Canadian Emergency Response Benefit: Temporary income support to workers who have stopped working and are without employment or self-employment income for reasons related to COVID-19. Available from March 15, 2020, to October 3, 2020. Apply no later than
December 2, 2020.
Canada Emergency Commercial Rent Assistance: Unsecured, forgivable loans to eligible commercial property owners to reduce the rent owed by their impacted small business tenants, and to meet operating expenses on commercial properties. Property owners must offer a minimum of 75% rent reduction for the months of April, May and June 2020.
Canadian Emergency Wage Subsidy: Federal government will provide a 75% wage subsidy to businesses for salaries paid since March 15.
Emergency Business Account: Part of the Economic Response Plan, these are interest-free loans of up to $40,000 to small businesses and not-for-profits, to help cover their operating costs during a period where revenues have been temporarily reduced.
Northern Business Relief Fund: Short-term support for ongoing operational costs to small- and medium-sized territorial businesses in the form of a non-repayable grant ranging from $2,500 to a maximum of $100,000. Funding will cover a maximum period of 4 months, retroactive to April 1, 2020.
Regional Relief and Recovery Fund: Nearly $1 billion in support to mitigate financial pressure experienced by businesses and organizations to allow them to continue their operations, including paying their employees; and to support projects by businesses, organizations and communities to prepare now for a successful recovery.