Support for Businesses

Last Updated: October 2021

For a full list of supports for businesses including:

  • Avoiding layoffs, rehiring employees and creating new jobs

  • Taxes and tariffs

  • Financial support, loans and access to credit

  • Targeted support

  • Support for self-employed individuals

  • Indigenous businesses

  • Supporting financial stability

Go to the Canadian government website here under the heading "support for businesses" 

Canada Emergency Wage Subsidy (CEWS)

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. This subsidy will enable you to re-hire workers, help prevent further job losses, and ease your business back into normal operations. Learn more about CEWS here.

Canada Emergency Rent Subsidy (CERS)

his subsidy is provided directly to tenants and supports businesses, charities, and nonprofits that have suffered a revenue drop. Organizations that have seen a decline of 70% or more in their revenues because of the pandemic are eligible for a 65% rent subsidy. The subsidy rate declines gradually for organizations that have seen declines below 70%. Learn more about CERS here.

 

PLEASE NOTE: As of October 2021, the government is proposing to continue COVID-19 business support programs until May 2022 for organizations hit hardest since the start of the pandemic or most affected by public health restrictions. Please read the October 21 announcement and check back soon for details.

In October 2021, the federal government proposed two new programs to support businesses that will replace the wage and rent subsidies:

  1. The Tourism and Hospitality Recovery Program: This would apply to operations such as hotels, restaurants, bars, festivals and travel agencies, and requires applicants to show an average monthly revenue loss of at least 40% for the first 13 qualifying periods of the Canada Emergency Wage Subsidy (CEWS) and a revenue loss of the same amount in the current month. Until mid-March, 2022, the subsidy rate would reflect the revenue decline, up to 75%, and then decline by half until the program’s expiration.
  2. The Hardest-Hit Business Recovery Program: This will apply to those that don’t fit under the tourism and hospitality umbrella but are still facing significant financial hurdles caused by the pandemic. Eligible businesses would have to show an average monthly revenue loss of at least 50% over the first 13 qualifying periods of the CEWS and a revenue loss of the same amount in the current month. The maximum subsidy rate would be set at up to 50% until mid-March and then reduced by half thereafter.

Both are available until May 7, 2022. Eligible businesses would have to show an average monthly revenue loss of at least 50 per cent over the first 13 qualifying periods of the CEWS and a revenue loss of the same amount in the current month. Learn more about both here.

The maximum subsidy rate would be set at up to 50 per cent until mid-March and then reduced by half thereafter.

The federal government has also proposed an extension of the Canada Recovery Hiring Program, for businesses that can show a more than 10% revenue loss, until May 7, 2022, at a subsidy rate of 50% paid to eligible employees. Learn more here.

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