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.
Read MoreGrants of $10,000 to $30,000 are available to small and medium-sized businesses impacted by COVID-19, with an additional $5,000 to $15,000 available to eligible tourism-related businesses.
UPDATE: The application deadline has been extended to August 31, 2021, or until funds are fully committed, whichever comes first.
Businesses now only need to show a 30% revenue loss from March 2020 to now, when compared to the same one-month period in 2019.
If businesses need extra help gathering the right documents during the application stage, or support with translation or interpretation services, they can now get that help from a Small Business BC vetted professional service provider. This service will now be included in the up to $2,000 in additional government funding paid to the service provider.
Applications open October 26 for grants of up to $5,000 to cover costs of personal protective equipment, make physical modifications to business to meet health and safety requirements, and enhance digital/e-commerce capabilities.
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