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Federal Supports

LOANS AND GRANTS

| REGIONAL RELIEF & RECOVERY FUND (RRRF) |

Provides loans to businesses impacted by COVID-19 and are, in some cases, not eligible for federal funding programs.

  • Applications are assessed as they are received, with funding subject to availability.

  • Four loan options are available to qualifying businesses:

    • Businesses within the Community Futures network: Interest-free loans of up to $40,000, with up to $10,000 forgivable if repaid before December 31, 2022, to small- and medium- sized businesses and social enterprises in rural communities. Sole proprietorships, partnerships, corporations, social enterprises and similar organizations may qualify. Rural businesses requesting more than $40,000 should apply through Western Economic Diversification Canada

    • Businesses outside the Community Futures network: Interest-free loans of up to $60,000, with up to $20,000 forgivable if repaid before December 31, 2020. Sole proprietorships and not-for-profits are not eligible. Applicants who previously received RRRF funding must apply separately for the $20,000 expansion

    • Women-run businesses: Interest-free loans of up to $60,000, with up to $20,000 forgivable if repaid before December 31, 2020. Sole proprietorships, partnerships and corporations are eligible. Applicants who previously received RRRF funding must apply separately for the $20,000 expansion

    • Funding requests over $40,000Interest-free loans of up to $1 million, with no scheduled monthly repayments required until after December 31, 2022


Eligibility

Businesses affected by COVID-19 and, in some cases, are not eligible for other federal supports such as the Canada Emergency Business Account

| HIGHLY AFFECTED SECTORS CREDIT AVAILABILITY PROGRAM (HASCAP) |
| BUSINESS CREDIT AVAILABILITY PROGRAM |
| LARGE EMPLOYER FINANCING FACILITY (LEEFF) |
| STRATEGIC INNOVATION FUND |
| CANADA EMERGENCY BUSINESS ACCOUNT (CEBA) |

WAGE AND RENT SUPPORT

| CANADA EMERGENCY WAGE SUBSIDY (CEWS) |

A proposal has been made to continue the CEWS until October 2021, including possible changes to the rates as of claim period 20. Read the July 30 announcement and check back soon for details.

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Wage Subsidy has been extended to September 25, 2021. View: What the Changes are on Canada.ca

wage subsidy is available to employers that are experiencing a decline in revenue.

  • This helps businesses keep and return workers to the payroll

  • The subsidy amount varies depending on the scale of revenue decline

  • A top-up subsidy of up to an additional 25% is available to employers most adversely affected by COVID-19


Eligibility

Businesses and non-profits

Apply online for the Canada Emergency Wage Subsidy or call 1-833-966-2099 Monday to Friday, 9 a.m. to 9 p.m. local time) to speak with an agent.

Use the CEWS calculator to find out how much your wage subsidy may be.

The Canada Revenue Agency (CRA) launched the Canada Emergency Wage Subsidy Registry to identify which employers are using the wage subsidy to support jobs.

| CANADA EMERGENCY RENT SUBSIDY (CERS) |
| EMPLOYMENT INSURANCE (EI) WORK SHARING PROGRAM |