https://www.canada.ca/en/department-finance/programs/financial-sector-policy/business-credit-availability-program.html

Contact Information:

If you are interested in exploring financing opportunities for your business through the BCAP, please contact your financial institution directly and it will contact BDC and EDC where appropriate. BDC and EDC can also be contacted at the email addresses below.

Business Development Bank of Canada

1-877-232-2269

Export Development Canada

1-800-229-0575

https://ceba-cuec.ca/

Recently, proposal will be to add an extra $20,000 to the 0% loan in addition to the $40,000 original amount.

Up to $10,000 of the additional funds can now be forgiven (meaning if you had the original $40k; $10k was forgiveable, so overall $60k and $20k could be forgiveable) if repaid before December 31, 2022

Details on the Canada Emergency Wage Subsidy Extension - Canada.ca

Up to 65% wage subsidy based on revenue drop comparisons

Collaboration between the Federal Government and the Canadian Chamber of Commerce.

https://www.canadianbusinessresiliencenetwork.ca/

HOTLINE: 1-866-989-1080

https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-rent-subsidy.html

Maximum of 65% of rent subsidized (depending on revenue drop %).

www.fednor.gc.ca/eic/site/fednor-fednor.nsf/eng/fn04592.html

The Regional Relief and Recovery Fund (RRRF) will support vulnerable businesses and eligible not-for-profit organizations that are impacted by the economic disruption associated with the COVID-19 pandemic across the regions of Canada. Applicants are eligible to receive up to 100 percent of total eligible bridge support costs, covering up to a six (6) month period.

https://occ.ca/canada-united-small-business-relief-fund/

Grant of up to $5,000 for:

• Purchased Personal Protective Equipment (PPE) such as masks, face shields, and latex gloves.

• Renovated physical space to adhere to local, Provincial or Federal reopening guidelines.

• Developed or improved e-commerce capabilities for your business.

Applications open October 26th.

Information Line 1-888-444-3659

https://www.ontario.ca/page/list-essential-workplaces

EHT exemption on up to $490k of payroll.

https://budget.ontario.ca/2020/marchupdate/annex.html

Proposal to introduce 10% Corporate Income Tax credit for capital investments.

https://budget.ontario.ca/2020/marchupdate/annex.html#section-3

Open Oct 1 - Dec 31

Businesses that have been open for 1 year as of March 17, 2020 and were impacted by the closure of non-essential businesses.

What is Eligible?

Eligible projects will support the adaptation of business operations and practices to meet public health guidelines for operations under re-opening stages, and to support employee and consumer safety.

Eligible project costs include but are not limited to:

• Capital construction

• Leasehold improvements

• New or used equipment

• Restructuring of business operations

• Marketing for new business initiatives

• Personal Protective Equipment and customer/employee safety installations

• Other costs deemed necessary to complete the project at the discretion of the NOHFC

Evaluation Criteria

Applications will be accepted based on the following criteria:

• Northern Ontario businesses' evidence to support a loss of revenue or increase in expenses are directly attributed to the Province of Ontario Emergency Order related to the COVID - 19 pandemic

• Submission of financial history for the previous year of operation will be required.

• Eligible costs will be those incurred and paid after March 17, 2020.

Funding

• Funding will be in the form of a conditional contribution and will normally not exceed $25,000.

• NOHFC will cover 100% of eligible project costs.

• Applicants must demonstrate that the amount requested from NOHFC is incremental and does not duplicate other supports received.

What is Not Eligible?

Ineligible costs include, but are not limited to:

• Renovations not associated with meeting public health guidelines

• Land

• Refinancing

• Business plans/strategic plans/feasibility studies etc.

• Assets acquired through operating leases

• Rolling stock

• Project management costs/consulting costs/administration costs

• Mineral exploration and mine development

• Cost of inventory

• Capital projects or leasehold improvements to residential or personal properties

• Fixed cost expenses

• Working capital

• Direct employee costs

Program Requirements

• Funding is limited and will be on a first-come basis.

• The application window will run from October 1 to December 31, 2020.

• Applicants will be required to execute a legal agreement with NOHFC.

https://nohfc.ca/en/pages/programs/northern-ontario-recovery-program

Everybody is pivoting these days, even the Ministry of Red Tape Reduction. If your business is running into issues because of COVID, use this site to request temporary regulation or policy change:

https://www.ontario.ca/page/frontline-business-help-us-support-you-during-covid-19

Connecting with those with experience in health care with institutions.

healthcloudtrialmaster-15a4d-17117fe91a8.force.com/matchingportal/s/

https://news.ontario.ca/opo/en/2020/04/health-and-safety-association-guidance-documents-for-workplaces-during-the-covid-19-outbreak.html

https://covid-19.ontario.ca/workplace-ppe-supplier-directory

The Ontario Arts Council has created funding for individuals, collectives and organizations that assist artists in being able to continue their work admist the challenges of COVID-19.

https://www.arts.on.ca/grants/activity/arts-response-initiative?lang=en-ca

https://www.ontario.ca/page/businesses-get-help-covid-19-costs#section-0

Up to $1,000 to cover PPE and retroactive back to March 17, 2020.

To be eligible must be between 2-9 employees within: retail, accommodation/food services, repair and maintenance, and personal and laundry services.

https://www.ontario.ca/page/businesses-get-help-covid-19-costs

$10,000 - $20,000 grant that will assist with the province wide lockdown that matches dollar for dollar for revenue reduction from April 2020 (compared to April 2019).

Applica

https://www.tbdhu.com/workplaces

90 days deferral. Call 625-2255 for adjustment those on pre-authorized payments

Waived for 3 months.

COVID-19 Financing: www.nadf.org/covid-19-financing

• Emergency Loan Fund: up to $25,000 to support eligible Aboriginal businesses

• Regional Relief and Recovery Fund: up to $40,000 to support business that has difficulty accessing other government supports

• Indigenous Business Stabilization Program: up to $40,000 with up to 25% non-repayable

Regional Relief and Recovery Fund

http://www.thunderbayventures.com/upload/documents/thunder-bay-ventures-regional-relief-and.pdf

Loan of up to $40,000, with no payments or interest until Dec 31, 2022 and if paid in full by that point 25% is forgiven.

www.thunderbayventures.com

https://distantly.ca/

Be able to donate directly to the business you want to support. 100% of funds go into their bank account.

https://www.hrpa.ca/Pages/COVID-19Resources.aspx

Collection of Digital Resources

Aside from 90 day free trial, Shopify Capital has allowed up to a $500k advance to merchants that is payable back via fees on future sales.

https://www.shopify.ca/capital

(example of how the remittance may be done: https://help.shopify.com/en/manual/your-account/shopify-capital/united-states/merchant-cash-advance )

https://www.wsps.ca/WSPS/media/Site/Resources/Downloads/covid-19-delivery-service-health-and-safety-guidance.pdf

https://www.bdc.ca/en/documents/special-support/covid-19-supports-for-canadian-businesses.pdf