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  • Canada's COVID-19 Economic Response Plan

    Government Relief Programs to support Small Businesses during the Coronavirus pandemic

Discover the various relief programs being offered by the Canadian Government for the small busineses facing difficult times during the COVID-19 outbreak. CanadaStartups can help you find out which programs meet your particular needs, whether or not you qualify and how to apply.

Canada Emergency response Benefit (CERB)
The Canada Emergency Response Benefit will provide $2000 a month, for up to 4months for Canadians facing unemployment due to COVID19.
Any working person (including self-employed and contract workers) who has lost their income as a result of the COVID-19 Pandemic is elegible.
Canadians will be able to apply for the CERB beginning in early April.
Small Business Wage Subsidy

Canadian small business with sales that have been severely diminished by the coronavirus (COVID-19) will be able to apply for a wage subsidy of up to 75% for up to 3 months in order to help small business keep their employees or bring staff back to the payroll. Eligibility criteria for the coronavirus Small Business Wage Subsidy program will be available in early April.

Special GST Credit Payment

Low and modest-income families will be able to benefit from a one-time special payment of the Goods and Services Tax Credit (GST). The average single individual who qualifies for this credit will get a special payment of close to $400, while couples will receive close to $600 to offer support as a result of the COVID-19 pandemic.

Increasing Child Tax Benefit
The Canada Child Tax Benefit will be increased by $300 per child for 2019-20.
This amounts to an average of $550 more for the average family to help support them during the Covid-19 crisis. Families can begin receiving this benefit in May along with their scheduled Canada Child Benefit payment.
Extending the Work-Sharing program

In order to avoid layoffs related to COVID-19, employers can benefit from an extension to the Work-Sharing Program from 38 weeks to 76 weeks. The programs provide income support to employees who work a temporarily reduced work week while their employer recovers

Support for Farmers

Farmers facing cashflow issues and processors who are impacted by lost sales, h, to offer flexibility while helping them remain financially strong during COVID-19. An additional $5 billion in lending capacity will be extended to support producers, agribusinesses, and food processors.

Business Credit Availability Program

In addition to the above programs, the Business Credit Availability programs will inject $65 billion in support through the Business Development Bank of Canada (BDC) and Export Development Canada(EDC). This program aims to provide support to individual businesses during, including in sectors such as oil and gas, air transportation, exportation and tourism that have suffered as a result of COVID-19.

Canada Emergency Business Account
Small businesses and non-profits will be able to apply for interest-free loans of up to $40,000, to help cover operating costs while revenues are temporarily reduced due to COVID-19. In order to qualify, your business must have paid between $50,000 and $1 million in total payroll in 2019.
Loan Guarantee for Small and Medium-Sized Enterprises

Operating credit and cash flow term loans of up to $6.25 million will be available for small and business sized businesses for their cashflow needs.

Co-Lending Program for Small and Medium-Sized Enterprises

Eligible SMEs businesses may obtain incremental credit amounts of up to $6.25 million for their operational cashflow requirements, through co-lend term loans between BDC and various financial institutions.

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      Testimonials

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      "Take advantage of the government grants for hiring and hire the staff to help. You pay into takes each year so take advantage and benefit from the funding available" - Read my story
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      "Get your business plan done as the first step. Be sure that your plan clearly outlines your funding needs and your plan for success. Then apply for funding." - Read my story
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      "Funding is available but you have to know where to look, you have to have a business plan and if you have a proven model this is your best tool to use to get you the funding." - Read my story
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      "Well all I can say is if you need funding, look for it. Be active and proactive about it. Don't just sit on the idea that you need it but go and do it." - Read my story
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      "Having knowledge in your industry is what will keep you motivated, and having expert guidance along the way doesn't hurt one bit. We benefited from government funding greatly and it's all thanks to CanadaStartups.org." - Read my story
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      "Your business plan is very important to the success of your business. Everyone looks at this! Be sure to have your idea on paper and to show how you will make money." - Read my story
      2018 government funding barter system business
      2018 Government Funding Success Story Interview
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      "A business plan is the key to a successful business as well as the way to get government funding." - Read my story
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      Interview with a $75,485 Government Grant Recipient
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      "Perfect your business plan as it's in my option the number one thing small businesses need in order to attract and impress a funding agency." - Read my story
      cleaning company monitoring technology
      $17,500 Small Business Loan for Toronto Startup
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      "If you have a business idea, get a business plan made, don't waste time and start your funding search sooner rather then later." - Read my story
      Cleaning Business Hamilton, Ontario Success Story
      $32,750 Government Grant Helped Me Start My Business
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      "Giving up is easy. Anybody can do it. If you need funding for your business do what it takes to get it. Banks can say no, but the government can be an option. It was for us" - Read my story
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      "Just focus on what you are good at, don't waste your time researching, get help from experts who have already done the work, such as CanadaStartups" - Read my story
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      "Have a support team with you and always start with a business plan as it will be the guide for your business. A business plan will take you on the path of success" - Read my story
      Toronto Retailer Gets Government Loan
      $472,930 Low Interest Government Loan For Toronto Retailer
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      "Banks said no to due to my poor credit and business inexperience, but the government funding program had a different reaction to my well developed business plan" - Read my story
      doggy day care
      $21,315 Government Provided Loan For Doggy Day Care Business
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      "No matter your situation, if your plan is to start a small business - don't give up. Use tools and resources that are available all around you and don't be scare of a small investment" - Read my story
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      "Remember, funding programs have deadlines so be sure to apply on time and follow the requirements as outlined by each funding program. They act as a guide to applying successfully." - Read my story
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      Toronto eCommerce Business Gets $78,932 in Government Funding Support
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      "Don't give up. If you have an idea, go and do it. Create your business plan, go present you idea to investors/government agencies and get what you want." - Read my story
      Vancouver Software Developer Gets $12,390 in Private and Government Funding Support
      Vancouver Software Developer Gets $12,390 in Private and Government Funding Support
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      "The first step when you are looking for funding is to make sure you have a business plan. Because if you don't, every single funding program will refuse you" - Read my story

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