COVID-19 - Federal Support Programs for Businesses and Individuals


Overview and Eligibility

How to Apply

Canada Emergency Wage Subsidy

75% wage subsidy for up to three months (March 15 to June 6, 2020) to support small and large businesses, as well as non-profit organizations and charities, that are experiencing a 30% reduction in business due to COVID-19.

This benefit will apply on the first $58,700 earned or up to $847 a week.

This benefit will be applied retroactively to, March 15, 2020.

Click here for more information
Canada Emergency Business Account 

One-year interest free loan of up to $40,000 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 25 per cent.

To qualify, these organizations will need to demonstrate they paid between $20,000 to $1.5 million in total payroll in 2019.

The Canada Emergency Business Account will be funded mostly as a revolving line of credit.

This program will be implemented by eligible financial institutions in cooperation with Export Development Canada (EDC).

Small businesses and not-for-profits should contact their financial institution to apply for these loans.

Small Business Loan

Loans of up to $100,000 to buy equipment, software or for other business expenses.

To be eligible, companies must be Canadian based, have generated revenues for at least 2 years, and have a good credit history.

This program is administered through Business Development Bank of Canada.

For more information on how to apply click here.

Working Capital Loan

Loans of more than $100,000 for working capital, increasing inventory to meet demand, taking advantage of discounts offered by suppliers, and supplementing a line of credit.

Payments can be matched to cash flow patterns, and personal assets will not be taken as collateral for the loan.

This program is administered through Business Development Bank of Canada.

For more information on how to apply click here.

Purchase Order Financing

Entrepreneurs can cover up to 90% of the purchase order amount associated with larger sales, maintain a line of credit or grow their business.

This program offers shorter terms than Working Capital Loan, and interest-only payments with a balloon payment at loan maturity.

This program is administered through Business Development Bank of Canada.

For more information on how to apply click here.

Canada Emergency Response Benefit (CERB)

This taxable benefit provides $2,000 a month for up to four months for workers, contractors, and self-employed individuals who lose their income as a result of the COVID-19 pandemic including. It replaces the previously announced Emergency Care Benefit and Emergency Support Benefit.

Eligible recipients include:

  • Workers who must stop working due to COVID19 and do not have access to paid leave or other income support;
  • Workers who are sick, quarantined, or taking care of someone who is sick with COVID-19; 
  • Working parents who must stay home without pay to care for children that are sick or need additional care because of school and daycare closures; 
  • Workers who still have their employment but are not being paid because there is currently not sufficient work and their employer has asked them not to come to work;

The CERB will be accessible through a secure web portal, automated telephone line, or via a toll-free number.  In early April.

To apply for this benefit, the Government is working to launch an on-line application tool in early April. It was suggested by the Minister of Finance, Bill Morneau that this tool will be available on April 6, 2020. Following application, Canadians will receive payment within a 10-day period, with subsequent payments being made every four weeks for up to four months.

For more information click here.

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