FEDERAL GOVERNMENT PROGRAMS
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Canada United Small Business Relief Fund: Applications Reopen February 16th
Over $14 Million has been contributed to the Canada United Small Business Relief Fund by the Federal Government, RBC and Canada United partners to support recovery efforts due to COVID-19. Grants of up to $5,000 are still available to small businesses to cover expenses related to personal protective equipment (PPE), renovations to accommodate re-opening guidelines and developing or improving website and e-commerce capabilities. Applications will be accepted again starting February 16th, 2021 at 1 p.m. EST.The Canada United Small Business Relief fund was created as part of Canada United, a nationwide campaign led by RBC and over 70 large businesses, the national network of Chambers of Commerce and leading business associations to encourage Canadians to buy and dine local. Learn more about the Canada United Small Business Relief Fund |
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New Highly Affected Sectors Credit Availability Program (HASCAP) Opens February 1
Excerpts from Government of Canada News Release, January 26, 2021
Through HASCAP, the Business Development Bank of Canada (BDC) will work with participating Canadian financial institutions to offer government-guaranteed, low-interest loans of up to $1 million. Hard-hit businesses, like a chain of hotels or restaurants with multiple locations under one related entity, could be eligible for up to $6.25 million. HASCAP will help businesses with their day-to-day operating costs during the COVID-19 crisis and enable them to invest in their longer-term prosperity.
HASCAP is available to businesses across the country, in all sectors, that have been hit hard by the pandemic. This includes restaurants, businesses in the tourism and hospitality sectors, and those that rely on in-person service.
To be eligible for HASCAP, businesses need to show a year-over-year revenue decline of at least 50% in three months, within the eight months prior to their application. They must also be able to show their financial institutions that they have previously applied for either the Canada Emergency Wage Subsidy or the Canada Emergency Rent Subsidy.
Eligible businesses can start applying as early as February 1 at principal financial institutions and more widely by February 15. Interested businesses should contact their primary lender to get more information and to apply.
Learn more about the credit
Excerpts from Government of Canada News Release, January 26, 2021
Through HASCAP, the Business Development Bank of Canada (BDC) will work with participating Canadian financial institutions to offer government-guaranteed, low-interest loans of up to $1 million. Hard-hit businesses, like a chain of hotels or restaurants with multiple locations under one related entity, could be eligible for up to $6.25 million. HASCAP will help businesses with their day-to-day operating costs during the COVID-19 crisis and enable them to invest in their longer-term prosperity.
HASCAP is available to businesses across the country, in all sectors, that have been hit hard by the pandemic. This includes restaurants, businesses in the tourism and hospitality sectors, and those that rely on in-person service.
To be eligible for HASCAP, businesses need to show a year-over-year revenue decline of at least 50% in three months, within the eight months prior to their application. They must also be able to show their financial institutions that they have previously applied for either the Canada Emergency Wage Subsidy or the Canada Emergency Rent Subsidy.
Eligible businesses can start applying as early as February 1 at principal financial institutions and more widely by February 15. Interested businesses should contact their primary lender to get more information and to apply.
Learn more about the credit
Canada Emergency Wage Subsidy (CEWS)
As a Canadian employer who has seen a drop in revenue due to the COVID-19 pandemic, you may be eligible for a subsidy to cover part of your employee wages, retroactive to March 15, 2020. The government has extended the wage subsidy to June 30, 2021.
As a Canadian employer who has seen a drop in revenue due to the COVID-19 pandemic, you may be eligible for a subsidy to cover part of your employee wages, retroactive to March 15, 2020. The government has extended the wage subsidy to June 30, 2021.
- UPDATE: Details for claim periods 11 to 13 (December 20, 2020, to March 13, 2021)
- the maximum top-up subsidy rate is 35%
- the maximum subsidy amount for employees on leave with pay is $595
- the base revenue drop comparison months for period 11 will be the same as period 10
- More information on the changes
- Calculate your subsidy amount
- CEWS FAQ
- Apply for the CEWS
Canada Summer Jobs (CSJ) Application Period Extended to February 3, 2021; Temporary Flexibilities also Extended for 2021
For CSJ 2020, the Department introduced temporary flexibilities to respond to the needs of employers and youth in the context of the COVID-19 pandemic. The following temporary flexibilities will continue to be in place for CSJ 2021:
For CSJ 2020, the Department introduced temporary flexibilities to respond to the needs of employers and youth in the context of the COVID-19 pandemic. The following temporary flexibilities will continue to be in place for CSJ 2021:
- Wage subsidies: Funded public and private sector employers will be eligible to receive a wage subsidy reimbursement of up to 75% of the provincial or territorial minimum hourly wage. Under regular rules, private and public sector employers are only eligible to receive up to 50% of the provincial or territorial minimum wage.
- Part-time employment: All funded employers may offer part-time placements (for example, fewer than 30 hours per week). Under regular rules, all CSJ-funded employment has to be full time (a minimum of 30 hours per week).
- Employment period: All funded employers may offer job placements between April 26, 2021 and February 26, 2022. Under regular rules, all CSJ-funded positions have to be completed during the summer months.
- Changes to project and job activities: All funded employers may amend project and job activities if the proposed project is impacted by COVID-19 restrictions after an agreement is signed. In such cases, the employer should contact Service Canada to discuss potential amendments. All changes must be approved by Service Canada.
Regional Relief and Recovery Fund (RRRF)
The RRRF provides liquidity support to businesses and organizations affected by the economic impacts of COVID-19, that are unable to access other federal relief measures, or require additional support.
UPDATE:
Applications accepted under two streams:
Regional Economy:
Community Futures:
The RRRF provides liquidity support to businesses and organizations affected by the economic impacts of COVID-19, that are unable to access other federal relief measures, or require additional support.
UPDATE:
- The Regional Relief and Recovery Fund (RRRF) has been extended and expanded in southern Ontario. The expanded parameters include increases in contribution amounts and forgivable portions and the timeframe for eligible costs. These parameters are available to new applicants and existing recipients.
- Key new features for RRRF liquidity support:
- As of January 20, 2021, conditionally repayable loans for eligible applicants will increase from $40,000 to $60,000.
- Recipients who have already received RRRF conditionally repayable financial assistance may apply for a top-up to a maximum total amount of $60,000 (also conditionally repayable).
- Repayable RRRF funding may support fixed operating costs incurred during the pandemic, up to a maximum of $1 million.
- Organizations such as chambers of commerce, business sector associations and other economic development organizations that provide support to businesses are eligible to apply for the RRRF for non-repayable loans.
- Financial assistance is interest-free.
- Support under $100,000 will be advanced in a single payment directly to organizations.
- Financial assistance covers up to 100 percent of eligible costs. Canada’s Regional Development Agencies (RDAs) will deliver the RRRF in their regions; working closely with Community Futures organizations, businesses and innovators in their communities.
Applications accepted under two streams:
Regional Economy:
- This stream supports provides $213 million in support to southern Ontario SMEs that do not qualify for, or have been declined for, current Government of Canada COVID-19 relief measures.
- If you are a rural business seeking $60,000 or less in support, you are encouraged to apply for RRRF support through Community Futures (see below).
- Apply: FedDev Ontario website
Community Futures:
- This stream supports businesses in rural and smaller communities through additional funding for the existing Community Futures Program (CFP).
- In order to provide targeted assistance to the small towns and communities they serve, CFDCs, who will deliver this stream of funding, will focus on assisting “main street” businesses, such as retail shops, restaurants and corner stores, etc., and businesses of strategic importance to their communities, with loans up to $60,000.
- Apply: Community Futures Peterborough
Canada Emergency Business Account (CEBA) Learn more
This $55 billion program provides 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). Businesses should contact their financial institution to apply for a CEBA loan.
This $55 billion program provides 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). Businesses should contact their financial institution to apply for a CEBA loan.
- UPDATE:
- As of December 4, 2020 approved CEBA applicants can now receive a $60,000 loan.
- CEBA applicants who have received the $40,000 CEBA loan may apply for the CEBA expansion, which provides eligible businesses with an additional $20,000 of financing.
- All applicants have until March 31, 2021, to apply for $60,000 CEBA loan or the $20,000 expansion.
- *NEW* All applicants can now check the status of their CEBA Loan online at https://status-statut.ceba-cuec.ca/. Please wait 5 to 7 business days after finalizing your application before checking your loan status on this loan status website or with the call centre. If you try before the 5 to 7 business days you will not receive an update. The loan status website will be able to address the following types of questions.
- CEBA FAQ
Canada Emergency Rent Subsidy (CERS)
Canadian businesses, non-profit organizations, or charities who have seen a drop in revenue due to 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.
Canadian businesses, non-profit organizations, or charities who have seen a drop in revenue due to 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.
- This subsidy 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.
- CERS FAQ
- Apply for the CERS
Business Credit Availability Program (BCAP)
Loan Guarantee for SMEs
Through the Business Credit Availability Program, Export Development Canada (EDC) is working with financial institutions to guarantee 80% of new operating credit and cash flow term loans of up to $6.25 million to small and medium-sized enterprises (SMEs).
Co-Lending Program for SMEs
Through the Business Credit Availability Program, Business Development Canada (BDC) is working with financial institutions to co-lend term loans of up to $6.25 million to SMEs for their operational cash flow requirements.
Loan Guarantee for SMEs
Through the Business Credit Availability Program, Export Development Canada (EDC) is working with financial institutions to guarantee 80% of new operating credit and cash flow term loans of up to $6.25 million to small and medium-sized enterprises (SMEs).
- This financing support is to be used for operational expenses and is available to both exporting and non-exporting companies.
- This program is now available at various banks and credit unions.
- This support is available until June 2021.
- More information about the loan guarantee
Co-Lending Program for SMEs
Through the Business Credit Availability Program, Business Development Canada (BDC) is working with financial institutions to co-lend term loans of up to $6.25 million to SMEs for their operational cash flow requirements.
- The program offers differing maximum finance amounts based on business revenues.
- This program is now available at various banks and credit unions.
- This support is available until June 2021.
- More information about the co-lending program
Tourism Resilience Fund Program
Peterborough & the Kawarthas Economic Development, together with partner Community Futures Peterborough will be administering non-repayable financial support ranging from $2,500 to $20,000 for eligible tourism-dependent businesses in the City of Peterborough, County of Peterborough, Hiawatha First Nation and Curve Lake First Nation.
Peterborough & the Kawarthas Economic Development, together with partner Community Futures Peterborough will be administering non-repayable financial support ranging from $2,500 to $20,000 for eligible tourism-dependent businesses in the City of Peterborough, County of Peterborough, Hiawatha First Nation and Curve Lake First Nation.
Funding for Indigenous SMEs
The federal government is providing $306.8 million in funding to help small and medium-sized Indigenous businesses, and to support Aboriginal Financial Institutions that offer financing to these businesses.
The federal government is providing $306.8 million in funding to help small and medium-sized Indigenous businesses, and to support Aboriginal Financial Institutions that offer financing to these businesses.
- The funding will allow for short-term, interest-free loans and non-repayable contributions through Aboriginal Financial Institutions, which offer financing and business support services to First Nations, Inuit, and Métis businesses.
- Financial support for Indigenous businesses will be provided through Aboriginal Financial Institutions, and administered by the National Aboriginal Capital Corporations Association and the Métis capital corporations in partnership with Indigenous Services Canada.
- Note: Indigenous peoples can also access all other government benefits.
- Learn more about funding for Indigenous SMEs
Indigenous Community Business Fund
The federal government is providing non-repayable financial contributions to help support operating costs for First Nation, Inuit and Métis community-or collectively-owned businesses and microbusinesses whose revenues have been affected by the COVID-19 pandemic.
The federal government is providing non-repayable financial contributions to help support operating costs for First Nation, Inuit and Métis community-or collectively-owned businesses and microbusinesses whose revenues have been affected by the COVID-19 pandemic.
- The fund seeks to provide support for businesses that do not qualify for other Government of Canada COVID-19 relief measures.
- Note: Indigenous peoples can also access all other government benefits.
- Apply for the Indigenous Community Business Fund
Black Entrepreneurship Loan Fund
The federal government is supporting Black business owners and entrepreneurs through the Black Entrepreneurship Loan Fund that will provide loans of between $25,000 and $250,000.
The federal government is supporting Black business owners and entrepreneurs through the Black Entrepreneurship Loan Fund that will provide loans of between $25,000 and $250,000.
- This initiative is part of the Black Entrepreneurship Program, in which we are investing up to nearly $93 million.
- More details on eligibility requirements and how to apply will be available soon
Support for Self-Employed Individuals
Canada Recovery Benefit (CRB)
The CRB provides $500 per week for up to 26 weeks for workers who have stopped working or had their income reduced by at least 50% due to COVID-19, and who are not eligible for Employment Insurance.
Canada Recovery Sickness Benefit (CRSB)
The CRSB provides $500 per week for up to a maximum of two weeks, for workers who:
Canada Recovery Caregiving Benefit (CRCB)
The CRCB provides $500 per week for up to 26 weeks per household for workers:
Canada Recovery Benefit (CRB)
The CRB provides $500 per week for up to 26 weeks for workers who have stopped working or had their income reduced by at least 50% due to COVID-19, and who are not eligible for Employment Insurance.
Canada Recovery Sickness Benefit (CRSB)
The CRSB provides $500 per week for up to a maximum of two weeks, for workers who:
- Are unable to work for at least 50% of the week because they contracted COVID-19
- Are self-isolated for reasons related to COVID-19
- have underlying conditions, are undergoing treatments or have contracted other sicknesses that, in the opinion of a medical practitioner, nurse practitioner, person in authority, government or public health authority, would make them more susceptible to COVID-19.
- Apply for the CRSB
Canada Recovery Caregiving Benefit (CRCB)
The CRCB provides $500 per week for up to 26 weeks per household for workers:
- unable to work for at least 50% of the week because they must care for a child under the age of 12 or family member because schools, day-cares or care facilities are closed due to COVID-19
- because the child or family member is sick and/or required to quarantine or is at high risk of serious health implications because of COVID-19.
- Apply for the CRCB
Transition from CERB to Employment Insurance (EI)
The Government of Canada announced changes to the Employment Insurance (EI) program and new recovery benefits.
The Government of Canada announced changes to the Employment Insurance (EI) program and new recovery benefits.
- If you need financial assistance after your CERB ends:
- As of September 27, 2020, there are some temporary changes to the EI program to help you access EI benefits. These changes will be in effect for 1 year.
- Find out if you qualify
- Transition to EI FAQ
- If you were receiving CERB, you may be eligible for one of the new recovery benefits retroactive to September 27, 2020 and available until September 25, 2021.
Tips from Federal Minister of Small Business
- Visit Canada Business Resilience Network for information about supporting your employees and your business. It will be constantly updated.
- Download the Canada Business App to find tailored supports to address your specific needs and questions about COVID-19.
PROVINCIAL GOVERNMENT PROGRAMS
Ontario Business Support Grant
Starting at $10,000 for all eligible businesses, the grant provides businesses with funding to a maximum of $20,000 to help cover decreased revenue expected as a result of the Provincewide Shutdown.
Starting at $10,000 for all eligible businesses, the grant provides businesses with funding to a maximum of $20,000 to help cover decreased revenue expected as a result of the Provincewide Shutdown.
- The business must demonstrate they experienced a revenue decline of at least 20 per cent when comparing monthly revenue in April 2019 and April 2020.
- More information about the grant
- Apply for the grant
Ontario Expands Eligibility for Main Street Relief Grant for PPE
Excerpts from Government of Ontario News Release, February 16, 2021
The Ontario government is expanding the number of small businesses that can apply for the Main Street Relief Grant to help offset the costs of purchasing personal protective equipment (PPE). Small businesses with 2 to 19 employees in all eligible sectors - expanded from 2-9 employees - including those in the arts, entertainment, and recreation sector, can now apply for up to $1,000 in financial support. The expansion is being made as more parts of the province enter the strengthened COVID-19 Response Framework, which allows for the gradual and safe reopening of in-store shopping at non-essential retail stores.
This one-time grant reimburses main street businesses for up to $1,000 in PPE costs incurred since March 17, 2020. Eligible businesses for the Main Street Relief Grant now include those with 2 to 19 employees in the following sectors:
The grant can be used to help cover the costs of a variety of PPE, including installing plexiglass or purchasing gloves and masks. Eligible businesses can apply for this grant and other COVID-19 financial supports - like the Ontario Small Business Support Grant and property tax or energy cost rebates - through a simple online application.
Small businesses can visit ontario.ca/smallbusiness to learn about the many supports available to them. These include resources to find Ontario-made PPE through the Workplace PPE Supplier Directory, tools to build or expand their online presence through Digital Main Street, tailored local support through the Small Business COVID-19 Recovery Network, and free financial advice.
Find local PPE suppliers on the Peterborough PPE Retail Hub
Excerpts from Government of Ontario News Release, February 16, 2021
The Ontario government is expanding the number of small businesses that can apply for the Main Street Relief Grant to help offset the costs of purchasing personal protective equipment (PPE). Small businesses with 2 to 19 employees in all eligible sectors - expanded from 2-9 employees - including those in the arts, entertainment, and recreation sector, can now apply for up to $1,000 in financial support. The expansion is being made as more parts of the province enter the strengthened COVID-19 Response Framework, which allows for the gradual and safe reopening of in-store shopping at non-essential retail stores.
This one-time grant reimburses main street businesses for up to $1,000 in PPE costs incurred since March 17, 2020. Eligible businesses for the Main Street Relief Grant now include those with 2 to 19 employees in the following sectors:
- retail trade;
- accommodation and food services;
- repair and maintenance;
- personal and laundry services;
- gyms and yoga studios; and
- arts, entertainment, and recreation.
The grant can be used to help cover the costs of a variety of PPE, including installing plexiglass or purchasing gloves and masks. Eligible businesses can apply for this grant and other COVID-19 financial supports - like the Ontario Small Business Support Grant and property tax or energy cost rebates - through a simple online application.
Small businesses can visit ontario.ca/smallbusiness to learn about the many supports available to them. These include resources to find Ontario-made PPE through the Workplace PPE Supplier Directory, tools to build or expand their online presence through Digital Main Street, tailored local support through the Small Business COVID-19 Recovery Network, and free financial advice.
Find local PPE suppliers on the Peterborough PPE Retail Hub
Property Tax and Energy Cost Rebates
For businesses that were required to shut down or significantly restrict services due to provincial public health measures (modified Stage 2 restrictions or, going forward, in areas categorized as control, Lockdown or Provincewide Shutdown). This provincial application-based grant provides a rebate to eligible businesses in respect of property taxes and energy bills.
Businesses struggling to pay their energy bills as a result of COVID-19 may also be eligible for the COVID-19 Energy Assistance Program for Small Business (CEAP-SB), which you can apply to through your utility provider.
The Ontario Energy Board updated the eligibility criteria on January 14, 2021, so that more customers may qualify for CEAP-SB. Small business and registered charity electricity or natural gas customers are now eligible for CEAP-SB if they meet all of the following criteria:
Customers who previously applied but were denied will have their original applications reviewed by utilities and will be contacted directly if they meet the new eligibility criteria. Customers who previously applied and received an on-bill credit will be notified by their utilities that the funding limits have been increased, and that they can file a new application for additional credits under the new funding limits, to be applied against any current overdue amounts. No customer can receive total CEAP-SB funding that exceeds the new funding limit of $1,500.
Eligible small business and registered charity customers may qualify for a one-time CEAP-SB credit for the electricity or natural gas charges that are overdue on the date of their application for CEAP-SB, up to a maximum of $1,500.
More Information about CEAP-SB and How to Apply
For businesses that were required to shut down or significantly restrict services due to provincial public health measures (modified Stage 2 restrictions or, going forward, in areas categorized as control, Lockdown or Provincewide Shutdown). This provincial application-based grant provides a rebate to eligible businesses in respect of property taxes and energy bills.
Businesses struggling to pay their energy bills as a result of COVID-19 may also be eligible for the COVID-19 Energy Assistance Program for Small Business (CEAP-SB), which you can apply to through your utility provider.
The Ontario Energy Board updated the eligibility criteria on January 14, 2021, so that more customers may qualify for CEAP-SB. Small business and registered charity electricity or natural gas customers are now eligible for CEAP-SB if they meet all of the following criteria:
- The customer has an active account with an electricity distributor, a USMP or a natural gas distributor.
- The customer’s account falls within the following class:
- For customers of an electricity distributor, the General Service less than 50 kW rate class
- For customers of a USMP, the relevant commercial class that uses less than 150,000 kWh of electricity annually
- For customers of a natural gas distributor, is a non-residential customer that uses less than 50,000 cubic meters of gas annually
- Customers can find information about their class on their bill, or they can contact their utility or USMP.
- The customer has a registered business number or charitable registration number for the small business or registered charity operating out of the premises.
- The customer has overdue amounts owing from one or more electricity or gas bills since March 17, 2020.
Customers who previously applied but were denied will have their original applications reviewed by utilities and will be contacted directly if they meet the new eligibility criteria. Customers who previously applied and received an on-bill credit will be notified by their utilities that the funding limits have been increased, and that they can file a new application for additional credits under the new funding limits, to be applied against any current overdue amounts. No customer can receive total CEAP-SB funding that exceeds the new funding limit of $1,500.
Eligible small business and registered charity customers may qualify for a one-time CEAP-SB credit for the electricity or natural gas charges that are overdue on the date of their application for CEAP-SB, up to a maximum of $1,500.
More Information about CEAP-SB and How to Apply
Ontario Extends Off-Peak Electricity Rates to Provide Relief for Families, Small Businesses and Farms
Excerpt from Government of Ontario News Release, February 10, 2021
The Ontario government is once again extending electricity rate relief for families, small businesses and farms to support those spending more time at home while the province maintains the Stay-at-Home Order in the majority of public health regions. The government will continue to hold electricity prices to the off-peak rate of 8.5 cents per kilowatt-hour until February 22, 2021. This lower rate is available 24 hours per day, seven days a week for Time-Of-Use and tiered customers.
Excerpt from Government of Ontario News Release, February 10, 2021
The Ontario government is once again extending electricity rate relief for families, small businesses and farms to support those spending more time at home while the province maintains the Stay-at-Home Order in the majority of public health regions. The government will continue to hold electricity prices to the off-peak rate of 8.5 cents per kilowatt-hour until February 22, 2021. This lower rate is available 24 hours per day, seven days a week for Time-Of-Use and tiered customers.
Ontario's Skills Development Fund
The fund, which will support workers and apprentices, is specifically designed to address the challenges brought on by COVID-19 and help reduce obstacles to hiring, training and retaining while preparing workers for the province's economic recovery.
The Skills Development Fund will accept applications from a wide range of employment and training organizations in Ontario, and the focus will be on:
Applicants, including employers, apprenticeship training delivery agents, unions, post-secondary institutions, community organizations and others can submit proposals until February 28, 2021.
Submit a Proposal
The fund, which will support workers and apprentices, is specifically designed to address the challenges brought on by COVID-19 and help reduce obstacles to hiring, training and retaining while preparing workers for the province's economic recovery.
The Skills Development Fund will accept applications from a wide range of employment and training organizations in Ontario, and the focus will be on:
- giving laid-off workers immediate access to training supports or new jobs
- improving the quality of training
- reaching out to traditionally underrepresented groups
- increasing apprentice registrations and completion
- better serving local communities
- supporting the talent needs of small businesses
Applicants, including employers, apprenticeship training delivery agents, unions, post-secondary institutions, community organizations and others can submit proposals until February 28, 2021.
Submit a Proposal
WSIB Safety Excellence Program
The Workplace Safety Insurance Board’s Health and Safety Excellence Program offers rebates to safe employers.
The Workplace Safety Insurance Board’s Health and Safety Excellence Program offers rebates to safe employers.
