COVID-19 has impacted individuals and businesses all around the world.
Today we are breaking down essential support options for Canadian Businesses who are facing financial challenges during the COVID-19 crisis, including subsidies, wage programs, tax savings, and more.
As a result of COVID-19, Canadian entrepreneurs are facing unprecedented challenges in their businesses.
For the full list of resources, bookmark this page https://corporatecanuck.com/covid-19-financial-resources-for-canadian-businesses/
GOVERNMENT COVID-19 FINANCIAL PROGRAMS & LINKS
Main Government Economic Response Plan Page: https://www.canada.ca/en/department-finance/economic-response-plan.html
Canada Emergency Business Account (Interest Free $40,000 Loan): https://ceba-cuec.ca/
Business Credit Availability (Loans up to 6.25mil): https://www.canada.ca/en/department-finance/programs/financial-sector-policy/business-credit-availability-program.html
Canada Emergency Commercial Rent Assistance https://pm.gc.ca/en/news/news-releases/2020/04/24/prime-minister-announces-partnerships-provinces-and-territories (more info by Mid-May)
Canada Emergency Wage Subsidy (CEWS): https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-wage-subsidy.html
10% Emergency Wage Subsidy: https://www.canada.ca/en/revenue-agency/campaigns/covid-19-update/frequently-asked-questions-wage-subsidy-small-businesses.html
GST/HST Deferrals https://www.canada.ca/en/revenue-agency/campaigns/covid-19-update/frequently-asked-questions-gst-hst.html
Income Tax Deferrals https://www.canada.ca/en/revenue-agency/campaigns/covid-19-update/covid-19-filing-payment-dates.html
Regional Development Agencies https://www.ic.gc.ca/eic/site/icgc.nsf/eng/h_07662.html
Canada Emergency Response Benefit (CERB)- support for individuals (including self-employed) https://www.canada.ca/en/services/benefits/ei/cerb-application.html
OTHER USEFUL RESOURCES
Canada Federation of Independent Businesses (CFIB): https://www.cfib-fcei.ca/en/small-business-resources-dealing-covid-19
BDC (Business Development Bank of Canada) List of Supports for Canadian Businesses (including provincial programs & industry-specific resources): https://www.bdc.ca/en/documents/special-support/covid-19-supports-for-canadian-businesses.pdf
