services/diseases/2019-novel-
Government of Canada COVID-19 Portal coronavirus-infection.html?topic=tilelink
Government of Canada Economic Response Plan https://www.canada.ca/en/department-finance/economic-response-plan.html
National Canadian Chamber of Commerce – Canadian
https://www.canadianbusinessresiliencenetwork.ca/
Business Resiliency Network
Wellness Together Canada: Mental Health and
https://ca.portal.gs/
Substance Use Support
Alberta https://www.alberta.ca/covid-19-support-for-employers.aspx
https://www2.gov.bc.ca/gov/content/safety/emergency-preparedness-
British Columbia response-recovery/covid-19-provincial-support
Manitoba https://manitoba.ca/covid19/business/index.html
New Brunswick https://www2.gnb.ca/content/gnb/en/gateways/for_business/covid19.html
Newfoundland and Labrador https://www.gov.nl.ca/covid-19/business-supports/
https://www.iti.gov.nt.ca/en/covid-19-information-businesses-tourists-and-
Northwest Territories program-applicants
Nova Scotia https://novascotia.ca/coronavirus/support/#support-for-business
Provincial /
Territorial Nunavut https://gov.nu.ca/health/information/covid-19-novel-coronavirus
Ontario https://www.ontario.ca/page/covid-19-support-businesses
Prince Edward Island https://www.princeedwardisland.ca/en/topic/for-business
https://www.quebec.ca/en/health/health-issues/a-z/2019-coronavirus/
Quebec financial-assistance-covid19/
https://www.saskatchewan.ca/government/health-care-administration-and-
provider-resources/treatment-procedures-and-guidelines/emerging-public-
Saskatchewan health-issues/2019-novel-coronavirus/covid-19-information-for-businesses-
and-workers/support-for-businesses
https://yukon.ca/en/your-government/find-out-what-government-doing/
Yukon support-yukon-businesses
BDC | COVID-19: Supports for Canadian Businesses 17You can also read
