Posts tagged Government of Canada - Business
Canada Emergency Rent Subsidy (CERS)

Canadian businesses, non-profit organizations, or charities who have seen a drop in revenue during the COVID-19 pandemic may be eligible for a subsidy to cover part of their commercial rent or property expenses, starting on September 27, 2020, until June 2021.

This subsidy will provide payments directly to qualifying renters and property owners, without requiring the participation of landlords.

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Canada Emergency Business Account (CEBA)

CEBA provides interest-free loans of up to $40,000 to small businesses and not-for-profits, to help cover their operating costs—such as rent, utilities and insurance—during a period where their revenues have been temporarily reduced. These loans are partially forgivable as repaying the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 25 percent (up to $10,000). Applicants now have until June 30, 2021 to apply for a $60,000 CEBA loan or the $20,000 expansion at their financial institution.

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Regional Relief and Recovery Fund (RRRF) - Interest-Free Repayable Contribution

Western Economic Diversification Canada (WD) provides eligible small and medium-sized enterprises (SMEs) with an interest-free repayable contribution of up to $60,000 to help alleviate financial hardship resulting from COVID-19 during the period of April 1, 2020 – March 31, 2021. The objective is to assist western Canadian SMEs that do not qualify for the Canadian Emergency Business Account (CEBA) program, or the "RRRF – Community Futures Stream." Application Deadline: June 30, 2021.

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Business Credit Availability Program (BCAP) | Business Development Bank of Canada (BDC)

Loans for Canadian small and medium-sized businesses to cover payroll and operating costs caused by the current economic situation. The Business Credit Availability Program BCAP is being extended through June 2021.

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Canadian Emergency Wage Subsidy (CEWS) Updates

Canadian employers who have seen a drop in revenue during the COVID-19 pandemic may be eligible for a subsidy to cover part of employee wages. This subsidy will enable businesses to re-hire workers, help prevent further job losses, and ease your business back into normal operations.

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