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Directory

COVID-19 Programs and Measures – Large businesses

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Consult this updated directory of key programs available to large businesses to weather the COVID-19 pandemic.

  1. Federal government
  2. Provincial government
  3. Municipal government (Montréal)
  4. Private sector
  5. Other resources

1. Federal government

Business Credit Availability Program (BCAP)

Government of Canada

If you have a Canadian business with a viable commercial model, you could receive a loan from the federal government to weather the crisis.

As part of this program, Export Development Canada (EDC) and the Business Development Bank of Canada (BDC) is providing over $10 billion in the form of direct loans and other types of financial support at market rates for eligible businesses.

This program includes the BDC co-lending program and the EDC loan guarantee for SME.

The BCAP will promote access to financing for businesses in every sector and region.

For more information, contact your financial institution.

Some conditions apply.

Canada Emergency Business Account

Ministère des Finances

The Canada Emergency Business Account will make $25 billion available to eligible Canadian businesses in the form of an interest-free loan.

Every business could receive up to $40,000 to pay operating costs during the crisis.

Businesses should contact their financial institution to request the loan and show that they paid between $20,000 and $1.5 million in total payroll in 2019.

Repayment of the balance of the loan at the latest by December 31, 2022 will generate a writeoff of 25% of the loan, up to $10,000.

Some conditions apply.

Canada Emergency Commercial Rent Assistance (CECRA)

Canada Mortgage and Housing Corporation - CMHC

This assistance offers business owners that rent to small businesses a forgivable loan of 50% of the cost of rent provided they offer tenants a rent reduction of at least 75% for the months of April, May, June and July, 2020.

Non-exhaustive eligibility criteria:

  • Own a building with at least one small business tenant that is affected;
  • Conclude (or have concluded) a legally binding agreement to reduce rent for the months of April, May, June and July, 2020.

Owners can apply through a specially designed portal.

Some conditions apply.

Canada emergency wage subsidy

Government of Canada

The federal government will make available to eligible businesses a wage subsidy to cover up to 75% of salaries.

This subsidy, for a maximum period of six months, retroactive from March 15, 2020, to August 29, 2020 is designed to help businesses retain or rehire their employees.

Eligibility critirea for employers:

Calculate your subsidy amount here.

Current claim periods open for application:

  • March 15 to April 11 (period 1)
  • April 12 to May 9 (period 2)
  • May 10 to June 6 (period 3)

Some conditions apply.

Canada’s Plan to Mobilize Industry

Government of Canada

The government is mobilizing Canadian businesses and manufacturers to help fight the spread of the coronavirus and ensure the health and safety of Canadians. Canada’s

Plan to Mobilize Industry provides for new measures to directly support the country’s manufacturers and businesses to rapidly increase their production capacity or, by giving them the tools needed for production lines, to design products made in Canada that will help fight COVID-19.

Products targeted include:

  • personal protective equipment;
  • sanitization products;
  • diagnostic products;
  • tests.

Some conditions apply.

COVID-19 – Call to action: Canadian suppliers

Government of Canada

The Government of Canada asks Canadian manufacturers and businesses that can help the country meet needs for essential medical supplies to fight COVID-19 to contact its agents.

If the following statements apply to you, join the national effort!

  • Your manufacturing activities are based in Canada or you have ready access to the required inputs through your supply chain.
  • You have equipment that can be modified or facilities that can be quickly reorganized to meet medical needs, particularly to manufacture personal protective equipment, such as gloves, masks and surgical gowns; disinfectant; wipes; ventilators; and other medical equipment and supplies.
  • You have skilled workers who can respond and who are available to work under the current circumstances.

Some conditions apply.

COVID-19 – Canadian Seafood Stabilization Fund

Canada Economic Development for Quebec Regions

The Canadian Seafood Stabilization Fund, put in place by CED in Quebec, is designed to inject $62.5 million into businesses in the fishing, aquaculture and processing sectors.

The Fund has four components:

  • Storage capacity;
  • Adaptation of businesses;
  • Automation;
  • Market development.

To apply: 

Some conditions apply. 

COVID-19 – Sponsoring clinical trials

Government of Canada

The Government of Canada asks companies with medication, medical instruments or natural health products that could effectively treat or screen for COVID-19 to contact its agents.

Clinical trials may be rapidly authorized under urgent circumstances.

Some conditions apply.

Emergency Processing Fund (EPF)

Government of Canada

The EPF can provide financial assistance of up to $5 million to help for-profit organizations that are incorporated in Canada with two objectives: 

  • Objective 1 – Emergency COVID-19 Response (activities funded with non-repayable contributions)
  • Objective 2 – Strategic Investments (activities funded with repayable contributions)

All activities must be completed by September 30, 2020 and will be funded retroactively to March 15, 2020.

To file an application:

  • Requests for less than $100,000:

Contact the Quebec Food Processing Council (CTAQ)

  • Requests for $100,000 or more:

Contact Agriculture and Agri-Food Canada (AAFC) and complete the following steps:

  1.  Complete the checklist
  2.  Complete the AAFC application forms and provide the supporting documents
  3.  Submit your application to AAFC

Note that applications will be accepted until 11:59 p.m. (EDT) on Friday, July 31, 2020, and that the funding may have been fully allocated by this date.

Conditions apply.

Emergency Support Fund for Cultural, Heritage and Sport Organizations

Canadian Heritage

This fund, administered by Canadian Heritage, will be divided among select departmental programs, portfolio agencies and key delivery organizations.

Funds will be distributed in two phases through a range of existing programs, funds and organizations.

The way funds will be distributed will depend on whether:

  • Your organization is currently financed by Canadian Heritage;
  • Your organization is currently financed by the Canada Council for the Arts, the Canada Media Fund or Telefilm Canada;
  • Your organization is not currently financed by Canadian Heritage.

For more information, you can also consult the FAQ.

Some conditions apply.

FCC Advancer

Farm Credit Canada

If you are a Canadian agri-food or agricultural entrepreneur with a growing operation, you could be eligible for an FCC Advancer.

Some of the benefits:

  • Funds readvanced with no paperwork;
  • Lower payments than with a regular loan;
  • Ability to set your own interest rate.

Loan features:

  • Renewable, pre-approved loan;
  • Open variable rate;
  • Ongoing re-advance of funds;
  • Ability to make only interest payments;
  • Guarantee negotiated in advance.

Some conditions apply.

FCC line of credit

Farm Credit Canada

If you are a Canadian agri-food or agricultural entrepreneur, you could have access to an FCC line of credit to meet your cash flow requirements.

Some of the benefits:

  • Release of funds and consultation of information through your online account;
  • Immediate access to working capital;
  • Loan renewal based on your production cycle.

Loan features:

  • Renewable, pre-approved loan;
  • Open variable rate;
  • Ongoing re-advance of funds;
  • Ability to make only interest payments;
  • Monthly statements;
  • No guarantee required.

Some conditions apply.

Insured Mortgage Purchase Program (IMPP)

Canada Mortgage and Housing Corporation - CMHC

As part of this program, the government is prepared to buy up to $150 billion in insured mortgage pools through the CMHC.

Eligibility for the NHA MBS:

  • All NHA MBS maturing on or before the maturity date indicated on the web site.

Participation rules:

Some conditions apply.

Large Employer Emergency Financing Facility (LEEFF)

Government of Canada

This CDEV program, which involves an interest-bearing term loan of at least $60 million available for the next 12 months, was created to help large companies retain their employees and ensure continuity in their operations and investment activities in the face of financial difficulties caused by the COVID-19 pandemic.

Non-exhaustive eligibility criteria:

  • Have a significant impact on the Canadian economy;
  • Have annual revenue of approximately $300 million or more;
  • Require a minimum loan of $60 million. You can consult a fact sheet on the LEEFF HERE.

Some conditions apply.

Purchase Order Financing

Business Development Bank of Canada

Do you want to take advantage of new business opportunities, but are short on cash? Receive financing for up to 90% of the purchase order.

Purchase order financing is the ideal solution for:

  • Accepting major contracts;
  • Preserving your line of credit and your working capital;
  • Extending your activities to national and international markets.

Advantages for your company:

  • Flexible terms adapted to the terms of the purchase order;
  • Payment in Canadian or American dollars;
  • Building trust with your clients and suppliers;
  • Peace of mind.

Conditions apply.

Temporary Foreign Worker Program

Employment and Social Development Canada

PLEASE NOTE!

BECAUSE OF THE CORONAVIRUS (COVID-19), CHANGES HAVE BEEN MADE TO THIS PROGRAM.

YOU CAN CONSULT THEM HERE.

Your business may be eligible to access a pool of foreign workers to hire on a temporary basis when Canadian citizens and permanent residents are not available.

You can hire workers under a variety of streams:

  • Skilled workers
  • Global talent / highly skilled workers
  • Workers in high wage or low wage positions
  • Agricultural workers
  • Academics

Fees and conditions apply.

Temporary wage subsidy for employers

Government of Canada

Take advantage of a wage subsidy equal to 10% of compensation paid from March 18, 2020 to June 20, 2020, up to $1,375 per employee and a maximum of $25,000 per employer.

Eligibility:

  • You are a or an:
    • individual (excluding trusts);
    • partnership; 
    • non-profit organization;
    • registered charitable organization; or
    • Canadian-controlled private corporation (CCPC) (including a cooperative corporation) eligible for the small business deduction.
  • You have a business number and a payroll program account with the Agency as of March 18, 2020;
  • You have paid a salary, stipend, bonuses or other compensation to an employee.

Some conditions apply.

Work sharing program – Temporary special measures in response to the slowdown in activities due to COVID-19

Government of Canada

Temporary special work sharing (WS) measures for workers and employers are in effect March 15, 2020 to March 14, 2021.

Eligibility:

You are experiencing a slowdown in commercial activities because of the global COVID-19 epidemic and have WS agreements:

  • Signed between March 15, 2020 and March 14, 2021;
  • That started or ended between March 15, 2020 and March 14, 2021;
  • That ended between June 23, 2019 and March 14, 2020 and that are in a mandatory waiting period.

applicant guide available here.

Some conditions apply.

Work sharing program – Temporary special measures in response to the slowdown of activities in the forestry sector due to COVID-19

Government of Canada

Temporary special work sharing (WS) measures for workers and employers in the forestry sector are in effect July 30, 2017 to March 28, 2020.

Eligibility:

Your company has been directly or indirectly affected by the slowdown in the forestry sector and you have:

  • Signed a work sharing agreement that ended between October 30, 2016 and July 29, 2017;
  • Entered into a work sharing agreement that was or will be signed between July 30, 2017 and March 28, 2020 (the date of the start of the agreement should be no later than March 29, 2020); or
  • Entered into a work sharing agreement that will start or end between July 30, 2017 and March 28, 2020.

Applicant guide available here.

Some conditions apply.

Work sharing program – Temporary special measures in response to the slowdown of activities in the steel and aluminium sector due to COVID-19

Government of Canada

Temporary special work sharing (WS) measures for workers and employers in the steel and aluminium sector are in effect August 19, 2018 to March 27, 2021.

Eligibility:

Your company has been directly or indirectly affected by the slowdown in the steel and aluminium sector and you have:

  • Signed a work sharing agreement that ended between November 25, 2017 and August 18, 2018;
  • Entered into a work sharing agreement that was or will be signed between August 19, 2018 and March 27, 2021 (the date of the start of the agreement should be no later than March 28, 2021); or
  • Entered into a work sharing agreement that will start or end between August 19, 2018 and March 27, 2021.

Applicant guide available here

Some conditions apply.

Working Capital Loan

Business Development Bank of Canada

Increase inventory to meet demand, take advantage of discounts from your suppliers or add to your line of credit, without jeopardizing your cash flow.

Benefits for your company:

  • Flexible repayment terms to protect your cash flow;
  • Limited personal risk;
  • Peace of mind.

Conditions apply.

Federal measures

2. Provincial government

Concerted Temporary Action Program for Businesses (CTAPB)

Ministère de l'Économie et de l'Innovation

Eligible businesses, including cooperatives, non-profit organizations and social economy businesses engaged in commercial activities, could benefit from financial support of at least $50,000 in a loan and loan guarantee to make up for cash flow shortages related to COVID-19 due to:

  • a supply problem for raw materials or products;
  • the inability to deliver or a reduction in delivery capacity for products and services.

The main terms and processes for receiving this aid are presented on the Investissement Québec website.

Eligible companies that want more information or to avail themselves of this funding can call 1 844 474-6367 or the phone number for their regional office.

Some conditions apply.

Financial aid program for festivals and tourist events – component 1: major festivals and tourist events

Tourisme Québec

PLEASE NOTE!

HERE (IN FRENCH ONLY) ARE THE DETAILS OF THIS FUNDING PROGRAM FOR FESTIVALS AND EVENTS IN THE CONTEXT OF THE COVID-19 PANDEMIC.

The first component of financial aid for festivals and tourist events is for organizers of major festivals and tourist events.

Non-exhaustive eligibility criteria: 

  • Attract a significant number of tourists;
  • Have a proven economic impact;
  • Have eligible costs of $6 million or more.

Financial aid forms (annual or three-year agreement):

  • Financial aid for performance;
  • Financial aid for growth.

Some of the eligible costs:

  • Administration;
  • Programming;
  • Site management;
  • Promotion.

Registration period:

  • Festivals and events taking place between November 1, 2020 and April 30, 2021: one month in Spring 2020 (usually in June);
  • Festivals and events taking place between May 1 and October 31, 2021: one month in the fall of 2020 (usually in November).

The program expires on March 31, 2022.

Some conditions apply.

Financial aid program for festivals and tourist events – component 2: tourist festivals and events

Tourisme Québec

PLEASE NOTE!

HERE (IN FRENCH ONLY) ARE THE DETAILS OF THIS FUNDING PROGRAM FOR FESTIVALS AND EVENTS IN THE CONTEXT OF THE COVID-19 PANDEMIC.

The first component of financial aid for festivals and tourist events is for organizers of major festivals and tourist events.

Non-exhaustive eligibility criteria:

  • Attract a significant number of tourists;
  • Have a proven economic impact;
  • Have eligible costs of $6 million or more.

Financial aid forms (annual or three-year agreement):

  • Financial aid for performance;
  • Financial aid for growth.

Some of the eligible costs:

  • Administration;
  • Programming;
  • Site management;
  • Promotion.

Registration period:

  • Festivals and events taking place between November 1, 2020 and April 30, 2021: one month in Spring 2020 (usually in June);
  • Festivals and events taking place between May 1 and October 31, 2021: one month in the fall of 2020 (usually in November).

The program expires on March 31, 2022.

Some conditions apply.

Financial aid program for festivals and tourist events – component 3: innovation and opportunity

Tourisme Québec

PLEASE NOTE!

HERE (IN FRENCH ONLY) ARE THE DETAILS OF THIS FUNDING PROGRAM FOR FESTIVALS AND EVENTS IN THE CONTEXT OF THE COVID-19 PANDEMIC.

The third component of financial aid for festivals and tourist events is for organizers of innovative festivals and events that offer promising opportunities for promoting Quebec.

Non-exhaustive eligibility criteria: 

  • Be developing the product;
  • Demonstrate the exceptional character of the project;
  • Be holding a one-time, non-recurring event;
  • Have eligible costs of $1 million or more.

Characteristics of the financial aid: 

  • One-time, non-recurring; 
  • Not exceed 25% of the cost of the project (maximum of $500,000).

Some of the eligible costs:

  • Administration;
  • Programming; 
  • Site management; 
  • Promotion.

Registration period:

  • Festivals and events taking place between November 1, 2020 and April 30, 2021: one month in Spring 2020 (usually in June);
  • Festivals and events taking place between May 1 and October 31, 2021: one month in the fall of 2020 (usually in November).

The program expires March 31, 2022.

Some conditions apply.

Financing from the Caisse de dépôt et placement du Québec

The CDPQ is making available to Quebec companies affected by measures to limit the spread of COVID-19 additional financial aid of $4 billion.

To be eligible, businesses must meet the following criteria:

  • have been profitable before the start of the COVID-19 crisis;
  • have a promising outlook for growth in their sector;
  • be seeking financing of over $5 million.

Some conditions apply.

Local investment fund (LIF)

Ministère de l'Économie et de l'Innovation

WARNING! 

A SIX-MONTH MORATORY HAS BEEN ESTABLISHED FOR THE REPAYMENT (CAPITAL AND INTEREST) OF THE LOANS ALREADY GRANTED BY THE INTERMEDIARY OF THE FLI. 

If you are starting or expanding a business, you could be eligible for financing in the form of various types of loans or loan guarantees.

Loans can cover eligible expenses such as:

  • Capital expenditures
  • Technology acquisition
  • Working capital for operations

You could get an interest-free loan to help you acquire at least 25% of an existing rural business that you plan to take over.

Programme actions concertées pour le maintien en emploi (PACME–COVID-19) (joint action program for employee retention)

Ministère du Travail, de l'Emploi et de la Solidarité sociale

Please note that the program components Entreprises and Promoteurs collectifs have reached their maximum budgetary capacity. You can still check the possibility of joining a training project accepted under the Promoteurs collectifs component.

The PACME offers direct financial support to promote the training and management of employees of companies affected by the COVID-19 pandemic.

Reimbursement of eligible expenses for corporate training programs:

  • 100% of expenses of $100,000 or less;
  • 50% of expenses between $100,000 and $500,000.

Projects are accepted until September 30, 2020 or until the funding envelope of $100 million runs out.

Businesses and self-employed workers should contact a business advisor for their region.

Some conditions apply.

Provincial measures

3. Municipal government (Montréal)

Municipal measures (Montréal)

4. Private sector

Canada’s Digital Technology Supercluster’s COVID-19 Program

The COVID-19 Program was created to find digital technology solutions to protect the health and safety of Canadians and the country’s economy.

The Program will focus on five pressing needs:

  • Health system;
  • Community health;
  • Safe living;
  • Diagnostics and therapeutics;
  • Emergency response.

Eligibility:

  • Any member or associate of the Supercluster may submit an idea;
  • The proposal must be led by a Supercluster member or associate;
  • The project must have experienced and capable project management;
  • Collaboration is central to the Program (with some exceptions).

Some conditions apply.

GoodSpark Fund

With its GoodSpark Fund, Desjardins is financing projects that contribute to our regional socio-economic development and recovery.

Project eligibility criteria:

  • Be socio-economic in nature (impactful and sustainable).
  • Make a significant impact on people and communities.
  • Be in line with communities’ priorities, as determined by the caisse mergers.
  • Meet a collective need.
  • Engage main community partners in the project.
  • Be consistent with sustainable development principles.
  • Does not seek to fill a performance gap that existed before the pandemic.

Conditions apply.

Private sector measures

5. Other resources

You can also consult our other directories of programs not related to COVID-19.

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