Government of Canada – Coronavirus Disease (COVID-19) Resources

RECENTLY ADDED

Annual federal infrastructure funding for communities

  • On June 1st the Federal government announced that funding delivered through the federal Gas Tax Fund will be accelerated this year to help communities as quickly as possible while respecting public health guidelines.
  • $2.2 billion in annual federal infrastructure funding for communities will be delivered in one payment in June.
  • Early delivery of the full funding for 2020-21 will help communities quickly move forward with infrastructure projects that will improve our quality of life and help restart local economies.
  • Communities have flexibility to use the funding to meet their local needs. Projects could include access to high-speed broadband, improvements to water and road systems, and the building of cycling and walking paths. These projects create jobs, and improve how Canadians live, work, and play.

*Update* – $305 million Indigenous Community Support Fund – Click HERE

  • $75 million in new funding for Indigenous organizations providing services to Indigenous peoples in urban centres and off reserve.
  • This additional funding will support more community-based projects that address the critical needs of Indigenous populations during this crisis, including food security, mental health support services, and sanitation and protective equipment.
  • It could also help with other needs, such as support for Elders, transportation, and educational materials for Indigenous children and youth.
  • Funding for projects will start rolling out in the coming weeks.
  • $305 million for a new distinctions-based Indigenous Community Support Fund, to address immediate needs in First Nations, Inuit, and Métis Nation communities

Large Employer Emergency Financing Facility (LEEFF)Applications Open  – Click HERE

  • Purpose: to provide bridge financing to Canada’s largest employers, whose needs during the pandemic are not being met through conventional financing, in order to keep their operations going.
  • The LEEFF program will be open to large for-profit businesses with the exception of those in the financial sector – as well as certain not-for-profit businesses, such as airports, with annual revenues generally in the order of $300 million or higher.
  • To qualify, businesses must be looking for financing of $60 million or more and have significant operations or large numbers of employees in Canada, and must not be involved in any ongoing insolvency proceedings.
  • The objective of this support is to help protect Canadian jobs, help Canadian businesses weather the current economic downturn, and avoid bankruptcies of otherwise viable firms where possible.
  • This support will not be used to resolve insolvencies or restructure firms, nor will it provide financing to companies that otherwise have the capacity to manage through the crisis.
  • The government’s support for large employers through LEEFF will be delivered by a subsidiary of the Canada Development Investment Corporation (CDEV), in cooperation with Innovation, Science and Economic Development Canada (ISED) and the Department of Finance.
    • Additional information on the application process is available on the CDEV website.
  • Further details:
    • Protection of taxpayers and workers: Companies seeking support must demonstrate how they intend to preserve employment and maintain investment activities.
    • Recipients will need to commit to respect collective bargaining agreements and protect workers’ pensions.
    • The LEEFF program will require strict limits to dividends, share buy-backs, and executive pay.
    • In considering a company’s eligibility to assistance under the LEEFF program, an assessment may be made of its employment, tax, and economic activity in Canada, as well as its international organizational structure and financing arrangements.
    • The program will not be available to companies that have been convicted of tax evasion.
    • Recipient companies would be required to commit to publish annual climate-related disclosure reports consistent with the Financial Stability Board’s Task Force on Climate-related Financial Disclosures, including how their future operations will support environmental sustainability and national climate goals.
  • The government’s support for large companies through LEEFF will be delivered by the Canada Development Investment Corporation (CDEV), in cooperation with Innovation, Science and Economic Development Canada (ISED) and the Department of Finance.

May 19th (Update) – $40,000 Business Loans – Canada Emergency Business Account (CEBA)

  • As of May 19th, the eligibility criteria for the Canada Emergency Business Account (CEBA) has been expanded to include many owner-operated small businesses.
  • This extended measure will help small businesses protect the jobs that Canadians rely on.
  • Funding will be delivered in partnership with financial institutions.
  • More details, including the launch date for applications under the new criteria, will follow in the days to come. To qualify under the expanded eligibility criteria, applicants with payroll lower than $20,000 would need:
    • A business operating account at a participating financial institution
    • A Canada Revenue Agency business number, and to have filed a 2018 or 2019 tax return.
    • Eligible non-deferrable expenses between $40,000 and $1.5 million. Eligible non-deferrable expenses could include costs such as rent, property taxes, utilities, and insurance.
  • CEBA provides much needed credit for small businesses to pay for immediate operating costs such as payroll, rent, utilities, insurance, property tax, or debt service. It is 100 per cent funded by the Government of Canada.
  • Eligibility for the program has been expanded. The Canada Emergency Business Account (CEBA) will now be available to businesses which paid up to $1.5 million in total payroll in 2019 and operating as of March 1, 2020.
  • This includes smaller (i.e., micro) businesses and other eligible employers such as not-for-profits.
  • This new range will replace the previous payroll range of between $50,000 and $1 million and will help address the challenges faced by small businesses to cover non-deferrable operating costs.
  • Under CEBA, financial institutions will be able to provide interest-free credit facilities of up to $40,000 to eligible businesses.
  • If the loan is repaid by December 31, 2022, 25 per cent (up to $10,000) will be forgiven.
  • If the loan is not repaid by December 31, 2022, the remaining balance will be converted to a three-year term loan at 5 per cent interest.
  • Details:
    • Credit facilities of up to $40,000 for eligible businesses.
    • For Canadian employers with up to $1.5 million in total payroll in 2019.
    • 0% interest until Dec 31, 2022
    • $10,000 loan forgiveness is available provided outstanding balance is fully paid on or before Dec 31, 2022
    • For more details please visit: https://ceba-cuec.ca/
  • Small businesses and not-for-profits should contact their financial institution to apply for these loans.
  • Program will provide up to $25 billion to eligible financial institutions so they can provide interest-free loans to small businesses.
  • These loans – guaranteed and funded by the Government of Canada – will ensure that small businesses have access to capital.

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Seafood Stabilization Fund to help Canada’s fish and seafood processing sector & Support for Canada’s fish harvesters – Click HERE

  • Support for Canada’s fish harvesters
  • $469.4 million in new measures to support Canada’s fish harvesters, who are economically impacted by the pandemic but cannot access existing federal measures.
  • Additional details on these measures will be made available soon.
  • The Government of Canada will:
  • Launch the Fish Harvester Benefit, a program worth up to $267.6 million, to help provide income support for this year’s fishing seasons to eligible self-employed fish harvesters and sharespersons crew who cannot access the Canada Emergency Wage Subsidy.
  • Launch the Fish Harvester Grant, a program worth up to $201.8 million, to provide grants to help fish harvesters impacted by the COVID-19 pandemic, and who are ineligible for the Canada Emergency Business Account or equivalent measures.
  • Propose measures or changes to Employment Insurance (EI) that would allow self-employed fish harvesters and sharespersons to access EI benefits on the basis of insurable earnings from previous seasons (winter and summer claims).

Support for Agricultural Sector- Farm Credit Canada COVID-19 support program – Click HERE

  • Farm Credit Canada will receive support from the Government of Canada.
  • This will offer increased flexibility to farmers who face cashflow issues and to processors who are impacted by lost sales, helping them remain financially strong during this difficult time.
  • Effective immediately, FCC has put in place:
    • A deferral of principal and interest payments up to six months for existing loans; or
    • A deferral of principal payments up to 12 months
  • All eligible farmers who have an outstanding Advance Payments Program (APP) loan due on or before April 30 will receive a Stay of Default, allowing them an additional six months to repay the loan.
  • This important measure, which represents $173 million in deferred loans, will help keep more money in farmers’ pockets during these critical months.
  • More information is available by contacting a local office or the Customer Service Centre at 1-888-332-3301.

***UPDATE*** – $962 million for Small Business and Community Support Measures (rural businesses and communities)Now accepting applications for the Regional Relief and Recovery Fund (RRRF)

New COVID-19 stream for provincial infrastructure program – Click HERE

  • The Federal Government is setting aside up to 10 per cent of the $33.5 billion Investing in Canada program, which is delivered through agreements with each province and territory, as a COVID-19 fund to focus on responding to the pandemic.
  • The new stream will include greater flexibility, faster approvals and a bigger Federal Government share of the cost of projects.
  • Normally the Federal Government would cover one-third of the cost of municipal projects, and one-half of the cost of provincial projects. The COVID-19 program will bump the Federal Government’s share up to 80 per cent.
  • Projects may include retrofitting and upgrading municipal or provincial buildings, including making changes to encourage physical distancing or better hygiene practices to prevent the spread of the virus.
  • Health facilities, schools and recreational projects such as parks, trails, bike lanes or multi-use paths are also on the eligibility list, and projects must be completed before the end of the 2021 construction season.

Allowing temporary workers to get back to work quickly

  • The Federal Government is announcing, effective immediately, a new, temporary policy that will drastically reduce the time it takes for a temporary foreign worker to start a new job.
  • While this policy is in place, a worker who is already in Canada and has secured a new job offer, typically backed by a labour market test, can get approval to start working in their new job, even while their work permit application is being fully processed.
  • This will cut what can often take 10 weeks or more, down to 10 days or less.
  • There is no change to the role of the employer in the process for hiring foreign workers.
  • To be eligible, workers must:
    • Be in Canada with valid status
    • Have an employer-specific work permit or have been working under a work permit exemption
    • Have submitted an application for a new work permit with a valid job offer under either the Temporary Foreign Worker Program or the International Mobility Program
    • The work permit applicant must then submit a request to IRCC. The request will be reviewed within 10 days, and if approved, authorization for the worker to start working in their new job will be sent to them by email.
  • For more information please visit:

Canada Emergency Wage Subsidy (CEWS)  – NEW INFORMATION – Click HERE

Government provides tariff relief to importers of certain medical goods

  • The government is waiving tariffs on certain medical goods, including PPE such as masks and gloves.
    • A list of applicable goods can be found on the Canada Border Services Agency’s website
  • This will reduce the cost of imported PPE for Canadian businesses, which face tariffs of up to 18 per cent in some instances, help protect workers, and ensure our supply chains can keep functioning well.
  • This measure builds on other relief from tariffs and sales taxes—announced on March 16th, 2020—for goods imported for emergency use by, or on behalf of, certain health-related entities, including hospitals, first-response organizations and care homes.
  • Tariff relief for these goods will remain in place for as long as necessary to deal with the COVID-19 crisis.
  • This allows for the relief of customs duty for eligible goods which were imported on or after May 5, 2020. This relief can be claimed at the time of importation or within two years of the date of importation.

Supporting Canada’s farmers, food businesses, and food supply – Click HERE

  • The Government of Canada is taking steps to support the farmers and businesses who provide Canadians with the food they need to keep themselves and their families healthy.
  • The announcement made on May 5th includes an $252 million investment to support farmers, food businesses, and food processors and an additional $200 million in borrowing capacity for the sector.
  • The Government of Canada will provide targeted support to farmers, ranchers, agricultural producers, and food processors by:
    • Creating a $77.5 million Emergency Processing Fund to help food producers access more personal protective equipment (PPE), adapt to health protocols, automate or modernize their facilities, processes, and operations, and respond to emerging pressures from COVID-19 so they can better supply Canadians with food during this period.
    • Launching a national AgriRecovery initiative of up to $125 million in funding to help producers faced with additional costs incurred by COVID-19.
    • Announcing the intention to increase the Canadian Dairy Commission’s borrowing limit by $200 million to support costs associated with the temporary storage of cheese and butter to avoid food waste. iv. Launching a first-ever Surplus Food Purchase Program with an initial $50 million fund designed to help redistribute existing and unsold inventories, which could include products such as potatoes and poultry, to local food organizations who are serving vulnerable Canadians. v. Working with provinces and territories to increase interim payments from 50 per cent to 75 per cent through AgriStability, a federal, provincial and territorial program that supports producers who face significant revenue declines.
    • Working with provinces and territories to explore possibilities for expanding the AgriInsurance program to include labour shortages as an eligible risk for the horticulture sector. This work with provincial and territorial partners would insure against lost production due to an insufficient workforce, should producers be unable to find enough labour to harvest.
  • The enrollment deadline for the 2020 AgriStability program has been extended to July 3, 2020.

Support for students and new grads affected by COVID-19Legislation Passed May 1st

  • The Federal government has announced comprehensive support of nearly $9 billion for post-secondary students and recent graduates.
  • New measures include:
    • The Canada Emergency Student Benefit (CESB), which would provide support to students and new graduates who are not eligible for the Canada Emergency Response Benefit.
      • This benefit would provide $1,250 per month for eligible students or $2,000 per month for eligible students with dependents or disabilities. The benefit would be available from May to August 2020.
      • The target for applications being open for the CESB program is mid-May.
    • The new Canada Student Service Grant, which will help students gain valuable work experience and skills while they help their communities during the COVID‑19 pandemic. For students who choose to do national service and serve their communities, the new Canada Student Service Grant will provide up to $5,000 for their education in the fall. The Government of Canada will expand existing federal employment, skills development, and youth programming to create up to 116,000 jobs, placements, and other training opportunities to help students find employment and develop valuable skills this summer and over the coming months.
  • $40 million will be provided to Mitacs in order to create 5,000 new job placements.
  • The Business/Higher Education Roundtable will also create 5,000 to 10,000 new student placements.
  • To help students continue their studies in the fall, the Government will:
    • Double the Canada Student Grants for all eligible full-time students to up to $6,000 and up to $3,600 for part-time students in 2020-21. The Canada Student Grants for Students with Permanent Disabilities and Students with Dependents would also be doubled.
    • Broaden eligibility for student financial assistance by removing the expected student’s and spouse’s contributions in 2020-21.
    • Enhance the Canada Student Loans Program by raising the maximum weekly amount that can be provided to a student in 2020-21 from $210 to $350.
    • Increase existing distinctions-based support for First Nations, Inuit, and Métis Nation students pursuing post-secondary education by providing an additional $75.2 million in 2020-21.
    • Extend expiring federal graduate research scholarships and postdoctoral fellowships, and supplement existing federal research grants, to support students and post-doctoral fellows, by providing $291.6 million to the federal granting councils.
    • The government intends to enhance work opportunities for graduate students and post-doctoral fellows through the National Research Council of Canada.

Canada and international partners launch the Coronavirus Global Response – Click HERE

  • The Prime Minister, Justin Trudeau, today (May 4th) joined other global leaders to launch the Coronavirus Global Response.
  • This online pledging event aims to initially raise more than $8 billion (USD) to help researchers and innovators develop solutions to test, treat, and protect people, and to prevent the further spread of COVID-19.
  • The funds collected will be channeled into three principal strands: diagnostics, treatments, and vaccines. Funds may also be used to strengthen health systems.
  • To date, the Government of Canada has announced investments of over $850 million (CAD) that support this fundraising target. This includes funding to:
    • Mobilize Canadian researchers’ and life sciences companies’ coronavirus research and development of medical countermeasures;
    • Support accelerated vaccine development, including through the Coalition for Epidemic Preparedness Innovations and other partners;
    • Find a safe and effective treatment for COVID-19 through the World Health Organization (WHO) Solidarity Trial; Coordinate a COVID-19 viral and host genome sequencing effort across Canada;
    • Help provide COVID-19 diagnostic support to more than 20 partner countries; and
    • Create strategies to tackle misinformation, stigma, and fear.

Virtual care and mental health tools for Canadians

  • $240.5 million to develop, expand, and launch virtual care and mental health tools to support Canadians during the COIVD-19 pandemic.
  • A partnership between the Federal Government, Provinces, Territories, and stakeholders, this investment will be used to create digital platforms and applications, improve access to virtual mental health supports, and expand capacity to deliver health care virtually, including projects to reach vulnerable Canadians.
  • This investment will:
    • Help Canadians safely engage with their regular health providers and specialist health services through telephone, text, or video-conferencing;
    • Support access to mental health supports and reliable health information in a safe and secure manner, which will reduce the pressure on our health system;
    • Help governments, public health officials, hospitals, and health care facilities make evidence-based decisions;
    • Support Federal, Provincial, and Territorial initiatives in collaboration with innovators, health stakeholders, and organizations like Canada Health Infoway, to expand virtual health services to Canadians.
  • The investment will also support a growing family of digital tools to help support the physical and mental health and well-being of Canadians during COVID-19. These include:
    • Wellness Together Canada, an online portal dedicated to mental wellness and substance use support.
    • Canada COVID-19, a mobile app that features a symptom tracker, a self-assessment tool, trustworthy up-to-date information on COVID-19, as well as information on mental health and substance use support.
    • Get Updates on COVID-19, a web-based email service that provides subscribers with critical information related to the pandemic.

Business Development Bank of Canada (BDC) Oil and Gas Sector FinancingDeployment Strategy to be Finalized in Near Future

  • For Canadian-based oil and gas producers, oilfield service companies and midstream providers.
  • Funds to be used for operational cashflow and business continuity purposes.
  • Qualifying businesses must have been financially viable and in good standing prior to the current economic environment.
  • Loan size between $15 million and $60 million.
  • Offered at commercial rates, repayable within 4 years.
  • The deployment strategy for BDC’s Oil and Gas Sector Financing will be finalized shortly.
  • Please complete the following form to get an update once more information is available: https://www.bdc.ca/en/pages/special-support-form.aspx

BDC Capital Bridge Financing Program

  • Business Development Bank of Canada (BDC) and Venture Capital Co-investment in Canadian firms impacted by COVID-19
  • BDC Capital, BDC’s investment arm, has launched the BDC Capital Bridge Financing Program where they may match, with a convertible note, a current financing round being raised through qualified existing and/or new investors made into eligible Canadian start-ups.
  • The program is ideal for high potential companies who have venture capital investor syndicates that are willing to support them. BDC will invest alongside these groups.
  • This is not limited to BDC’s portfolio. All companies that meet the criteria are eligible to apply.
  • To be eligible, companies must:
    • Be Canadian, backed by a qualified venture capital firm,
    • Have raised at least $500,000 in external capital before applying for the program,
    • Be specifically impacted by Covid-19.
    • Any matching investment by BDC Capital will be further subject, notably, to satisfactory due diligence review by BDC, agreement on terms of the investment and approval by a BDC investment committee.
  • Interested companies should speak to their lead investor for details.
  • Venture capital firms looking to participate can contact BDC Capital at [email protected] to discuss their eligibility.

Principles for Restarting the Canadian Economy – Click HERE

  • As the first wave of the virus’ activity passes, Provincial and Territorial governments will move at their own pace to safely restore economic activity within their jurisdictions, while protecting the health of Canadians.
  • The Federal, Provincial, and Territorial governments have come together and agreed to a set of common principles for restarting the Canadian economy.
  • The statement released on April 28th identifies the criteria and measures that need to be in place in order to begin to take steps to restart the economy. These include:
    • COVID-19 transmission is controlled, so new cases are contained at a level that the health care system can manage.
    • Sufficient public health capacity is in place to test, trace, isolate, and control the spread of the virus.
    • Expanded health care capacity exists to support all needs, including COVID-19 and non-COVID-19 patients.
    • Supports are in place for vulnerable groups, communities, and key populations. This includes the protection of seniors, residents of group living facilities, workers in close quarters, homeless people, and Indigenous people and those living in remote locations, health care workers and other essential workers, and inmates.
    • Support and monitoring of workplace protocols are in place to keep Canadians safe at their jobs, and prevent the introduction and spread of COVID-19.
    • Restrictions on non-essential travel are eased and managed in a coordinated manner.
  • Communities are supported in managing local disease activity, including in child care, schools, and public transportation, and industry and economic sectors are engaged to support the health of Canadians, reduced viral activity, and protection of the economy as it restarts.

10% Wage Subsidy: Effective Immediately – Click HERE

  • To support businesses that are facing revenue losses and to help prevent lay-offs, the government is proposing to provide eligible employers a temporary wage subsidy for a period of three months.
  • Those organizations that do not qualify for the 75% Canada Emergency Wage Subsidy may continue to qualify for the 10% wage subsidy.
  • The 10% Temporary Wage Subsidy for Employers reduces the amount of income tax source deductions that employers have to remit to CRA on behalf of their employees by up to 10% of their remuneration (to a maximum of $1,375 per employee up to $25,000 per employer).
  • Many employers that qualify for the CEWS also qualify for the 10% Temporary Wage Subsidy for Employers.
  • CEWS and the 10% Temporary Wage Subsidy for Employers are intended to provide total support of up to 75% for payroll, not 75% + 10%.
  • If you did not reduce the source deductions you remitted to the CRA, but you were entitled to the 10% Temporary Wage Subsidy for Employers, the CRA will treat you as having over-remitted your employee source deductions (so that normally you will be entitled to a refund).
  • Eligible employers must have an existing business number and payroll program account with the CRA on March 18, 2020; and include:
    • individual (excluding trusts),
    • partnership (see notes in website below),
    • non-profit organization,
    • registered charity, or
    • Canadian-controlled private corporation (including a cooperative corporation) eligible for the small business deduction;
  • Firms do not need to apply for the subsidy and will be able to benefit immediately from this support by reducing their remittances of income tax withheld on their employees’ remuneration.

New Canadian Seafood Stabilization Fund to help Canada’s fish and seafood processing sector

  • $62.5 million of new assistance to the fish and seafood processing sector.
  • This new Canadian Seafood Stabilization Fund will help businesses:
    • Access short-term financing to pay for maintenance and inventory costs;
    • Add storage capacity for unsold product;
    • Comply with new health and safety measures for workers; iv. Support new manufacturing/automated technologies to improve productivity and quality of finished seafood products; and, v. Adapt products to respond to changing requirements and new market demands.
  • This investment will help ensure the resilience of the food system by allowing Canada’s fish and seafood processing sector to safely and efficiently process, store, package, and distribute healthy, high-quality products, sourced from our fish harvesters and aquaculture operators, onto the plates of Canadians.
  • The Canadian Seafood Stabilization Fund will be delivered through the Atlantic Canada Opportunities Agency, Canada Economic Development for Quebec Regions, and Western Economic Diversification Canada.
  • Further details on how and when processors can apply for assistance will be confirmed at a later date.

Small and Medium-sized Enterprise LoanNEW INFORMATION

  • Will enable up to $40 billion in lending, supported through Export Development Canada and Business Development Bank.
  • Intended for small and medium-sized companies that require greater help to meet their operational cash flow requirements.
  • The new Small and Medium-sized Enterprise Loan and Guarantee program will operate as follows:

New support for COVID-19 medical research and vaccine development

  • The Federal Government has announced more than $1 billion in support of a national medical research strategy to fight COVID-19 that includes vaccine development, the production of treatments, and tracking of the virus.
  • This new funding builds on the $275 million investment for coronavirus research and medical countermeasures announced in March.
  • Separately, the Government of Canada is providing over $675,000 through the Stem Cell Network to support two new research projects and one clinical trial.
  • For more information please visit HERE
  • The Government of Canada will invest in new medical countermeasures to better understand COVID-19, and develop the infrastructure needed to fight the virus here in Canada.
  • This includes:
    • The establishment of the COVID-19 Immunity Task Force. The task force will establish priorities and oversee the coordination of a series of country-wide blood test surveys that will tell us how widely the virus has spread in Canada and provide reliable estimates of potential immunity and vulnerabilities in Canadian populations.
    • $40 million for the Canadian COVID-19 Genomics Network (CanCOGeN), led by Genome Canada, to coordinate a COVID-19 viral and host genome sequencing effort across Canada.
    • $23 million for the Vaccine and Infectious Disease Organization-International Vaccine Centre (VIDO-InterVac) to accelerate development of a vaccine against COVID-19
    • $29 million for the National Research Council of Canada to begin the second phase of critical upgrades to its Human Health Therapeutics facility in Montréal.
    • $600 million, through the Strategic Innovation Fund, over two years to support COVID-19 vaccine and therapy clinical trials led by the private sector, and Canadian bio manufacturing opportunities.
    • $10 million for a Canadian data monitoring initiative so we can coordinate and share pandemic-related data across the country to enhance Canada’s response to COVID-19.
    • $10.3 million over two years, and $5 million ongoing, to support the Canadian Immunization Research Network in conducting vaccine-related research and clinical trials, and to enhance Canada’s capacity to monitor vaccine safety and effectiveness.
    • $114.9 million through the Canadian Institutes of Health Research for research projects that will accelerate the development, testing, and implementation of medical and social countermeasures to mitigate the rapid spread of COVID-19, as well as its social and health impacts.

Support for Entrepreneurs, Innovators and Small or Medium-Sized Businesses – NRC IRAP Innovation Assistance Program (IAP) and Futurpreneur Canada – Opens April 22 – Call for Applications closes on April 29th

  • The Federal government has committed an additional $250 million to The National Research Council of Canada’s Industrial Research Assistance Program (NRC IRAP) to support innovative, early-stage companies.
  • IRAP IAP provides a wage subsidy to eligible employers for up to 12 weeks (details on amount of subsidy not yet released).
  • Small or medium-sized businesses (SMEs) pursuing technology-driven innovation who have been unable to secure funding under the Canada Emergency Wage Subsidy (CEWS) are eligible and can apply for financial assistance under IRAP IAP.
  • The Innovation Assistance Program is available for Canadian SMEs that are already receiving IRAP support and new applicants.
  • The call for applications will close Wednesday, April 29, 2020 at 11:59 pm EDT.
  • To apply a company must meet the following criteria:
    • Be ineligible for the Canada Emergency Wage Subsidy
    • Be an incorporated, profit-oriented small or medium-sized business in Canada iii. Be a company with 500 or fewer full-time equivalent employees
    • Plan to pursue growth and profit by developing and commercializing innovative, technology-driven new or improved products, services or processes in Canada v. Lack sufficient financial resources to sustain operations during the COVID-19 downturn period
    • Have a Canada Revenue Agency business number vii. Be incorporated by no later than March 1, 2020
  • To apply:
    • If a firm meets all eligibility criteria listed above, please complete an application
    • The program will be accepting applications until April 29, 2020 at 11:59 pm EDT
    • Following the assessment and approval of applications, applicants will be notified in writing on the status of their application as early as the week of May 11, 2020
    • IAP will begin making payments to successful applicants starting the week of May 11, 2020
  • For more information please visit HERE
  • An additional $20.1 million has been announced in support for Futurpreneur Canada to continue to support young entrepreneurs across Canada who are facing challenges due to COVID-19.
  • Futurpreneur Canada is the only national non-profit organization that provides financing, mentoring and support tools to entrepreneurs aged 18-39
  • The funding will allow Futurpreneur Canada to provide payment relief for its clients for up to 12 months.
  • For more information please visit HERE

COVID-19 Program – Digital Technology Supercluster

  • The Digital Technology Supercluster is leading the development of solutions to some of the biggest issues created by COVID-19.
  • Through the COVID-19 Program, the Digital Technology Supercluster will invest up to $60 million to improve the health and safety of Canadians and Canada’s ability to address issues created by the COVID-19 outbreak.
  • The Digital Technology Supercluster will invest in projects that support the development, deployment, scale-up and adoption of products, services or technologies that help governments, communities, employers and individual Canadians address exceptional needs created by, and effects of, COVID-19.
  • The Program will focus on the following pressing areas of need:
    • Health System
    • Community Health
    • Diagnostics and Therapeutics
    • Emergency Response
  • Who is eligible to apply?
    • The Supercluster will invest in projects that align with the Areas of Focus described above, namely projects that will deliver digital technology solutions to improve the health and safety of Canadians and Canada’s ability to address the COVID-19 outbreak, as well as future health crises.
    • Any Member or Associate of the Supercluster may submit an idea for consideration.
    • A Project Proposal for the COVID-19 Program must be led by a Supercluster Member or Associate who will become a Member upon selection of the project.
    • Projects must have experienced and capable project management.
    • Collaboration is core to the Program. However, in some exceptional situations, the Supercluster may invest in single company initiatives. Potential partners and/or sub-contractors who will be involved in the execution of the project should be identified. The Supercluster will help organizations identify potential partners.
  • For more information please visit: https://www.digitalsupercluster.ca/new-covid-19-program/

Removing barriers for international students working in essential services to fight COVID-19

  • Starting immediately, the Government will remove the restriction that allows international students to work a maximum of 20 hours per week while classes are in session, provided they are working in an essential service or function, such as health care, critical infrastructure, or the supply of food or other critical goods.
  • International students and their employers should consult Public Safety and Emergency Preparedness Canada’s Guidance on Essential Services and Functions in Canada During the COVID-19 Outbreak to determine if the work the student is doing would allow them to work more than 20 hours per week during the academic session.
  • This temporary rule change will be in place until August 31, 2020.
  • Statistics Canada reported that in 2017–2018, more than 11,000 international students were enrolled in health-care programs at Canada’s universities and colleges, representing about 4% of health-care students at that time.

Support for students and new grads affected by COVID-19

  • The Federal government has announced comprehensive support of nearly $9 billion for post-secondary students and recent graduates.
  • As part of this initiative, the Government of Canada will introduce legislation to be considered by Parliament.
  • New measures include:
    • The proposed Canada Emergency Student Benefit, which would provide support to students and new graduates who are not eligible for the Canada Emergency Response Benefit. This benefit would provide $1,250 per month for eligible students or $1,750 per month for eligible students with dependents or disabilities. The benefit would be available from May to August 2020.
    • The new Canada Student Service Grant, which will help students gain valuable work experience and skills while they help their communities during the COVID‑19 pandemic. For students who choose to do national service and serve their communities, the new Canada Student Service Grant will provide up to $5,000 for their education in the fall.
    • The Government of Canada will expand existing federal employment, skills development, and youth programming to create up to 116,000 jobs, placements, and other training opportunities to help students find employment and develop valuable skills this summer and over the coming months.
  • $40 million will be provided to Mitacs in order to create 5,000 new job placements.
  • The Business/Higher Education Roundtable will also create 5,000 to 10,000 new student placements.
  • To help students continue their studies in the fall, the Government will: i
    • Double the Canada Student Grants for all eligible full-time students to up to $6,000 and up to $3,600 for part-time students in 2020-21. The Canada Student Grants for Students with Permanent Disabilities and Students with Dependents would also be doubled.
    • Broaden eligibility for student financial assistance by removing the expected student’s and spouse’s contributions in 2020-21.
    • Enhance the Canada Student Loans Program by raising the maximum weekly amount that can be provided to a student in 2020-21 from $210 to $350.
    • Increase existing distinctions-based support for First Nations, Inuit, and Métis Nation students pursuing post-secondary education by providing an additional $75.2 million in 2020-21.
    • Extend expiring federal graduate research scholarships and postdoctoral fellowships, and supplement existing federal research grants, to support students and post-doctoral fellows, by providing $291.6 million to the federal granting councils.
    • The government intends to enhance work opportunities for graduate students and post-doctoral fellows through the National Research Council of Canada.

Canada Emergency Wage Subsidy (CEWS) – NEW INFORMATION – Click HERE

Pandemic Info Share – Enabling businesses and organizations to share their pandemic-related good practices and resources

  • The Canadian Centre for Occupational Health and Safety (CCOHS) has provided an online space, Pandemic Info Share, to enable businesses and organizations to share their pandemic-related good practices and resources.
  • CCOHS hopes workplaces may find the information in the website helpful in developing their own plans and that it could help accelerate development and uptake of processes and resources that may help workplaces operate safely during this pandemic.
  • The website is available in English and French, and users can search by industry/sector, resource type, and topics.

Emergency Community Support Fund

  • Investment of $350 million to support vulnerable Canadians through charities and non-profit organizations that deliver essential services to those in need.
  • The Emergency Community Support Fund will provide funding to national intermediaries with networks across the country, including United Way Canada, the Canadian Red Cross, and the Community Foundations of Canada.
  • These partners will disburse funds to local community-based organizations working with vulnerable populations, including seniors, persons with disabilities, members of LGBTQ2 communities, veterans, newcomers, women, children and youth, and members of Indigenous communities and racialized communities, such as Black Canadians.

Support for Indigenous businesses – Click HERE

  • The Federal Government has announced up to $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 interest-free loans, as well as non-repayable contributions, to help Indigenous businesses unable to access the government’s existing COVID-19 support measures.
  • These supports will be granted through Aboriginal Financial Institutions, which offer financing and business support services to First Nations, Inuit, and Métis businesses.
  • Additional funding will help Aboriginal Financial Institutions cover operational expenses, and help the National Aboriginal Capital Corporations Association increase its operational capacity.
  • These measures will help 6,000 Indigenous-owned businesses get through these difficult times.
  • For more information please visit: https://nacca.ca/

Canada Emergency Commercial Rent Assistance (CECRA) for small businessesMore details to be released in near future

  • The program will seek to provide loans, including forgivable loans, to commercial property owners who in turn will lower or forgo the rent of small businesses for the months of April (retroactive), May, and June.
  • Implementation of the program will require a partnership between the federal government and provincial and territorial governments, which are responsible for property owner-tenant relationships.
  • Further details to be released in near future.

**Canada Emergency Response Benefit (CERB) – NEW INFORMATION
Full Details – CERB Changes as of April 15

Supporting construction workers and businesses with emergency action to help improve cash flow in the construction industry

  • The new emergency action will lift the suspension of limitation periods and procedural time periods under the Construction Act and allow the release of holdback payments to contractors and subcontractors.
  • This will help improve cash flow in the construction industry during the COVID-19 outbreak.
  • The Construction Act is intended to regulate how payments are made, to help ensure that workers who have provided services or materials during a construction project are paid for their work.

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$500 million dollars to Heritage Canada (arts, culture and sports sectors) – More Details Coming Soon

  • The Federal Government will provide $500 million dollars to Heritage Canada to support our artists, creators and our rising sports stars.
  • This funding will help receive individuals receive wage support and ensure organizations will have access to funding if they are experiencing liquidity problems.
  • Organizations eligible for funding would include industry non-profits, national sports organizations, television production houses, music associations and media organizations.
  • Funds would be administered by Canadian Heritage with the support of partners, such as the Canada Council for the Arts.
  • Canadian Heritage and its portfolio organizations play a vital role in the cultural, civic and economic life of Canadians.
  • Arts, culture and heritage represent more than $53 billion in the Canadian economy and close to 666,500 jobs in sectors such as film and video, broadcasting, music, publishing, archives, performing arts, heritage institutions, festivals and celebrations.

$962 million in new capital to Regional Development Agencies (RDAs) and Community Futures Network (small business services for rural communities) – More details to be release in the future 

  • $675 million will provide financing support to small and medium-sized businesses that are not eligible for the measures already announced or that have specific needs, through Canada’s Regional Development Agencies.
  • Canada’s Regional Development Agencies (RDA) work closely with businesses and innovators in their regions to fuel economic growth that creates more well-paying middle-class jobs for Canadians.
  • $287 million to support rural businesses and communities, including by providing them with much-needed access to capital through the Community Futures Program.
  • Community Futures operate s267 non-profit offices across Canada that provide small business services to people living in rural communities.
  • Each office delivers small business loans, tools, training and events for people wanting to start, expand, franchise or sell a business.
  • For more information regarding Canada’s Regional Development Agencies, please visit: https://www.ic.gc.ca/eic/site/icgc.nsf/eng/h_07662.html
  • For more information regarding Community Futures, please visit: https://www.cfontario.ca/

Canada Summer Jobs – Click HERE

  • Temporary changes announced to the Canada Summer Jobs program that will help employers hire summer staff and provide young Canadians access to the jobs they need during this unprecedented time.
  • The Canada Summer Jobs program provides opportunities for youth to develop and improve their skills within the not-for-profit, small business, and public sectors.
  • The Canada Summer Jobs call for applications for the 2020 season closed on February 28, 2020.
  • This program will help create up to 70,000 jobs for youth between 15 and 30 years of age.
  • The temporary changes to the program for this year include:
  1. An increase to the wage subsidy, so that private and public sector employers can also receive up to 100 per cent of the provincial or territorial minimum hourly wage for each employee
  2. An extension to the end date for employment to February 28, 2021
  3. Allowing employers to adapt their projects and job activities to support essential services Allowing employers to hire staff on a part-time basis
  • The changes to the Canada Summer Jobs program will help small businesses hire and keep the workers they need so they can continue to deliver essential services.

Challenge Stream COVID-19 – Click HERE

  • Innovative Solutions Canada has dedicated funding to help combat current and future outbreaks of the novel coronavirus (COVID-19) and other similar threats.
  • Our program will help support the Government of Canada’s fight against COVID-19 by funding R&D and testing prototypes in real-life settings that can help protect Canadians.

$50 million Ontario Together Fund:  Click HERE

  • The Ontario government is launching a new $50 million Ontario Together Fund to help businesses provide innovative solutions or retool their operations in order to manufacture essential medical supplies and equipment, including: i. Gowns
    1. Coveralls
    2. Masks& face shields
    3. testing equipment
    4. ventilators
  • This new Fund will support the development of proposals submitted by businesses through the Ontario Together web portal.
  • The government will be looking for the most viable, innovative proposals that can quickly provide critical goods and services and the greatest benefit to the people of Ontario.
  • The fund is time-limited and will be available to companies and organizations across the province.

WAGES

A new wage boost for essential workersFurther details to be released in near future

  • The Government of Canada will work with provinces and territories through a new transfer to cost-share a temporary top up to the salaries of low-income essential workers that the provinces and territories have deemed essential in the fight against COVID-19.
  • Through this new transfer, provinces and territories will be able to provide their low-income essential workers (those who earn less than $2,500 per month), with a top up.
  • Further details will be released in near future.

Canada Emergency Response Benefit (CERB) – Click HERE

  • The CERB supports Canadians by providing financial support to employed and self-employed Canadians who are directly affected by COVID-19
  • It provides a payment of $2,000 for a 4-week period (the same as $500 a week) for up to 16 weeks
  • After you apply, you should get your payment in 3 business days if you signed up for direct deposit. If you haven’t, you should get it in about 10 business days.

Emergency Wage Subsidy: Click HERE

    • To support businesses that are facing revenue losses and to help prevent lay-offs, the government is proposing to provide eligible employers a temporary wage subsidy.
    • FOR FULL DETAILS CLICK HERE

LOANS

Business Credit Availability Program (BCAP): Click HERE

  • The program will support financing through the Business Development Bank of Canada (BDC) and Export Development Canada (EDC).

o Under this program, BDC and EDC will enhance their cooperation with private sector lenders to coordinate financing and credit insurance solutions for Canadian businesses.

BDC link: Click HERE

EDC link: Click HERE

This program includes:

Canada Emergency Business Account: Click HERE

  • The Canada Emergency Business Account will allow for interest-free loans in the form of lines of credit up to $40,000 to businesses with payrolls of less than $1,000,000
  • Repaying the balance of the loan on or before December 31, 2022 will result in loan forgiveness of up to 25%.
  • This program will provide up to $25 Billion to eligible financial institutions to provide interest-free loans to small businesses.
  • Small businesses and not for profits are encouraged to contact their financial institution to apply for these loans.

Small and Medium-Sized Enterprise Loan: Click HERE

  • The Small and Medium-sized Enterprise Loan will enable up to $40 Billion in lending intended for small and medium-sized companies that require greater help to meet their operational cash flow requirements.
    • This program will offer guaranteed loans for small businesses when they visit their financial institutions to help weather the impacts of COVID-19.

TAXES

Deferral of all Goods and Services Tax/Harmonized Sales Tax & customs duties owed for imports

  • Allow businesses, including self-employed individuals, to defer all Goods and Services Tax/Harmonized Sales Tax (GST/HST) payments until June 2020, as well as customs duties owed for imports.
  • Equivalent of providing up to $30 billion in interest-free loans to Canadian businesses.
  • Generally, apply to remittances that become due in March, April, and May.
  • Amounts would normally have been due to the Canada Revenue Agency and the Canada Border Services Agency as early as the end of this month.

Deferral of Income Tax: Click HERE

  • Allows all businesses to defer, until September 1, 2020, the payment of any income tax amounts that become owing on or after March 18th and before September 2020.
  • This means you will not be assessed any penalties or interest if your balance due is paid by September 1, 2020.
  • The due date for filing individual tax returns has been extended to June 1, 2020.
  • Taxpayers will have until August 31, 2020 to pay any 2019 income tax amounts owed.
  • This relief would apply to tax balances due, as well as installments, under Part I of the Income Tax Act.
  • No interest or penalties will accumulate on these amounts during this period. This measure will result in businesses having more money available during this period.

WAGES

Small Businesses Wage Subsidy: Click HERE

  • To support businesses that are facing revenue losses and to help prevent lay-offs, the government is proposing to provide eligible small employers a temporary wage subsidy.
  • 75% wage subsidy for qualifying businesses, for up to 3 months, retroactive to March 15, 2020.
  • Previous wage subsidy (announced March 18th) was slated to be 10%

More details on eligibility criteria will start with the impact of COVID-19 on sales and will be shared before the end of the month.

WORK-SHARING PROGRAM: Click HERE

  • Support for Employers and Workers.
  • Work-Sharing is an adjustment program designed to help employers and employees avoid layoffs when there is a temporary reduction in the normal level of business activity that is beyond the control of the employer.
  • The measure provides income support to employees eligible for Employment Insurance benefits who work a temporarily reduced work week while their employer recovers.
  • 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.
  • Introduction of temporary special measures that extend the maximum duration of Work-Sharing agreements from 38 weeks to 76 weeks across Canada for those businesses affected by the downturn in business due to COVID-19 and for the forestry and steel and aluminum sector
  • https://www.canada.ca/en/employment-social-development/services/work-sharing.html
  • Temporary special measures for the forestry and steel and aluminum sector: https://www.canada.ca/en/employment-social-development/services/work-sharing/temporary-measures-forestry-sector.html