Photo: Bill Walker
Bill Walker MPP Bruce-Grey-Owen Sound
COVID

Bill Walker MPP

COVID - Business



Canada Emergency Business Account (CEBA)

What You’ll Receive:
  • Provides interest-free loans of up to $60,000
To receive the grant, a small business must:
  • Business is registered with the CRA with an effective date of registration on or prior to March 1, 2020.
  • Has an active business chequing/operating account.
  • If borrower currently does not have a business chequing/operating account, they must create one at their primary financial institution before applying for CEBA.
  • Intends to continue to operate its business or to resume operations.

Learn More: Canada Emergency Business Account (CEBA) or call the CEBA Call Centre at 1-888-324-4201

Apply: Contact your financial institution to apply

 

Canada Emergency Rent Subsidy (CERS)

What You’ll Receive:
  • Provides easy-to-access rent and mortgage subsidy of up to 65% directly to tenants.
  • Qualifying organizations that have been significantly restricted by a mandatory public health order can receive an additional 25% of rent support.
To be eligible to receive the rent subsidy:
  • Are an eligible business, charity, or non-profit (eligible entity)
  • Experienced a drop in revenue
  • Have eligible expenses
And you must meet all four of the following criteria:
  • You had a CRA business number on September 27, 2020 OR;
  • You had a payroll account on March 15, 2020, or another person or partnership made payroll remittances on your behalf OR;
  • You purchased the business assets of another person or partnership who meets condition b above, and have made an election under the special asset acquisition rules OR;
  • You meet other prescribed conditions that might be introduced

Learn More: Canada Emergency Rent Subsidy (CERS)

Apply: Government of Canada

 

Regional Relief and Recovery Fund (RRRF)

What You’ll Receive:
  • Provides liquidity support for fixed operating costs to maintain regular operations. For businesses and organizations that are unable to access other federal relief measures, or require additional support.
Eligibility:
  • A Canadian or provincially-incorporated business, co-operative, partnership or an Indigenous-owned business with 1 to 499 full-time equivalent employees; OR
  • Organizations, including social enterprises, that are engaged in commercial activities as a significant portion of operations; OR
  • Chambers of commerce, business or sector associations and other economic development organizations that provide support to businesses.
That meet the following:
  • Facing funding pressures with fixed operating costs, as a result of the COVID-19 pandemic;
  • Have applied to other Government of Canada COVID-19 relief measures for which they are eligible
  • Were operational prior to March 15, 2020;
  • Are financially viable;
  • Plan to continue to operate or resume operations; and
  • Have an active business chequing/operating account.

Learn More: Regional Relief and Recovery Fund (RRRF)

Apply: Government of Canada

 

ADDITIONAL RESOURCES