UPDATED TUESDAY, MARCH 31 AT 4 PM EDT
With new COVID-19 stimulus announcements coming out every day, it can be difficult for businesses, municipalities, other organizations to keep track of what’s out there to support their operations.
Funding committed by the Government of Canada to date has reached $202B, including $52B in direct spending, $85B in tax deferrals, and $65B in loans.
In addition to launching new programs, the Government is revising its existing set of incentives. For example, the deadline to apply to the highly-popular Broadband Fund has been extended to April 30, and the Strategic Innovation Fund, NRC-IRAP, and Innovation Superclusters have been instructed to prioritize projects that fight COVID-19.
These changes come as the Canadian economy continues to struggle under the impact of COVID-19. As of Wednesday, 3,290 confirmed cases of coronavirus had been reported and more than half a million Canadians had applied for EI.
Last week alone, 6,000 businesses and organizations turned to Fundingportal to find the latest updates on incentives and how to get them. In an effort to make it easier for your organization to find incentives in these uncertain times, we have prepared a list of all COVID-19 incentives for Canadian organizations announced since last week, organized by region.
HOW TO GET FUNDING USING FUNDINGPORTAL
- Review Measures. Learn which stimulus measures are available for your organization by reviewing our summary below.
- Attend Our Webinar. Demand for our webinar on how to secure funding from these important new programs is high. Take a minute to register your organization now. Register >
- Book a Consultation. Book a consultation with our experts, then order a custom report on your top incentives or purchase grant writing services. Book >
- Subscribe to Alerts. Subscribe to our custom email alerts subscription service to be immediately notified when a new program for your organization is announced. Subscribe >
- NEW. $331.4M in Waived Fees for Airports. Rents paid on ground leases for the 21 airport authorities that form part of the National Airport System and that pay rent to the government are waived for March through to December. PortsToronto, which operates Billy Bishop City Airport, will receive comparable treatment.
Publishing and News Sectors
- NEW. $30M in Canceled CRTC Fees. The CRTC will not issue letters requesting payment for Part I licence fees by broadcasters for the 2020–21 fiscal year.
- Simplified Applications. Canadian Heritage will simplify the application process for its Canada Book Fund and Canada Periodical Fund.
- Tax Measures. The Independent Advisory Board on Eligibility for Journalism Tax Measures is now in place.
Innovation and Procurement
- NEW. Cleantech Funding. SDTC, Canada’s largest cleantech funder, is providing an immediate increase in funding to all previously-supported projects. They also tweeted that they are available to support cleantech startups.
- Refocusing Key Programs. Flagship programs, including the Strategic Innovation Fund (SIF), NRC-IRAP, and Innovation Superclusters, are now mandated with prioritizing projects that fight against COVID-19. $192M in funding has already been committed under SIF to biotech companies AbCellera and Medicago, which are working on drugs and vaccines against the virus. Fundingportal has extensive experience applying to these funds — book a consultation now.
- $50M in Manufacturing Supercluster Funding. NGen is investing this money to support manufacturers in rapidly responding to the COVID-19 pandemic through procurement activities.
- $2B to Support for Manufacturers. The Government’s new “Plan to Mobilize Industry to Fight COVID-19” will help manufacturers to rapidly scale up production or re-tool their manufacturing lines to develop products that help fight the virus.
- Innovation Challenge. The National Research Council (NRC) will organize a COVID-19 Challenge Program to address a range of medium-term public health needs. The program will bring together government, academics, and private sector partners.
- Procurement. Public Works and Government Services Canada has put out an urgent call to procure Canadian-made products and solutions required to fight the pandemic.
Broadband and Regional Development
- Broadband Fund Deadline Extended. The CRTC’s Broadband Fund deadline has been extended from March 27 to April 30. Fundingportal’s grant writers are available now to get your application in on time.
- Support for SMEs and the Tourism Sector. Affected tourism operations and SMEs that have previously secured funding from FedDev Ontario, Western Economic Diversification, Canada Economic Development for Quebec Regions, ACOA, FedNor, or CanNor can contact their local office to receive additional funding and more flexible arrangements. Companies that have not previously secured funding from these agencies may still be able to access funding to stay in business. Fundingportal’s grant writers have extensive experience with regional development programs. Book a free consultation today.
- Wage Subsidy. A 75% wage subsidy will be made available to qualifying businesses, nonprofits, and charities for up to three months, retroactive to March 15. To qualify, employers must show their revenues have fallen by at least 30%. Wages covered will be capped at $847/ week. More details will be released Tuesday.
- Canada Emergency Response Benefit (CERB). This taxable benefit will provide $2000 a month for up to four months to workers who lose their income due to the pandemic. The CERB is a more accessible combination of the previously announced $5B Emergency Support Benefit and $10B Emergency Care Benefit. It is available to workers who are not eligible for EI, as well as those who are not receiving an income, but are still employed, meaning more employers can retain their employees.
- Special Work-Sharing Measures. Under the Work-Sharing program, EI-eligible employees receive income support while temporarily working reduced workweeks. The maximum duration of work-share agreements has been extended to 76 weeks. Employers and employees must apply together.
- $25B in Operating Loans. The new Canada Emergency Business Account, available through Export Development Canada (EDC) and private lenders, will provide small businesses and nonprofits with interest-free loans of up to $40k to help cover their operating costs. To qualify, applicants need to demonstrate they paid $50k-$1M in total payroll in 2019. Repaying the balance of the loan on or before Dec. 31, 2022 will result in loan forgiveness of 25% (up to $10k).
- $20B Loan Guarantee for SMEs. EDC will guarantee new operating credit and cash flow term loans that financial institutions extend to SMEs, up to $6.25M.
- $20B Co-Lending Program for SMEs. The Business Development Bank of Canada (BDC), together with financial institutions, will co-lend term loans to SMEs to support their operational cash flow requirements. Eligible businesses can obtain incremental credit amounts up to $6.25M per loan. Eligible financial institutions will conduct the underwriting and manage the interface with their customers.
- $10B for Financing and Credit Solutions. The new Business Credit Availability Program (BCAP), administered by BDC and EDC, provides $10B in additional financing and credit insurance solutions for businesses. Credit-worthy businesses seeking financing to support their operations and maintain jobs can contact their existing BDC, EDC or private bank account manager to obtain a loan at current market rates.
- Additional Measures to Increase Liquidity.
- Export Development Canada (EDC) has more flexibility to provide exporters with support through loans, guarantees or insurance policies.
- The Bank of Canada has cut the interest rate to 0.75%.
- Canada’s large banks have an additional $300B in lending capacity.
- A new Bankers’ Acceptance Purchase Facility supports financing for SMEs.
- The government’s bond buyback program is broadened.
- Shorter Term Repo operation terms are temporarily in place for interbank funding.
- A Standing Liquidity Facility will be launched in the coming weeks.
- The Government will purchase up to $50B of insured mortgage pools through the Canada Mortgage and Housing Corporation (CMHC) under the Insured Mortgage Purchase Program.
- More Credit for Farmers.
- Farm Credit Canada will have access to an additional $5B in lending capacity for producers, agribusinesses, and food processors.
- All farmers who have an outstanding Advance Payments Program (APP) loan due on or before April 30 will get an additional six months to repay the loan. This represents $173M in deferred loans.
- Applicable farmers with outstanding interest-free loans can apply for an additional $100k interest-free portion for 2020-21, as long as their total advances remain under $1M.
Taxes and Deferments
- Relief for the Tourism Sector. Tourism operators in national parks, historic sites, and marine conservation areas can defer payments on commercial leases and licences of occupation without interest until Sept. 1.
- Sales Tax Deferments. GST and HST remittances and customs duty payments are deferred to June 30.
- Deferred Tax Payments. Businesses can defer the payment of any income tax amount owing to August 31.
- $327.8M for Research. This funding will support 96 designated research teams developing medical countermeasures to the virus, including antivirals and vaccine development.
Communities and Nonprofits
- $305M for Indigenous Communities. A new distinctions-based Indigenous Community Support Fund will address immediate needs in First Nations, Inuit, and Métis Nation communities.
- $50M for Shelters and Sexual Assault Centres. This funding will support the capacity of organizations to manage outbreaks in their facilities.
- $157.5M for Homeless Shelters. This money will flow through the Reaching Home Program.
- Tax Relief for the Tourism Sector. Hotels and other lodging providers can delay paying the tourism levy until Aug. 31 for amounts due on or after March 27.
- Corporate Income Tax Deferral. Payments are deferred until Aug. 31, but businesses must continue to file their tax returns. Utility payments are also deferred. Education property taxes are also deferred for six months, and then will be reverted and frozen to last year’s level. WCB premiums are deferred one year. 50% of the premium will be covered by the government for SMEs when it is due.
- Support for the Energy Sector.
- Emissions Reduction Alberta (ERA) has provided applicants under its $50M Natural Gas Challenge a two-week extension to file their full project proposals. It has also announced that more funding is on its way to support technologies that reduce greenhouse gas emissions.
- The Government will provide $113M in industry relief through its Energy Regulator, grant 1-year extensions for oil and gas tenures, and loan $100M to the Orphan Well Association.
- $50M for Workers. Those who must self-isolate and do not have other sources of revenue can access a bridge support payment of $1,146.
- Corporate Income Tax Deferral. Payments are deferred until Aug. 31, but businesses must continue to file their tax returns. Utility payments are also deferred.
- $60M for Community Support. Municipalities, charities, and nonprofits that provide social services will receive this money in support of their response to COVID-19.
- $500M for Frontline Support. This funding will support public health officials.
- $3M for Arts and Culture. The new Arts and Culture Resilience Supplement, administered by the BC Arts Council, will provide eligible applicants with a supplement of up to $15k in early April to help them pay their bills. Starting in April, the Council will also provide operating clients a 50% advance on 2020-21 funding to help with their cash flow and will extend application deadlines, relax reporting requirements, and allow organizations to use funding to cover immediate needs like rent and utilities.
- Emergency Leave. Affected workers can now take unpaid, job-protected leave, retroactive to Jan. 27.
- $5B Package Announced. $2.8B will support people and services, while $2.2B will provide relief to businesses.
- The B.C. Emergency Benefit for Workers will provide a $1000 payment to those whose ability to work is compromised.
- Effective immediately, businesses with a payroll over $500k can defer their employer health tax payments until Sept. 30.
- Tax filing and payment deadlines for the provincial sales tax (PST), municipal and regional district tax, tobacco tax, motor fuel tax and carbon tax are also deferred until Sept. 30.
- Business and light- and major-industry property classes will see their school tax cut in half.
- Funding for Childcare Providers. Childcare centres that remain open will receive compensation to counteract reduced enrolment. Centres that close will receive support for fixed operating costs.
- Employment Stability. A temporary exception is giving employers more time to recall laid-off employees. Any period of layoff occurring after March 1 will not be counted toward the eight-week period after which a temporary layoff would become a permanent termination.
- Procurement. A new portal has been launched asking businesses to manufacture and supply essential products and services.
- Tax Filing Deferred. SMEs with monthly remittances of no more than $10k will have up to two additional months to remit retail sales taxes and the payroll tax.
- $27.6M for Childcare Workers. A new $18M grant program will help affected early-childhood educators, in addition to $7.6M to support licensed childcare centres, and $2M for capital grants.
- Working Capital. Small business owners are eligible for loans up to $200k. Principal on the loan will not be required for up to 12 months. Medium- and large-sized employers can receive working capital up to $200k through Opportunities NB.
- Employment Stability. Legislation will be introduced to provide affected workers with an unpaid leave of up to 15 weeks.
- Payment Deferments. WorkSafeNB is deferring the collection of assessment premiums for three months. The interest rate will be eliminated to align with the three-month deferral. On a case-by-case basis, the Government will also defer loan and interest repayments for existing business loans with government departments for up to six months.
- One-time Benefit. A one-time $900 benefit will be provided by the Red Cross to those who lost their employment or had to close their business.
- Cellular Service Call Extended. The deadline for the second call for proposals to expand cellular service has been extended to June 30.
- Job Protection. Employees who take a leave of absence due to COVID-19 are now entitled to leave without pay and job protection.
- $120M for Community Organizations. This money will help these organizations continue their operations.
- Funding for Childcare. Financial assistance will be made available to childcare centres until April 30.
- Rent Support. Retail and commercial landlords are encouraged to defer lease payments for three months for businesses that had to close. Landlords who participate should register before Apr. 3 to claim losses of up to $5k per month.
- $161M for SMEs. This money will address cashflow and access to credit.
- Government Payments Deferred. All government loan payments and small business fees are deferred until June 30.
- Small Business Loan Guarantee Program. This program, administered through credit unions, will defer payments until June 30. Additionally, it will now be easier for businesses to get up to $500k.
- NEW. $8.3M Package. This package will support people, businesses and communities. Measures include waiving airport fees, interest relief on tax returns, liquor and cannabis buybacks, and waiving food establishment permits.
- $13.2M Economic Relief Package. This money will flow in part to businesses through loans and fee reductions.
- Small Business Support. Eligible businesses can apply for a grant of up to $5k.
- $17B Action Plan. A new plan providing tax and other deferrals was released. Read more about the plan here.
- $200M for Social Services. This money will go to municipalities and social services organizations. The funds will be distributed by municipal service managers.
- Removing Barriers for Manufacturers. The Government is working with manufacturers to redeploy capacity towards the production of essential equipment.
- Procurement. The Government is seeking suppliers of in-demand medical products, as well as innovators (virtual mental health services, supply chain resiliency monitoring, and financial planning and advising for small businesses) that can help Ontarians.
- $304M in Relief Funding. Money will flow to hospitals, frontline workers, long-term care homes, retirement homes, residential facilities, and Indigenous communities.
- Employment. Employees in isolation or quarantine or that need to miss work to care for children can secure job-protected leave.
- NEW. Procurement. The new PEI Sourced Solutions online portal will help meet demand for supplies.
- Support for Nonprofits. Nonprofits with COVID-19-specific needs can apply for funding through the United Way, which was given a $250k budget.
- Grocery Gift Cards. The new Employee Gift Card Program enables employers to provide laid-off employees with a $100 Sobeys gift card.
- $4.5M for Small Businesses. Community Business Development Corporations will provide financing to small businesses and entrepreneurs.
- Emergency Relief Worker Assistance Program. Employers are asked to help identify workers who have experienced a significant reduction in their work hours. Workers can get up to $250 per week.
- Emergency Income Relief. This Innovation PEI program provides the self-employed with a $500 per week lump sum.
- Emergency Working Capital Financing. This Finance PEI program provides support for small businesses through a capital loan of up to $100k with a fixed interest rate of 4% per annum.
- $25M Emergency Contingency Fund. This new fund supports workers and small businesses affected by the pandemic.
- $2M for childcare. Early-learning centres will be able to apply to a fund to maintain spaces.
- $2.5M for Victims of Violence. This additional funding will go to women’s shelters.
- Temporary Support for Businesses. The new Programme d’action concertée temporaire pour les entreprises (PACTE) will provide loan guarantees or loans of a minimum of $50k to businesses, cooperatives, nonprofits, and social enterprises that are facing liquidity issues.
- Temporary Support for Workers. The new Programme d’aide temporaire aux travailleurs (PATT COVID-19) (PATT COVID-19 Temporary support program for workers) provides financial support for workers who are not admissible to employment insurance programs and are currently affected by isolation measures. Employees can directly apply to this program without assistance from their employer.
- Tax Measures. The government will defer most tax filing deadlines to June 30. Tax credit filings and reimbursements will be accelerated.
- Support for Artists. Emergency support is available to artists through the Conseil des arts et lettres du Québec.
- $28M for Vaccine Research. This funding will go to a team of researchers in Saskatoon.
- Tax Deferral. Businesses that are unable to remit their PST will have three-month relief from penalty and interest charges.
- Self-Isolation Support Program. This program will provide self-isolated residents who are not covered by federal programs with up to $900 for two weeks.
- $1M for the Tourism Sector. The Tourism Cooperative Marketing Fund (TCMF) will have a $1M budget increase for 2020-21. The eligibility criteria have also been broadened.
- Employment Support. The Paid Sick Leave Program allows Yukon workers or those self-employed who are without sick leave to stay at home if they are sick and required to self-isolate for 14 days and still meet their basic financial needs. In addition, nominees under the Yukon Nominee Program will not be issued the standard 90-day notice to find new employment.
- Stimulus Package Announced. This new package will support workers, cancelled events, local businesses, and the tourism and cultural sectors.
- Criteria-based Grant Program. This new program will address certain expenses related to event cancellations related to COVID-19.
Visit fundingportal.com for more information on our grant finding and writing services.