Federal Supports for Businesses

Navigating Federal Supports

The Government of Canada has developed an online tool to help businesses navigate the different federal supports available to businesses.

VIEW ONLINE NAVIGATION TOOL

 

Canada Emergency Wage Subsidy

A number of changes have been made the Canada Emergency Wage Subsidy (CEWS) since its first announcement. The latest updates include:

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When applying for the Canada Emergency Wage Subsidy (CEWS), you will be asked to enter amounts such as the number of eligible employees and gross payroll. To get ready, you can determine these amounts and preview your subsidy claim based on the information you enter. The below CEWS calculator is a tool to help you estimate the amount of your wage subsidy.

VIEW THE CALCULATOR

 

CRA Small Business Liaison Officers

The Canada Revenue Agency is adapting its Liaison Officer service to support small businesses and self-employed individuals during COVID-19. Liaison Officers will be available exclusively by phone to provide the key information that small businesses and self-employed individuals need most urgently, including filing and payment deadlines and proactive relief measures.

COMPLETE LIAISON REQUEST FORM

 

Regional Relief and Recovery Fund (RRRF)

The Government of Canada has announced the $962 million Regional Relief and Recovery Fund to address gaps left by other support measures. The Atlantic Canada Opportunities Agency (ACOA) and the Atlantic Association of Community Business Development Corporations (CBDCs) are distributing the RRRF in Atlantic Canada, which will include just over $110 million to be allocated in the region.

It was later announced that the deadline would be extended to June 2021, and that a proposed additional $500 million in new funding is being explored.

The RRRF is complementary to existing federal programs, you must first apply for other federal support measures such as the Canada Emergency Business Account benefit, the Wage Subsidy benefit and the Commercial Rent assistance for small businesses, among others.

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Large Employer Emergency Financing Facility (LEEFF)

The Government of Canada is offering bridge financing for big Canadian businesses across all sectors through the Large Employer Emergency Financing Facility (LEEFF). The following details are available:

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Support for Women Entrepreneurs

The Government of Canada has announced that it will provide $15 million in additional funding to support women entrepreneurs through the Women Entrepreneurship Strategy (WES). This money will go directly to select organizations that are currently WES Ecosystem Fund recipients and will help women entrepreneurs through the COVID-19 pandemic.

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Indigenous Business Loans

The Government of Canada will provide up to $306.8 million in interest-free loans and non-repayable contributions for First Nations, Inuit, and Métis businesses. This measure is part of the Government of Canada’s COVID-19 Economic Response Plan. Financial support will be provided through Aboriginal Financial Institutions and administered by the National Aboriginal Capital Corporations Association, as well as the Métis Capital Corporations in partnership with Indigenous Services Canada.

Up to $40,000 will be available to small and medium-sized Indigenous businesses hat are current or former clients of an Aboriginal Financial Institution:

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