COVID-19 Business Funding Programs
VIEW CURRENTLY AVAILABLE PROVINCIAL & FEDERAL COVID-19 BUSINESS FUNDING SUPPORT PROGRAMS
The Government of Canada has a number of support programs to help businesses and individuals recover from the impacts of the COVID-19 pandemic.
- For the most up-to-date business support information, please visit Canada’s COVID-19 Economic Response Plan.
- For supports for individuals and families, please visit the Government of Canada’s COVID-19 website.
Download the Federal and Provincial Funding Programs Overview PDF
BLACK ENTREPRENEURSHIP LOAN FUND | Government of Canada
The program provides loans of up to $250,000 to Black business owners and entrepreneurs so they can grow their businesses and succeed now and into the future
Program Expiry: Program is ongoing until allocated funds have been used up
BUSINESS CREDIT AVAILABILITY PROGRAM (BCAP) | Government of Canada
A guaranteed credit program that provides businesses with up to $6.25 million to cover rent, payroll and other operating costs. Businesses can repay over 5 years and benefit from a 6 month principal payment postponement. Application is directly through financial institutions/banks.
Program Expiry: December 31, 2021
CANADA EMERGENCY RENT SUBSIDY (CERS) | Government of Canada
Supports businesses, charities and not-for-profits by subsidizing a percentage of their expenses, on a sliding scale, up to a maximum of 65% of eligible expenses. Businesses forced to temporarily shut down due to a Public Health order would receive an additional 25% on top of the 65%.
Program Expiry: Support is available until October 23, 2021. As a retroactive benefit, the deadline to apply varies according to the application period. Please visit the program website for full details.
CANADA EMERGENCY WAGE SUBSIDY (CEWS) | Government of Canada
A wage subsidy to cover part of a business’ employee wages. This subsidy will enable businesses to re-hire workers, help prevent further job losses, and ease back into normal operations. The subsidy rate is up to 75%.
Program Expiry: Support is available until October 23, 2021. As a retroactive benefit, the deadline to apply varies according to the application period. Please visit the program website for full details.
CANADA RECOVERY HIRING PROGRAM (CRHP) | Government of Canada
The program offsets a portion of the extra costs employers take on as they reopen, either by increasing wages or hours worked or hiring more staff. The Canada Recovery Hiring Program provides eligible employers with a subsidy of up to 50 per cent of incremental remuneration paid to eligible active employees between June 6, 2021, and November 20, 2021. Applications open on July 7, 2021.
Program Expiry: Support is available until November 20, 2021. As a retroactive benefit, the deadline to apply varies according to the application period. Please visit the program website for full details.
COVID-19 ENERGY ASSISTANCE PROGRAM | Ontario Government
The energy assistance program provides a one time, on-bill credit to eligible small business.
Program Expiry: When all Ontario Government funding ($31 Million) has been used
HIGHLY AFFECTED SECTORS CREDIT AVAILABILITY PROGRAM (HASCAP) | Government of Canada
Provides loans of up to $1 million to hard-hit businesses, such as hotels, restaurants and other businesses in the tourism and hospitality sectors. The program is available to all businesses that meet the eligibility criteria. Businesses must apply directly at their primary financial institution.
Program Expiry: December 31, 2021
TOURISM RELIEF FUND (TRF) | Government of Canada
Provides financial assistance to support tourism businesses and organizations to adapt their operations to meet public health requirements while investing in products and services to facilitate their future growth.
Program Expiry: Program ongoing until allocated funds are spent
Business Reopening Guidance & Safety Resources
The business reopening guidelines are set by the Ontario Government, which is currently following the ‘Roadmap to Reopen‘ framework. It is the responsibility of each business to ensure they are following the guidelines of the Ontario Government and York Region Public Health to protect the health and safety of their employees and customers. Additional COVID-19 resources including PPE supplier directories, in-store signage, etc. are available through these links:
- Resources to Prevent COVID-19 in the Workplace | Ontario Government
- Workplace PPE Supplier Directory | Ontario Government
- Preventing COVID-19 in the Workplace | Regional Municipality of York
- COVID-19 Vaccinations | Regional Municipality of York
York Region’s Economic Strategy team is committed to supporting our business community during this crisis. Should you need additional information please contact us.
COVID-19 York Region Business News
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From September 20-27, for every insurance quote completed the Allstate Foundation of Canada will donate $5 toward building homes in five Habitat for Humanity communities across Canada, up to a maximum donation amount of $50,000. These communities are in Southern Alberta, the Greater Toronto Area, Quebec, New Brunswick and Nova Scotia. -
“AuraPass is a patient-focused, easy-to-use industry solution to help Canada reopen safely,” said Dilian Stoyanov, CEO at Switch Health. “Using IBM Digital Health Pass, we are bringing data, technology, and expertise together to empower individuals to share their COVID-19 health credentials without the worry that their personal information is at risk.” -
EAIGLE’s Digital Vaccine Pass is a proof of vaccination platform that enables governments and organizations to verify vaccination status at scale. It empowers users to upload their proof of vaccination online or scan it on-site at EAIGLE’s wellness stations through a touchless and automated process.