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Government and institution measures in response to COVID-19.

Government and institution measures in response to COVID-19.

Return to homepage  |  Last updated: 18 November, 2020

General Information

Canada has announced financial and tax measures in response to COVID-19. In addition to extending certain tax filing and payment deadlines, Canada will provide a variety of financial measures for Canadian individuals and businesses affected by the COVID-19 outbreak.

The economic stimulus packages announced are highly focused on immediate needs and Canadian individuals.

As of September 22, 2020 the announced measures to support individuals and businesses included approximately $325B in support to ensure Canadians can pay for essentials and support Canadian businesses.

Tax measures – Direct and Indirect

(e.g. payment deferrals, rate reductions…)

Click here to see a comprehensive summary of jurisdictional tax measures and government reliefs in response to COVID-19.

Employment-related measures

(e.g. state compensation schemes, training…)

Nationwide

Canada Emergency Wage Subsidy (CEWS) subsidy

For information regarding the CEWS, please refer to Tax section

Temporary Wage Subsidy (TWS) 10% subsidy

For information regarding the TWS, please refer to Tax section

Temporary Relief for Certain Pension Plan Contributions

For information regarding temporary relief for certain pension plan contributions, please refer to Tax section

Canada Emergency Response Benefit (CERB)

For information regarding the CERB and interaction with EI and supplementary unemployment benefits, please refer to Tax section

Canada Recovery Benefit (CRB)

For information regarding the CRB please refer to Tax section and referenced KPMG publications.

Canada Recovery Sickness Benefit (CRSB)

For information regarding the CRSB please refer to Tax section and referenced KPMG publications.

Canada Recovery Caregiving Benefit (CRCB)

For information regarding the CRCB please refer to Tax section and referenced KPMG publications

Employment Insurance Work Sharing Program

This program provides EI benefits to eligible employees who agree to reduce their normal working hours and to share the available work due to new circumstances beyond their employer’s control. This program is designed to help eligible employers avoid layoffs during certain temporary reductions in business activity, such as the COVID-19 outbreak. To qualify, employers must generally:

  • Have been in business in Canada year-round for at least one year
  • Be a private business, publicly-held company or a not-for-profit organization
  • Demonstrate that the shortage of work is temporary and beyond their control
  • Demonstrate a recent decrease in business activity of at least 10% to 60%
  • Submit and implement a recovery plan designed to return the Work-Sharing individuals to normal working hours by the end of the program.

The program must be a minimum of six weeks. The program allows employers to temporarily reduce an employee’s work schedule between a minimum of 10% (one half day) and a maximum of 60% (three days), for the duration of the program. In any given week, the work reduction can vary depending on available work, as long as the work reduction on average is between 10%-60% for the duration of the program.

This program is modified so to:

  • increase the eligibility period for shared work agreements to 76 weeks (the duration of the program was recently increased from a maximum of 38 weeks as a result of COVID-19)
  • waive the mandatory waiting period between agreements
  • relax the eligibility requirements, and
  • simplify the application process.
  • The special measures will be in force from March 15, 2020 until March 14, 2021
  • Eligible employees must agree to reduce their normal working hours and share the available work. Eligibility extended to public corporations and not-for-profit employers

How to benefit

  • Employers must submit the applications for Work-Sharing Agreement and Work-Sharing Unit forms.
  • A tripartite agreement between the employer, employee and Service Canada must be concluded.
  • The applicant must identify the form relevant to his/her situation by consulting Section E of the Applicant Guide.
  • Prior to COVID-19, employers were required to send their Work-Sharing request (and supporting documentation) 30 business days before the requested start date.
  • Employers are now asked to submit their application 10 business days before the requested start date.
  • The streamlined measures taken by Service Canada will strive to reduce the processing time to 10 business days. 

Temporary income support for workers

Improved access to Employment Insurance Sickness Benefit

To assist Canadians affected by COVID-19 and quarantined, Service Canada is improving access to the Employment Insurance Sickness Benefit:

  • Waiving the one-week waiting period for those individuals in imposed quarantine that claim Employment Insurance (EI) sickness benefits. This temporary measure has been in effect since March 15, 2020
  • Waiving the requirement to provide a medical certificate to access EI sickness benefits
  • Claimants who cannot complete their claim due to quarantine may apply later and have their EI claim backdated to cover the period of delay
  • Providing priority EI application processing for EI sickness claims for people under quarantine.

Supplemental unemployment benefits

  • Employers may also take action to top up an employee’s EI Benefits. Specifically, employers may establish a Supplementary Unemployment Benefit (SUB) plan period of unemployment due to a temporary layoff. Employers considering this plan should register a qualifying SUB plan with Service Canada, or else the benefit will be treated as income, and any EI benefits received may be reduced

Temporary layoffs — Employer obligations 

  • Employers may choose at this time to temporarily lay off employees and cease compensation, where allowed under relevant provincial legislation. In this case, the employer and employee treat the employment relationship as ongoing, despite this interruption of the employee’s services, with the understanding the employee may resume working, in an equivalent position and on the same terms, in the future. Employers considering this course of action should consult legal counsel and  remember that the rules in this area can vary significantly by province, including what constitutes a temporary layoff, how long such layoffs can last, and whether employers must provide advance notice before placing the employee on temporary layoff. 
  • Generally, layoff periods are unpaid, unless otherwise provided under an employment agreement, company policy or collective agreement. However, employees may qualify for Employment Insurance under new eligibility criteria put in place by the federal government for COVID-19. Employers should seek legal advice to determine the obligations they must comply with for their own particular situation when considering whether to place employees on a temporary layoff
  • Another important consideration in this area is that many provinces have different legal requirements that apply to group/mass termination. In some cases, these rules can also apply to temporary layoffs.
  • Employees laid off after September 30, 2020, will not be part of the temporary lay-off program. 

Leave related to COVID-19

Employees working in a federally regulated workplace are entitled to up to 2 weeks of job-protected unpaid leave. This can be taken as many times as necessary, if one of the following situations apply:

  • have contracted or might have contracted COVID-19
  • have underlying conditions, are undergoing treatments or have contracted other sicknesses that, in the opinion of a medical practitioner, nurse practitioner, person in authority, government or public health authority, would make you more susceptible to COVID-19, or
  • Has self-isolated on the advice of an employer, a medical practitioner, nurse practitioner, person in authority, government or public health authority for reasons related to COVID-19

Employees working in a federally regulated workplace are entitled to up to 26 weeks of job-protected unpaid leave. This can be taken as many times as necessary, if one of the following situations apply:

  • The employee must care for a child, who is under 12, because:
  • their school or other facility (example daycare) is, for reasons related to COVID‑19, closed, open only at certain times or open only for certain children
  • they cannot attend school or other facility as they contracted or might have contracted COVID-19
  • they cannot attend school or other facility as the child is in isolation on the advice of a medical practitioner, nurse practitioner, person in authority, government or public health authority for reasons related to COVID-19
  • they cannot attend school or other facility as the child would, in the opinion of a medical practitioner or nurse practitioner, be at risk of having serious health complications if the child contracted COVID-19, or
  • they cannot attend school or other facility as the person who usually cares for the child is not available for reasons related to the COVID-19
  • The employee must provide care to a family member who requires supervised care because:
    • their day program is, for reasons related to COVID-19, unavailable or available only at certain times or for certain persons, or the facility is closed or open only at certain times or for certain persons
    • the family member contracted or might have contracted COVID-19
    • they cannot attend their day program or facility as they are in isolation on the advice of their employer, a medical practitioner, nurse practitioner, person in authority, government or public health authority for reasons related to COVID-19
    • they cannot attend their day program or facility as they, in the opinion of a medical practitioner or nurse practitioner, are at risk of having serious health complications if they contracted COVID-19, or
    • the care services that are normally provided to the family member at their place of residence are not available for reasons related to COVID-19

In response to the COVID-19 emergency, as a temporary measure, employees are not required to provide a medical certificate to take medical leave.

Quebec

Temporary Aid for Workers Program (TAWPCOVID-19) – END OF MEASURE

  • The program offered financial assistance to meet the needs of workers who, because they were in isolation to counter the propagation of COVID-19, couldn’t earn all of their work income and were not eligible for another financial assistance program.
  • To prevent program duplication and given that the Canada Emergency Response Benefit (CERB) is available to the majority of workers eligible for the PATT, the program was ended on April 10, 2020.

Incentive Program to Retain Essential Workers (IPREW)

  • The Program will provide a benefit of C$100 per week for low-income employees working full-time or part-time in essential service sectors.
  • The benefit will be paid retroactively to March 15 for a maximum of 16 weeks.
  • Applications accepted until November 17, 2020.

British Columbia

  • A new B.C. Emergency Benefit for Workers will provide a C$1,000 payment (tax free benefit) to British Columbians whose ability to work is affected by pandemic
  • A one-time enhancement to the climate action tax credit will be paid in July 2020 for moderate to low-income families
  • Employers must excuse workers for sickness without requiring a doctor’s note
  • Defers to ‘Employment Standards’ on taking unexpected time off work & “WorkSafeBC” resources for workers
  • Employees can take unpaid, job-protected leave due to covid-19
  • Overall funding:
  • C$2.8B will go to individuals
  • C$2.2B will go to small business

Alberta

Job-protected leave

  • Changes to the Employment Standards Code will allow full and part-time employees to take 14 days of job-protected leave if they are: (i) required to self-isolate (ii) caring for a child or dependent adult that is required to self-isolate (iii) This leave covers the 14-day self-isolation period recommended by Alberta’s chief medical officer.

Vacation pay, leave or banked overtime

  • Employers and employees may consider using other available leaves should an employee be required to self-isolate. Employees can request using their vacation pay or banked overtime, but employers are not required to grant the request.

WCB Premiums Deferral and Partial Waiver for Small and Medium Businesses

  • All private sector employers will have their 2020 WCB premiums deferred to early 2021, effectively for one year. For small and medium businesses, the government will cover 50% of their 2020 premium when due.
  • Large employers will also receive a break by having their 2020 WCB premium payments deferred until 2021, at which time their premiums will be due.

Saskatchewan

In addition to changes made to changes to the Saskatchewan Employment Act that introduced a new unpaid public health emergency leave and removed the 13-week employment requirement to access sick leave and the requirement for a doctor’s note to access sick leave, The Employment Standard Regulations have been amended to:

  • Ensure that during a public emergency, businesses will not have to provide notice or pay in lieu of notice when they lay-off staff if it is for a period of 12 weeks or less in a 16-week period.
  • And if an employer lays off employees periodically for a total of more than 12 weeks in a 16-week period, the employees are considered to be terminated and are entitled to pay instead of notice as outlined in the Act. This will be calculated from the date on which the employee was laid off.

Saskatchewan Employment Supplement (SES)

SES provides assistance to families with lower-incomes who have children. It is a monthly payment that supplements income from a job, farming, self-employment, or from child or spousal support. The amount of the supplement is based on:

  • number of children under the age of 13 in your family; and
  • amount of your household income

Self-Isolation Support Program

This program offers financial assistance for Saskatchewan workers who are in self-isolation to counter the spread of the COVID-19 virus, and who cannot earn all of their work income and who are not eligible for another financial assistance program prior to the Canada Emergency Response Benefit, which came into effect in April 2020. Support of $450 per week, for a maximum of two weeks, or $900 total, will be granted to an eligible Saskatchewan worker.

Deferral of WCB Premium Payments

The Saskatchewan Workers’ Compensation Board (WCB) is introducing additional relief measures for employers who are unable to pay their WCB premium payments. Effective April 1 until June 30, 2020, the WCB will waive penalties and interest charges for late premium payments.

Ontario

Employment Ontario

  • C$100M via Employment Ontario for those that lost their jobs (skills training)
  • Ontario is investing up to C$304M to enhance the province's response to COVID-19 by providing the following: (i) C$50M to further protect frontline workers, first responders and patients by increasing the supply of personal protective equipment and other critical supplies and equipment to protect them, and (ii) C$25M to support frontline workers working in COVID-19 assessment centers, including the creation of a new fund to provide respite care, child care services and other supports as they are needed.

Ontario Tool Grant

  • On May 22, 2020, the Government of Ontario announced an “Ontario Tool Grant” to help new eligible apprentices purchase the equipment they need to start their careers. The funding amounts will be distributed as follows:
  • C$1,000 for those in motive power sector trades,
  • C$600 for those in construction and industrial sector trades, and
  • C$400 for those in service sector trades.
  • To be eligible for the grant, apprentices must have completed level 1 training on or after April 1, 2020, have an active registered training agreement, and have been registered as an apprentice for at least 12 months.
  • The Government of Ontario is also forgiving more than C$10M in outstanding loans owed by apprentices for tool purchases made at the beginning of their careers through the Loan for Tools Program.

New Brunswick

Job protection for workers

  • Legislative and regulatory amendments will be introduced to provide job protection for workers who must take a leave of absence due to COVID-19. It will allow an unpaid leave of up to 15 weeks to New Brunswickers who have COVID-19 or are caring for someone with the virus.
  • To support the province’s economy, keep workers employed, and help businesses continue to operate, a total of $50M in assistance is being made available.

Prince Edward Island

Employee Gift Card Program

  • The Province of Prince Edward Island has put additional supports in place to help Islanders who are facing economic hardships because of COVID-19.
  • The Province has partnered with Sobeys Inc. to provide gift cards to Islanders who have been laid off as a direct result of the pandemic. The cost of the program is being shared by Sobeys and the provincial government.
  • The Employee Gift Card Program is a temporary program put in place to offer a C$100 Sobeys gift card to any employee, living and working on Prince Edward Island, who has received a lay-off notice as a direct result of the impacts associated with COVID-19. The application form is to be completed by the employer, who will then distribute the cards to affected employees.
  • To be eligible, the employer must:
    • have issued lay-off notice(s) to 1 or more employee(s) as a result of COVID-19, between the dates of March 13-31, 2020; and
    • have affected employees with a salary of $25/hour or less.

Emergency Contingency Fund

  • C$25M Emergency Contingency Fund to support Island workers, including the self-employed, and small businesses who are affected by COVID-19
  • Increased the fund size by C$15M, bringing the total funding to C$40M in anticipation of the increasing needs of Islanders affected by COVID-19

Support essential workers

  • On May 7, 2020, the Government of Prince Edward Island announced C$16.7M COVID-19 Incentive to Support Essential Workers. This temporary wage top-up program is for Island workers employed by any business or organization, including for-profit, non-profit or other entity providing essential services, as defined by the Prince Edward Island Chief Public Health Office.
  • Essential workers who have been working through the pandemic and make less than $3,000 per four-week period will receive a one-time payment of $1,000 through their employers.

Manitoba

WCB Payment Deferral

  • The Workers Compensation Board of Manitoba (WCB) announced that it will extend the payroll reporting deadline and defer premium payments until the end of May. In addition, the WCB will not charge business interest and/or penalties for non-payment until October.
  • Businesses that are expecting to see a dramatic change in their payroll compared to what they initially reported to the WCB earlier this year can submit a revised 2020 estimate to the WCB and this year’s premium will be adjusted accordingly.

Workers Compensation Board Surplus Return and additional supports

  • On April 21, 2020, the Workers Compensation Board of Manitoba announced that it is returning a C$37M surplus to eligible employers in the province to provide financial relief
  • The Workers Compensation Board of Manitoba will also defer premium payments until the end of May, not charge business interest and/or penalties for non-payment until October, extend the payroll-reporting deadline until the end of May and ensure that coverage remains active for accounts that choose to defer payments until the end of October
  • In May, eligible employers will receive a credit to their account based on 20% of their 2019 premium. To be eligible to receive the surplus, employers must have fulfilled their payroll reporting responsibilities for 2019 and paid a WCB premium in 2019. Employers can still report their 2019 payroll to receive the surplus distribution

Nova Scotia

Worker Emergency Bridge Fund

  • $20M fund to help the self-employed and those laid-off workers who do not qualify for Employment Insurance. Government will provide a one-time, C$1,000 payment, to bridge the gap between layoffs and closures and the federal government’s Canada Emergency Response Benefit.

Economic stimulus measures

(e.g. loans, moratorium on debt repayments…)

Large Employer Emergency Financing Facility

To help protect Canadian middle class jobs, and safeguard our economy, Canada will:

  • Establish a Large Employer Emergency Financing Facility (LEEFF) to provide bridge financing to Canada’s largest employers, whose needs during the pandemic are not being met through conventional financing, in order to keep their operations going. The objective of this support is to help protect Canadian jobs, help Canadian businesses weather the current economic downturn, and avoid bankruptcies of otherwise viable firms where possible. This support will not be used to resolve insolvencies or restructure firms, nor will it provide financing to companies that otherwise have the capacity to manage through the crisis. The additional liquidity provided through LEEFF will allow Canada’s largest businesses and their suppliers to remain active during this difficult time, and position them for a rapid economic recovery.
  • Use key guiding principles in providing support through the LEEFF, including:
  • Protection of taxpayers and workers: Companies seeking support must demonstrate how they intend to preserve employment and maintain investment activities. Recipients will need to commit to respect collective bargaining agreements and protect workers’ pensions. The LEEFF program will require strict limits to dividends, share buy-backs, and executive pay. In considering a company’s eligibility to assistance under the LEEFF program, an assessment may be made of its employment, tax, and economic activity in Canada, as well as its international organizational structure and financing arrangements. The program will not be available to companies that have been convicted of tax evasion. In addition, recipient companies would be required to commit to publish annual climate-related disclosure reports consistent with the Financial Stability Board’s Task Force on Climate-related Financial Disclosures, including how their future operations will support environmental sustainability and national climate goals.
  • Fairness: To ensure support across the Canadian economy, the financing is intended to be applicable to all eligible sectors in a consistent manner.
  • Timeliness: To ensure timely support, the LEEFF program will apply a standard set of economic terms and conditions.
  • Expand the Business Credit Availability Program (BCAP) to mid-sized companies with larger financing needs. Support for mid-market businesses will include loans of up to $60 million per company, and guarantees of up to $80 million. Through the BCAP, Export Development Canada (EDC) and the Business Development Bank of Canada (BDC) will work with private sector lenders to support access to capital for Canadian businesses in all sectors and regions.
  • Continue to provide financing to businesses through Farm Credit Canada, the BDC, and EDC, including through the Canada Account. This will ensure the government is able to respond to a wide range of financing needs, including for some large employers facing higher risks, with stricter terms in order to adequately protect taxpayers.
  • These measures are part of the Government of Canada’s COVID-19 Economic Response Plan, which has helped protect Canadian jobs, and committed billions in support to Canadians and businesses facing hardship as a result of the pandemic. This includes an extension on the Canada Emergency Wage Subsidy, which allows businesses to keep workers on the payroll. The government will continue to monitor and respond to the wide-ranging impacts of COVID-19, and take additional actions as needed to protect the health and safety of Canadians and stabilize the economy

On October 28, the Bank of Canada highlighted that it plans of keeping the interest rate at 0.25% until the inflation gets back to 2% and stays there. 

Business Development Canada (BDC) now offers the following support for entrepreneurs:

  • Small Business Loan of up to C$100 000 can be obtained online in 48 hours from time of approval;
  • Working capital loan to bridge cash flow gaps and support everyday operations;
  • Purchase Order Financing to increase cash flow to fulfil domestic or international orders with very flexible terms

Increasing credit

  • As announced on 13 March, a new Business Credit Availability Program will provide more than C$10B of additional support to businesses experiencing cash flow challenges through the Business Development Bank of Canada and Export Development Canada. The Government is ready to provide more capital through these financial Crown corporations;
  • This $10B was further increased to C$40B, and it was noted that both organizations will partner with banks in providing loans of up to C$6.25M to help SMEs continue to function

Launch of an Insured Mortgage Purchase Program

  • In order to purchase up to C$150B of insured mortgage pools through the Canada Mortgage and Housing Corporation (CMHC) the Government will enable these measures by raising CMHC’s legislative limits to guarantee securities and insure mortgages by C$150B each.
  • The six largest financial institutions in Canada have made a commitment to work with personal and small business banking customers on a case-by-case basis to provide flexible solutions to help them manage through challenges, such as pay disruption due to COVID-19, childcare disruption due to school or day care closures, or those suffering from COVID-19. As a first step, this support will include up to a six-month payment deferral for mortgages, and the opportunity for relief on other credit products.

Canada Emergency Business Account (CEBA)

  • Interest-free loans of up to $40,000 to help cover operating costs during a period where revenues have been temporarily reduced due to the COVID-19 pandemic for small businesses and not-for-profits. Businesses operating through personal bank accounts can also apply. The support is being expanded from $40,000 to $60,000.
  • Up to $20,000 loan forgiveness by repaying the loan on or before December 31, 2022
  • Principal payments can be made at your pace, without fees or penalties, by December 31, 2022
  • If the loan cannot be repaid by December 31, 2022, it can be converted into a 3-year term loan with an interest rate of 5%

BDC Co-lending Program

  • Between C$1M and C$12.5M for cashflow needs, including regularly scheduled principal and interest payments on existing debt
  • Postpone principal payments for up to 12 months if you need additional breathing room. Available until or before June 2021

BDC Working capital financing

  • Working capital loans of up to C$2M with flexible flexible terms and payment postponements for up to 12 months for qualifying businesses;

BDC Mid-Market Financing Program (Merged with Oil and Gas Sector Financing)

  • Junior loans for medium-sized businesses particularly impacted by the COVID-19 pandemic and/or the recent decline in oil and gas prices
  • For medium-sized businesses with annual revenues in excess of about C$100M to $500M, from any sector or industry
  • Loans ranging between C$12.5M and C$60M each, available until or before June 2021. These loans are provided jointly by BDC and your primary financial institution
  • Spanning on four years, after which principal is to be repaid as a balloon payment. Interest payments for the first 12 months will be capitalized and due at maturity.

EDC

Changes to bank loan guarantees (Export Guarantee Program and International Expansion Loan Program –for listed financial institutions);

Offered in conjunction with our partner financial institutions, EDC’s Export Guarantee Program offers a payment guarantee to your financial institution, making it more inclined to provide you with additional cash. In the short term, we can:

  • Provide a six-month payment extension period to our new and existing clients for guarantee fees.
  • Simplify our enrollment procedures to provide cash flow support quickly.
  • Increase our credit capacity in the market by easing our general appetite for credit.

Under the Business Credit Availability Program (BCAP), EDC provides your financial institution with a guarantee on a client’s one-year operating loan or one-year term loan. This guarantee provides incremental emergency liquidity to Canadian companies affected by the COVID-19 crisis, allowing them to pay their employees and cover their operating expenses in the short term. The key elements of this new program are:

  • Up to C$6.25M to help cover operating costs during a period where revenues have been temporarily reduced due to the COVID-19 pandemic for Canadian small and medium-sized businesses
  • Repay over 5 years and benefit from 6 months principal payment postponement.
  • A program based on the same principles as the Export Guarantee Program, but with a greater appetite for risk and targeting SMEs.
  • An 80% guarantee given to your financial institution on the underlying credit facility.
  • A streamlined process that builds on the underwriting and due diligence processes of EDC-approved partner financial institutions to ensure that SMEs have a quick access to working capital.
  • The possibility of a six-month deferral for the payment of guarantee fees (payable to EDC).

Changes to our trade finance guarantees (Account Performance Security Guarantee and Foreign Exchange Facility Guarantee) in our bonding products:

EDC’s trade financing solutions eliminate the need for collateral, helping businesses to free up their working capital. In the short term, we can:

  • Enhance support by 25% (limit for high-activity period) offered under the Account Performance Security Guarantee for up to US$5M in capacity;
  • Simplify our enrollment procedures so that we can meet the needs of businesses during this difficult time and benefit from our increased appetite for risk;
  • Reduce the rate for our Foreign Exchange Facility Guarantee by 30% and defer payment for six months.

Changes to the credit insurance solutions:

In the short term, the EDC is making changes to its insurance solutions (Portfolio Credit Insurance and Select Credit Insurance) to help businesses with temporary cash flow issues. Here is how:

  • When assessing claims for new buyers, they are willing to take more risks than in the past.
  • More flexible when the buyer’s solvency has deteriorated.
  • Plan to make premium payments more flexible, either by deferring or adjusting fixed payments.
  • For the next three months elimination of the time limit for claims under the export policy, which will allow companies to submit a claim and receive a payment earlier than under normal policy conditions.

Only for Select Credit Insurance and eligible companies:

  • EDC is increasing our maximum coverage so that it will insure buyer limits of up to C$1M (an increase of C$500,000). We are currently updating our systems to integrate this change.
  • For the next 90 days, EDC will cover losses for goods shipped even if the purchaser has not accepted the goods in question (subject to policy conditions, including a dispute with the purchaser).
  • Waiving the waiting period for all claims received until December 31, 2020 temporarily.

Canada Emergency Commercial Rent Assistance for small businesses (CECRA) - CLOSED

The federal government reached an agreement in principle with all provinces and territories to implement the Canada Emergency Commercial Rent Assistance (CECRA) for small businesses. This program lowered rent by 75% for small businesses that have been affected by COVID-19. The application process for CRCRA has been closed.

Additional details

  • The Canada Mortgage and Housing Corporation administered and delivered the CECRA, a collaboration between the federal government and provincial and territorial governments, which are responsible for property owner-tenant relationships.
  • Provinces and territories agreed to cost share total costs and facilitate implementation of the program. They will cost share up to 25% of costs, subject to terms of agreements with the federal government.
  • It was expected that CECRA was operational by mid-May, with commercial property owners lowering the rents of their small business tenants payable for the months of April and May, retroactively, and for June. The financial assistance provided by CECRA for small businesses is forgivable as of December 31, 2020.

Canada Emergency Rent Subsidy

For information regarding the Canada Emergency Rent Subsidy please refer to Tax section and referenced KPMG publications.

Lockdown Support Subsidy

For information regarding the Lockdown Support Subsidy please refer to Tax section and referenced KPMG publications.

Small and Medium-sized Enterprise Loan and Guarantee program

  • The Development Bank of Canada (BDC), Canada’s bank for entrepreneurs, and Export Development Canada (EDC), Canada’s export credit agency, have launched the new Small and Medium-sized Enterprise Loan and Guarantee program, which will make available up to C$40B in additional lending.
  • The new Small and Medium-sized Enterprise Loan and Guarantee program will operate as follows:
    • Small and medium-sized businesses can get support through a new co-lending program that will bring together the BDC and financial institutions to co-lend term loans to these businesses for their operational cash flow requirements. Eligible businesses may obtain additional credit: 80% of which would be provided by BDC, with the remaining 20% by their financial institution. The program is designed in three segments to target support to different business sizes: Loans of (1) up to $312,500 to businesses with revenues of less than $1M; (2) up to $3.125M for businesses with revenues between $1M and C$50M, and (3) up to $6.25M for businesses with revenues in excess of $50M. Loans would be interest bearing for the first 12 months only, with a 10-year repayment period.
    • EDC will also provide funding to financial institutions so that they can issue new operating credit and cash flow term loans of up to $6.25M to small and medium-sized businesses, as a result of a new national mandate enhancing EDC’s role in supporting Canadian businesses through the COVID-19 crisis. These loans will be 80% guaranteed by EDC, to be repaid within one year.
    • The program will help Canadian financial institutions provide credit and liquidity options that various businesses need immediately, funded by BDC and EDC.
    • To access these loans, entrepreneurs must contact their main financial institution, which will assess their situation and provide funding accordingly.
    • Eligible companies could obtain up to $12.5M through these two loan options.

Supporting Financial Market Liquidity

The Government is launching an Insured Mortgage Purchase Program (IMPP). Under this program, the government will purchase up to $50B of insured mortgage pools through the Canada Mortgage and Housing Corporation (CMHC).

This represents a $100B increase over the $50B announced on March 16, 2020. This measure will provide stable funding to banks and mortgage lenders and support continued lending to Canadian businesses and consumers.

Financial institutions to provide 6-month payment deferral for mortgages & opportunity for relief on other credit products. Canada Mortgage & Housing Corporation (CMHC) permitting lenders to allow payment deferral, loan re-amortization & special payment arrangements. Office of Superintendent of Financial Institutions (OSFI) immediately lowering Domestic Stability Buffer by 1.25% of risk-weighted assets allowing banks to inject $300B into economy.

Insurance of mortgage pools through CMHC up to $50B. 

Farm Credit Canada

Farm Credit Canada will receive an additional $5B in lending capacity to producers, agribusiness, and food processors. Eligible farmers who have an outstanding Advance Payments Program (APP) loan will also receive a Stay of Default (6-month moratorium). Applicable farmers who have existing interest-free loans outstanding will have opportunity to apply for additional $100K portion for 2020-2021 (if advances remain under $1M cap).

For producers, agribusinesses and food processing industry:

  • Deferral of capital and interest payments for a maximum of six months for existing loans or deferral of capital payments for a maximum of 12 months;
  • Access to an additional line of credit of up to $500,000, guaranteed by a general security contract or universal mortgage (in Quebec only).
  • Term loans of up to $2.5M, with no fees. An 18-month interest-only option is available as well as a 10-year amortization period.
  • These funds can be used for working capital needs and to modify production due to the repercussions of COVID-19.

Aviation

  • The government will waive rent payments from March 2020 to December 2020 for the 21 airport authorities that pay rent to the federal government.
  • This measure will provide a maximum relief of $331.4M due to payments made during the same period in 2018.

Partnership with Canadian industries to fight COVID-19 ($2B):

Canadian businesses and manufacturers are stepping up to fight the COVID-19 pandemic. The Government of Canada is working with these companies to ensure our health care workers have the tools they need to care for Canadians across the country. The Federal government has partnered with over 3,000 Canadian companies to support the need for diagnostic testing, ventilators and protective personal equipment.

Government of Canada provides relief to the Broadcasting sector:

  • The Canadian Radio-television and Telecommunications Commission (CRTC) will not issue letters requesting payment for Part 1 license fees by broadcasters for the 2020-21 fiscal year. The government will transfer necessary funds to the CRTC to support its operations.
  • Waiving these regulatory charges for broadcasters provides immediate financial relief for the broadcasting industry, freeing up more than $30M in cash

BDC Venture Capital

BDC Capital, has launched the BDC Capital Bridge Financing Program under which it will make investments, in the form of convertible notes, equivalent to those committed by existing vendors or new qualified investors in the context of ongoing financing round in favor of an eligible business.

  • To be eligible, companies must be Canadian, backed by a qualified venture capital firm, have raised at least $500,000 in external capital before applying for the program, and be specifically impacted by COVID-19.
  • Any investment by BDC Capital will be subject to, in particular, due diligence to the satisfaction of BDC, agreement on terms of the investment and approval by a BDC Investment Committee.
  • This is not limited to BDC’s portfolio. All companies that meet the criteria are eligible to apply. Interested companies should speak to their lead investor for details.

Farm Credit Canada

For producers, agribusinesses and food processing industry:

  • Deferral of capital and interest payments for a maximum of six months for existing loans or deferral of capital payments for a maximum of 12 months;
  • Access to an additional line of credit of up to $500,000, guaranteed by a general security contract or universal mortgage (in Quebec only).

Regional Relief and Recovery Fund (RRRF)

The Regional Relief and Recovery Fund (RRRF) of $962M will help to mitigate the cash flow issues experienced by businesses and organizations and to support businesses, organizations and communities in achieving successful recovery. This initiative is implemented by the six (6) RDAs of Canada.

This initiative includes two (2) components:

  • $675M to support regional economies, businesses, organizations and communities in regions all across Canada;
  • $287M to support the national network of Community Futures Development Corporations, which will specifically target small businesses and rural communities across the country.

Support for the arts, culture and sports sectors

  • A financing of $500M through the creation of the COVID-19 Emergency Support Fund to help address the financial needs of affected organizations within the sectors of culture, heritage and sports.
  • Further details regarding the programs offered in this support fund of $500M will be announced shortly.

Support for young entrepreneurs

  • A financing of $20.1M in support for Futurpreneur Canada to continue supporting young entrepreneurs across Canada who are facing challenges due to COVID-19. The funding will allow Futurpreneur Canada to provide payment relief for its clients for up to 12 months.

Support for the energy sector

  • $1.72B: Funding to the governments of Alberta, Saskatchewan, and British Columbia, and the Alberta Orphan Well Association, to clean up orphan and/or inactive oil and gas wells. This measure will help to create thousands of jobs and achieve lasting environmental benefits.
  • $750M: New proposed Emissions Reduction Fund to reduce emissions in Canada’s oil and gas sector, with a focus on methane. This fund will provide primarily repayable contributions to conventional and offshore oil and gas firms in order to support their investments to reduce greenhouse gas emissions. Of this amount, $75M will be allocated to the offshore sector.

Support for Seniors

In April, the Government of Canada introduced measures to support seniors. As a result, an investment of $1.3B was made in a one-time special payment through the Goods and Services Tax (GST) credit. More than 4M seniors benefited from this top-up, which gave an average of $375 for single seniors and $510 for senior couples. The federal government also invested in community organizations that provide practical services to Canadian seniors, including the delivery of groceries and medications.

As of May 12, 2020, the government announcement a series of additional measures to help Canadian seniors and provide them with greater financial security during the crisis:

  • Providing additional financial support of $2.5B for a one-time tax-free payment of $300 for seniors eligible for the Old Age Security (OAS) pension, with an additional $200 for seniors eligible for the Guaranteed Income Supplement (GIS). This measure would give a total of $500 to individuals who are eligible to receive both the OAS and the GIS, and will help them cover increased costs caused by COVID-19.
  • Expanding the New Horizons for Seniors Program with an additional investment of $20M to support organizations that offer community-based projects that reduce isolation, improve the quality of life of seniors, and help them maintain a social support network.
  • Temporarily extending GIS and Allowance payments if seniors’ 2019 income information has not been assessed. This will ensure that the most vulnerable seniors continue to receive their benefits when they need them the most. To avoid an interruption in benefits, seniors are encouraged to submit their 2019 income information as soon as possible and no later than by October 1, 2020.

Alberta

  • The Government of Alberta has enacted a $13B comprehensive response to protect the safety, security and economic interests of Albertans amidst the ongoing COVID-19 outbreak

Credit availability:

  • Small business loans, mortgages or lines of credit through ATB will be able to apply for payment deferrals for up to 6 months and access additional working capital

Manitoba

  • Manitoba Budget increased the government’s emergency expenditures contingency fund to $100M from $43.8M.
  • Manitoba also noted it has identified $500M in planned expenditures that could be deferred or redeployed if required.
  • Manitoba Budget 2020 released March 19, 2020, contained a supplement providing information to Manitobans regarding measures within the Budget that serve as the foundation for the government’s fiscal response to the fast-evolving public health and economic challenges posed by the Coronavirus disease(COVID-19), which the World Health Organization (WHO) declared a pandemic on March 11, 2020.
  • Manitoba’s Rainy Day Fund is currently funded to $571M. As a key part of the Province’s fiscal response to COVID-19, the balance will grow to $800M before the end of this month, and to $872M by the end of the 2020/21 fiscal year.
  • The Manitoba Bridge Grant will provide an immediate one-time payment of $5,000 to small and medium-sized businesses, not-for-profit and charitable organizations that were directly ordered to temporarily cease operations or close their publicly-accessible physical locations by public-health orders in effect on November 12, 2020. The new Manitoba Bridge Grant application portal will be available on November 16, 2020, with applications due by December 15, 2020.

Quebec

Canada Economic Development (CED) for Quebec Regions

If you are an existing CED client and are affected by the current situation:

  • Effective April 1st, CED will apply a three-month moratorium on all amounts owing to CED;
  • You may also be eligible for additional funding and flexibility in your arrangements;
  • Each case will be assessed individually as the situation evolves to determine if additional support is required.
  • If you are not an CED client and are affected by the current situation:
  • CED may provide you with advice and guidance on other federal programs and services available to you;
  • You may have access to federal funding to help you maintain your operations.

Outstanding loans and guarantees:

  • Loan flexibility measures already provided by Investissement Québec can be implemented. This is not an automatic measure such as the loans made by the BDC. A request must therefore be made specifically to benefit from the flexibility measures;
  • Local investment funds (Fonds locaux d’investissement, or “FLI”): a three (3) month moratorium was introduced for the repayment (principal and interest) of loans already granted. Two-year extension of the FLI, i.e. until December 31, 2022.
  • Interest earned during this period will be added to the loan balance. This is in addition to the moratorium already in place under most of the investment policies in force in the RCMs, which can reach twelve months.

Program for Maintaining Employment (PACME-COVID-19)

  • The program provides a 100% reimbursement for eligible expenses incurred, for example, professional trainer fees, equipment purchase, and human resources management activities.
  • Eligible businesses have had their usual activities suspended, reduced, increased or diversified as a result of the COVID-19 pandemic.

Concerted Action Program for Maintaining Employment (PACME-COVID-19)

  • The program provides a 100% reimbursement for eligible expenses incurred, for example, professional trainer fees, equipment purchase, and human resources management activities.
  • Eligible businesses have had their usual activities suspended, reduced, increased or diversified as a result of the COVID-19 pandemic.
  • The PACME reimburses 100% of eligible expenditures of $100,000 or less and 50% of expenses between $100,000 and $500,000.

Eligible expenses include:

  • reimbursement of wages (excluding payroll taxes, maximum allowable salary of $25 per hour), up to:
  • 25% of the payroll of workers during eligible training, if the company receives Canada’s emergency wage subsidy of 75%;
  • 90% of the payroll of workers during eligible training, if the company receives Canada’s temporary wage subsidy of 10%;
  • 100% of workers’ wages  during eligible training, if the company does not receive any federal wage subsidy.
  • reimbursement of up to 100% of eligible training expenses, related costs and costs related to human resources management activities, according to the applicable scales (e.g. professional fees).

Caisse de dépôt et placement du Québec

  • This funding program is targeted at companies whose cash flow is affected by the impact of COVID-19.
  • $4 billion to support Quebec businesses temporarily affected by the crisis:
  • This support is intended to complement various initiatives announced by other financial institutions, Quebec institutional investors and the governments of Quebec and Canada.

Eligibility criteria

  • Available to all Quebec businesses (whether they are already clients or not);
  • Profitable business before the COVID-19 crisis;
  • Firm with promising growth prospects in their sector and seeking more than $5M in financing.

Close relations with financial institutions

  • The Government recommends that companies first contact their financial institutions. The link will then be made with the regional offices of Investissement Québec, which will deploy all its resources to the PACTE program.

Emergency assistance for small and medium-sized businesses

  • This is in addition to the Concerted temporary action program for businesses (PACTE).
  • To help businesses, the he Government of Quebec is making available an initial amount of $150 million to the RCMs and territories. The cities of Montreal and Quebec will each receive $40 million and $10 million respectively, of the allocated $150 million. The other RCMs and equivalent territories will share the remaining $100 million.
  • Businesses in all industries, including cooperatives, not-for-profit organizations and social economy enterprises engaged in business activities, will be able to obtain a loan or loan guarantee of up to $50,000 to address the liquidity shortfall due to COVID-19.

Support for innovation projects

  • Program to support businesses and business combinations at the various stages of an innovation project to help build their capacity for innovation.
  • Eligible projects are innovation projects of product or process, from the planning stage to the pre-marketing stage (technological showcase).
  • For each of the projects, the financial assistance granted to applicants takes the form of a non-refundable contribution.

Concerted temporary action program for businesses (included in the ESSOR program):

On March 19, 2020, the Premier of Quebec François Legault and the Minister of Economic Development, Innovation and Export Trade, Pierre Fitzgibbon, announced Quebec’s plan action plan for businesses valued at over $2.5B for this program. This $2.5B is not a firm limit and that if greater needs arise, the Government of Quebec will respond.

This funding program is targeted at companies whose cash flow is affected by the impact of COVID-19.

  • This financial assistance is available to businesses operating in Québec, including cooperatives and other social economy enterprises with commercial activities. Eligible businesses are those that find themselves in a precarious situation and temporary difficulty as a result of COVID-19. They must show that their financial structure offers realistic prospects for profitability.

Eligible Projects:

Businesses must show that their cash flow issues are temporary and that the liquidity shortage stems from:

  • A problem involving the supply of raw materials or products (goods or services)
  • An inability, or a substantially decreased ability, to deliver goods, products or services
  • Applications will be reviewed on a case-by-case basis, according to the business’s circumstances and Investissement Québec’s management practices.

Funding details:

  • A loan guarantee is the preferred form of financing. Financing can also take the form of a loan from Investissement Québec.
  • Barring exceptions, businesses in all industries are eligible to this program.

All industries are eligible, except for the following:

  • (i) Weapons manufacturing or distribution;(ii) Games of chance and gambling, combat sports, racing and other similar activities; (iii) Production and sale of tobacco and drugs along with services related to their use, except for projects involving pharmaceutical-grade products approved by Health Canada and having a DIN, or their ingredients, as well as R&D projects licensed by Health Canada; (iv) Any activity whose main purpose is protected by the Canadian Charter of Rights and Freedoms (religion, politics, human rights advocacy, etc.); (v) any other activity that may offend public morals.
  • Investissement Québec aims to work in close cooperation with financial institutions and federal authorities in order to share risk: (i) The minimum funding amount is $50,000; (ii) Refinancing is prohibited; (iii)This measure is designed to shore up the business’s working capital.

How it works:

Existing IQ clients: contact the account manager by email or telephone.

Non-client businesses: to obtain a loan guarantee, contact the financial institution, which will then be able to contact one of the IQ account managers.

Economie et Innovation Quebec

Support for innovation projects

  • Program to support businesses and business combinations at the various stages of an innovation project to help build their capacity for innovation.
  • Eligible projects are innovation projects of product or process, from the planning stage to the pre-marketing stage (technological showcase).
  • For each of the projects, the financial assistance granted to applicants takes the form of a non-refundable contribution.
  • To take advantage of this measure, the business must demonstrate that the innovation project meets the criteria established by the ministry.
  • For ongoing financial assistance requests, the financial assistance rates and accrual rates are determined by the program.

FTQ

  • The Fund provides all businesses in its portfolio with a six (6) month carryover of payments related to loans, capital and interest included.
  • This measure aims to relieve in the short term the financial pressures of the companies in its network, which includes the FTQ Regional Solidarity Funds.

Fondaction

On March 13, 2020, Fondaction announced that the payment of loans, capital and interest, for all businesses directly financed by Fondaction, would be deferred for a period of three (3) months starting from the date of announcement.

Newfoundland & Labrador

  • Provide long-term borrowing authority of $2 billion. This will allow for ongoing government operations, as well as the ability to respond to current revenue volatility.
  • The deferral of more than $6 million in fees to help ease some of the operational pressures facing businesses and free-up cash flow in these uncertain times.

New Brunswick

Working capital for medium-sized to large employers

  • The province will provide working capital of more than $200,000 to help medium-sized to large employers manage the effects of COVID-19 on their operations. Businesses can apply directly to Opportunities NB for this support.

Working capital for small businesses

  • Small business owners will be eligible for loans up to $200,000. They will not be required to pay principal on their loan for up to 12 months.

Prince Edward Island

General funding announced

  • Establishing a $25 million COVID-19 Emergency Contingency Fund

Business financial support

  • Deferring all scheduled loan payments for clients of Finance PEI, Island Investment Development Inc., and the PEI Century Fund for the next 3 months;
  • Suspending repayments for provincial student loans for the next six months; and;
  • Emergency Relief Worker Assistance Program a temporary allowance of $200 per week for anyone who has experienced a significant drop in their working hours.
  • Emergency Income Relief for the self-employed, which will provide $500 per week lump sum for self-employed Islanders, delivered through Innovation PEI.
  • Emergency Working Capital Financing, which will provide support for small businesses through a capital loan of up to$100,000 with a fixed interest rate of 4% per annum, to be delivered through Finance PEI.
  • $4.5 million to Community Business Development Corporations across the province to deliver financing to small business and entrepreneurs.
  • Essential workers earning $3,000 per month or less can receive a one-time $1,000 payment, administered through eligible employers.

Nova Scotia

General business funding

Government will defer payments until June 30 for:

  • The government will invest $161 million to address cash flow and access to credit for small and medium-sized businesses in Nova Scotia.
  • All government loans, including those under the Farm Loan Board, Fisheries and Aquaculture Loan Board, Jobs Fund, Nova Scotia Business Fund, Municipal Finance Corp. and Housing Nova Scotia.
  • The Small Business Loan Guarantee Program
  • Small business fees, including business renewal fees and workers compensation premiums.

Changes to the Small Business Loan Guarantee Program, administered through credit unions, include: (i) deferring principal and interest payments until June 30, (ii) enhancing the program to make it easier for businesses to access credit up to$500,000; (iii) Those who might not qualify for a loan, government will guarantee the first$100,000.

Further measures include: (i) Deferring principal and interest payments until June 30 (ii) small businesses which do business with the government will be paid within five days instead of the standard 30 days (iii) suspending payments on Nova Scotia student loans for six months, from March 30 to Sept. 30 and students do not have to apply; (iv) ensuring more Nova Scotians can access the internet to work from home, by providing $15 million as an incentive to providers to speed up projects under the Internet for Nova Scotia Initiative and complete them as soon as possible.

British Columbia

B.C. COVID-19 Supply Hub and Manufacturing Supercluster

  • The Province has partnered with the Digital Technology Supercluster and the Business Council of British Columbia to create the COVID-19 Supply Hub, a made-in-B.C. online platform to co-ordinate, source and expedite medical supplies and personal protective equipment (PPE) for provincial health authorities to support front-line health workers fighting COVID-19.
  • Companies can get up to $5 million to cover up to 100% of eligible costs when they collaborate with other businesses on a project that has an immediate impact on curbing the effects of COVID-19.
  • Now accepting offers. Project to take place between April and June 2020.
  • To be eligible there are five critical areas of need for which submissions must address: (i) health system; (ii) community health; (iii) safe living; (iv) diagnostics and therapeutics; and (v) emergency response.

The Ministry and B.C. Arts Council

  • The Ministry and the BC Arts Council have been working hard to develop an immediate and responsive plan to support the arts and culture sector through the COVID-19 crisis.
  • Benefits include:
    • 50% of last year’s operating grant as an advance for the next intake cycle (April and September).
    • One-time grant will range (maximum $15,000) depending on the size of your organization.
  • Current Operating Assistance clients will automatically receive the supplement and operating grant.

BC Hydro and ICBC Payment Relief

  • BC Hydro
    • BC Hydro is allowing customers to defer bill payments or arrange for flexible payment plans with no penalty through their COVID-19 Customer Assistance Program. Customers experiencing financial hardship are eligible.
    • Customers are encouraged to call BC Hydro’s customer team at 1-800-224-9376 to discuss bill payment options.
  • ICBC
    • ICBC is allowing customers who are facing financial challenges due to COVID-19 to defer their payment for up to 90 days with no penalty.
    • Customers are encouraged to call 604-661-2723 or 1-800-665-6442 to discuss payment options.

Expanding Income Assistance and Disability Assistance

  • For people in B.C. currently receiving income assistance or disability assistance, the Province has announced the following measures:
    • Temporarily exempt federal employment insurance benefits, including the CERB, for three months so these new emergency federal support programs won’t reduce monthly assistance payments
    • An automatic $300-monthly supplement for the next three months for everyone on income assistance or disability assistance who is not eligible for the emergency federal support programs, including the CERB
    • Monthly $52 Transportation supplement for all BC Bus Pass Program users receiving income assistance and disability assistance for the duration of the fare suspension by BC Transit and Translink.
    • Most of the schools across Canada reopened in the first week of September with extra safety measures
    • Pubs, bars and restaurants reopened in Canada with strict physical distancing and hygienic & sanitary requirements.

Measures to ease the lockdown

  • Reopening of stores and school on May 11 in Quebec except in Montreal (May 19). Restaurants are able to serve take-out meals and making deliveries until further notice.

Summary for initial $649.5B support package – Cost estimates have not been updated by government for increases in funding where applicable

Summary for initial support package

Recovery Plan Overview

  • Recovery plan : Canada’s COVID-19 Economic Response Plan
  • Budget : $325 billion (14.1% of GDP)
  • Announcement : March 18, 2020 (initial announcement)
  • Main orientations : Ensure Canadians can pay for essentials (i.e., mortgages, rent, groceries, etc.) and to help businesses continue to pay their employees and bills.

Main measures

Protecting Health and Safety

  • $2.5 billion to fund Personal Protective Equipment (“PPE”) and Supplies, including PPE and related equipment for Essential Workers
  • $1.13 billion to fund COVID-19 Medical Research and Vaccine Development (over two years)
  • $19.35 billion proposed Federal contribution to the Safe Restart Agreement

Key Measures

  • §Support for healthcare including mental health and problematic substance use, testing and contact tracing support for vulnerable populations, child care, sick leave, municipalities, and PPE procurement

Tax Liquidity Support

  • $85 billion in total tax liquidity support for individuals and businesses

Key Measures

  • Income Tax payment deferral
  • Sales Tax Remittance and Customs Duty payments deferral
  • Supporting jobs and safe operations for junior mining companies

Other Liquidity Support and Capital Relief1

Business Credit Availability Program (“BCAP”) (though BDC & EDC)

  • $40.0 billion for a Small and Medium-sized Enterprise Loan and Guarantee program
  • $41.3 billion Canada Emergency Business Account (“CEBA”)
  • $5.2 billion in credit and liquidity support for the Agriculture Sector
  • To be determined for Large Employer Emergency Financing Facility
  • $300.0 billion in credit and liquidity support through the Bank of Canada, Canada Mortgage and Housing Corporation, and commercial lenders
  • $300.0 billion in Capital Relief (OSFI Domestic Stability Buffer)

Support For Individuals

  • $164 billion will go towards individuals through the Canada Emergency Response Benefit (“CERB”) and Canada Emergency Wage Subsidy (“CEWS”)
  • $12.85 billion in additional support through the following programs to support individuals through and following the COVID-19 pandemic 
    • 10% Temporary Business Wage Subsidy
    • Essential workers wage top-up
    • Temporary enhanced GST Credit and Canada Child Benefit
    • Canada Student Loan Payments
  • $9.1 billion to support students and recent graduates (over two years)
  • $3.0 billion to support seniors
  • $2.3 billion to support vulnerable groups

Support for Businesses & Specific Sectors

  • $13.75 billion to support businesses through the Canada Emergency Business Account (“CEBA”)
  • $1.2 billion in alternative credit to support business unable to access other emergency measures
  • $3.0 billion to support business with rent payments under the Canada Emergency Commercial Rent Assistance program (inclusive of $569 million in provincial support)
  • $4.9 billion in support for Canada’s primary economic Sectors

Sectors

  • Academic research community
  • Air transportation
  • Broadcasting
  • Cultural, heritage, and sport organizations
  • Oil and gas
  • Farmers, food businesses, food supply, and food inspection
  • Fish and seafood processors and fish harvesters

Contact us

Tax: Marlene Cepparo – mcepparo@kpmg.ca
Restructuring: Anamika Gadia – agadia@kpmg.ca
Legal: Anna Balinsky – abalinsky@kpmg.ca