Karina Gould
Hon. Karina Gould
Member of Parliament for Burlington
Support for Businesses

Support for businesses

Avoiding layoffs, rehiring employees and creating new jobs

  • Canada Emergency Wage Subsidy (CEWS)

    We are covering up to 75% of an employee’s wages for qualifying eligible employers, with this subsidy rate in effect until March 13, 2021. The wage subsidy supports you to keep and re-hire your employees and avoid layoffs.

    The CEWS is available until June 2021.

    Apply for the CEWS

  • Extending the Work-Sharing program

    We have extended the maximum duration of the Work-Sharing program from 38 weeks to 76 weeks for employers affected by COVID-19. This measure will provide income support to employees eligible for Employment Insurance who agree to reduce their normal working hours because of developments beyond the control of their employers.

    Apply to the Work-Sharing program

  • Creating new jobs and opportunities for youth

    We are creating up to 120,000 job opportunities for students through the Canada Summer Jobs (CSJ) program.

    We also made temporary changes to the CSJ program to allow employers to:

    • a wage subsidy, so that private and public-sector employers can receive up to 75 percent of the provincial or territorial minimum hourly wage for each employee (not-for-profit organizations will continue to receive 100 percent);
    • an extension to the end date for employment to February 26, 2022; and
    • allowing employers to hire staff on a part-time basis.

    Apply to the Canada Summer Jobs program

Taxes and tariffs

  • Waiving tariffs on certain medical goods

    We are waiving tariffs on certain medical goods, including PPE such as masks and gloves.

    This will reduce the cost of imported PPE for Canadians, help protect workers, and ensure our supply chains can keep functioning well.

    Learn more about this tariff relief

Financial support, loans and access to credit

  • Canada Emergency Business Account (CEBA) interest-free loans

     

    The Canada Emergency Business Account (CEBA) provides interest-free, partially forgivable, loans of up to $60,000, to small businesses and not-for-profits, that have experienced diminished revenues due to COVID-19 but face ongoing non-deferrable costs, such as rent, utilities, insurance, taxes and wages.

    We have recently expanded CEBA to include an additional interest-free $20,000 loan, 50% of which would be forgivable if repaid by December 31, 2022.

    This means the additional loan effectively increases CEBA loans from the existing $40,000 to $60,000 for eligible businesses, of which a total of $20,000 will be forgiven if the balance of the loan is repaid by December 31, 2022.

    Business owners can apply for support until March 31, 2021 through their banks and credit unions.

    Learn more about the CEBA

  • Canada Emergency Rent Subsidy (CERS)

    The Canada Emergency Rent Subsidy (CERS) provides a direct and easy-to-access rent and mortgage subsidy of up to 65% of eligible expenses to qualifying businesses, charities and non-profits. The subsidy rates are in effect until December 19, 2020. This support is available directly to tenants.

    Lockdown Support

    Qualifying organizations that have been significantly restricted by a mandatory public health order issued by a qualifying public health authority can receive an additional 25% of rent support through the Lockdown Support.

    The combined effect of the rent subsidy and the Lockdown Support is that hard-hit businesses, non-profits and charities subject to a lockdown can receive rent support of up to 90%.

    The rent subsidy and the Lockdown Support are available until June 2021.

    Apply to the CERS

  • Loan Guarantee for Small and Medium-Sized Enterprises

    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.

    Learn more about the loan guarantee

  • Co-Lending Program for Small and Medium-Sized Enterprises

    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.

    Learn more about the Co-lending program

  • Regional Relief and Recovery Fund (RRRF)

    We are providing over $1.5 billion through the Regional Relief and Recovery Fund (RRRF) to help more businesses and organizations in sectors such as manufacturing, technology, tourism and others that are key to the regions and to local economies. This fund is specifically targeted to those that may require additional help to recover from the COVID-19 pandemic, but have been unable to access other support measures.

    Apply to the RRRF through your local Regional Development Agency

  • Canada United Small Business Relief Fund

    The Canada United Small Business Relief Fund provides relief grants of up to $5,000 to small businesses. The grant can be used for specific efforts: purchasing PPE, renovating physical spaces, or developing your website or e-commerce capabilities.

    Apply to the Canada United Small Business Relief Fund

  • Supporting Black business owners and entrepreneurs through the Black Entrepreneurship Loan Fund

    We are 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

  • Mid-Market Financing Program

    Through the Business Credit Availability Program, the Business Development Canada's (BDC) Mid-Market Financing Program will provide commercial loans ranging between $12.5 million and $60 million to medium-sized businesses whose credit needs exceed what is already available through the Business Credit Availability Program and other measures.

    BDC anticipates that qualifying companies will have annual revenues in excess of approximately $100 million.

    This support is available until June 2021.

    Learn more about the Mid-market Financing Program

  • Mid-Market Guarantee and Financing Program

    Through the Business Credit Availability Program, EDC’s Mid-Market Guarantee and Financing Program will bring liquidity to companies who tend to have revenues of between $50 million to $300 million, to sustain operations during this uncertain period. EDC will continue to work with Canadian financial institutions to guarantee 75 % of new operating credit and cash-flow loans – ranging in size from $16.75 million to a maximum of $80 million.

    These expanded guarantees are available to exporters, international investors and businesses that sell their products or services within Canada.

    Apply to the Mid-Market Guarantee and Financing Program

  • Large Employer Emergency Financing Facility (LEEFF)

    The Large Employer Emergency Financing Facility (LEEFF) provides 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 additional liquidity provided through LEEFF allows Canada’s largest businesses, their workers and their suppliers to remain active during this difficult time, and position them for a rapid economic recovery.

    This program is delivered by the Canada Development Investment Corporation, in cooperation with Innovation, Science and Economic Development Canada and the Department of Finance.

    Apply to the LEEF program

  • Additional support by sector

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 (EI).

    Apply to the Canada Recovery Benefit

  • 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 to the Canada Recovery Sickness Benefit

  • 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 to the Canada Recovery Caregiving Benefit

Indigenous businesses

  • Relief measures for Indigenous businesses

    We are 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.

    Learn more about this measure for Indigenous SME

  • Supporting business through the pandemic and into recovery

    We are 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.

    Apply to the Indigenous Community Business Fund

Indigenous peoples can also access all other benefits.

Find the support you need for your business

 
Constituency Office
Burlington Centre - Suite 209 (777 Guelph Line)
Burlington, Ontario
L7R 3N2

Telephone:
905-639-5757

Fax:
905-639-6031
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Office Hours
Mon: 9:30am to 4:30pm (By Appointment Only)
Tue: 9:30am to 4:30pm (By Appointment Only)
Wed: 9:30am to 4:30pm (By Appointment Only)
Thu: 9:30am to 4:30pm (By Appointment Only)
Fri: 9:30am to 4:30pm (By Appointment Only)
Sat: Closed
Sun: Closed

Hill Office
House of Commons
Ottawa, Ontario
K1A 0A6

Telephone:
613-995-0881

Fax:
613-995-1091
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