FINANCIAL SUPPORT:
Relief for Small & Medium-Sized Businesses
GRANTS + REBATES
ONTARIO SMALL BUSINESS SUPPORT GRANT – UP TO $20,000
ELIGIBILITY:
To receive the grant, a small business must:
Be required to close or restrict services subject to the new Province wide Shutdown
Have fewer than 100 employees
Have experienced a minimum of 20% revenue decline comparing April 2020 to April 2019 revenues
Businesses that are not eligible include those that were already required to close prior to the introduction of modified Stage 2 measures, and essential businesses permitted to operate with capacity restrictions.
PROPERTY TAX & ENERGY BILL REBATES
ELIGIBILITY:
To receive the grant, a small business must:
Businesses that are, or were, required to close or significantly restrict services as a result of being under control or lockdown restrictions in the COVID-19 response framework.
Were required to close or significantly restrict services as a result of being under “modified Stage 2” restrictions in the previous framework
Businesses will not be eligible if they are within the areas subject to public health restrictions, but were not required to close or significantly restrict services or if they are owned by the federal, provincial, or a municipal government, or by a person holding federal or provincial office.
FUNDING FOR PPE COSTS REBATES
ELIGIBILITY:
To be eligible, your business must have 2-9 employees and be in one of the following sectors:
Retail
Accommodation and food services
Repair and maintenance
Personal and laundry services
Gyms and yoga studios
DIGITAL MAIN STREET
Programs for E-Commerce
FEDERAL FUNDING
CANADA EMERGENCY BUSINESS ACCOUNT
ELIGIBILITY:
Small businesses must meet the following eligibility requirements:
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.
To apply for CEBA, businesses should contact their financial institution.
CANADA EMERGENCY RENT SUBSIDY
ELIGIBILITY:
To be eligible to receive the rent subsidy, 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
Are an eligible business, charity, or non-profit (eligible entity)
Experienced a drop in revenue
Have eligible expenses