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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

Federal government

Aerospace Regional Recovery Initiative – Quebec

Canada Economic Development for Quebec Regions

The Aerospace Regional Recovery Initiative enables SMEs and NPOs providing services to SMEs to :

  • Green their operations and adopt environmentally sustainable practices.
  • Improve productivity.
  • Strengthen commercialization while furthering integration into regional and global supply chains.

Priority will be given to projects that contribute to at least one of the following :

  • The transition towards greener products and operations or environmentally sustainable practices
  • Generating important economic benefits and promoting business development in regions, while improving resilience and international competitiveness of the aerospace sector.
  • Improving diversity and inclusion to address barriers faced by certain groups.
  • Supporting digital adoption by the aerospace industry and enhanced cybersecurity.

Contributions to SMEs are generally repayable or conditionally repayable.

Contributions to non-profits are typically non-repayable.

Certain costs may be eligible on a retroactive basis up to 12 months before the receipt of a project application, but no earlier than April 19, 2021. 

Conditions apply.

BDC Small Business Loan - for existing business

Business Development Bank of Canada

Keep your cash flow. Rather than using the money you need for day-to-day activities, consider applying for additional financing. With the BDC Small Business Loan, you could get up to $100,000 within 48 hours from the time of approval, no application fees or hassles. The entire process is completed online.

You need to have been operating your business for the past 24 months.

Other conditions apply.

Bridge Financing Program

Business Development Bank of Canada

The Bridge Program provides eligible companies with financing in the form of a convertible note to match a current financing round being raised through qualified investors into Canadian start-up companies.

Eligibility criteria: 

  • Must be Canadian incorporated with Canadian operations and senior management residing in Canada.
  • Have previously raised at least $500,000 and be specifically impacted by COVID-19.
  • Be part of traditional high-growth venture-capital backed industries. 
  • Have at least one qualified investor investing in the round being matched by BDC.

Interested companies must first speak to their investors.

For more information, please write to programrelaisCR@bdc.ca.

Conditions apply.

Business Credit Availability Program (BCAP)

Government of Canada

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

The Business credit availability program (BCAP) includes:

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

For more information, contact your financial institution.

Some conditions apply.

COVID-19 Emergency Loan Program for Canadians Abroad

Government of Canada

The COVID-19 Emergency Loan Program for Canadians Abroad was introduced to help Canadians with no source of financing to come home.

Canadians and some Canadian permanent residents abroad who are directly affected by the impact of the COVID-19 can request a repayable emergency loan to help them return to Canada. To apply, contact:

or

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.

Canada Community Revitalization Fund - Quebec

Canada Economic Development for Quebec Regions

CRFC is helping communities recover from the effects of the pandemic through community infrastructure projects.

Eligible applicants:

  • NPO;
  • Municipal or regional governments;
  • Aboriginal organizations.

Eligible activities:

  • Adaptation of community spaces and assets for safe use in accordance with local public health guidelines;
  • Building or improving community infrastructure to encourage Canadians to re-engage with and explore their communities and regions.

The CRFC contribution could be up to 75% of total eligible costs or $750,000. For recipients in the territories, this amount may be as high as $1 million.

The Fund is delivered by Canada's regional development agencies.

Conditions apply.

Canada Emergency Business Account (CEBA)

Ministère des Finances

The Canada Emergency Business Account will make $80,000 available to eligible Canadian businesses in the form of an interest-free loan.

Every business could receive up to $60,000 to pay operating costs during the crisis. This loan will be supplemented by a second loan of $20,000 for those who were more impacted by the pandemic.

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 or that they have non-deferrable expenses.

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.

Businesses have until June 30, 2021 to apply.

For more details, the list of participating financial institutions and complet admission criteria, visit program's website.

Some conditions apply.

Canada Emergency Rent Subsidy (CERS)

Canada Revenue Agency (CRA)

The CERS was implemented by the federal government to support eligible businesses, charitable organizations, and non-profit organizations during the pandemic.

The subsidy can cover up to 65% of eligible expenses and can be combined with an additional rent subsidy of 25%: the Lockdown Support. The hardest hit businesses will have access to a rent subsidy rate of up to 90%.

The two aid measures will be available until June 2020.

Some conditions apply.

Canada Emergency Response Benefit (CERB)

Government of Canada

The Canada emergency response benefit (CERB) has ended.

  • Retroactive applications for period 7 (August 30 to September 26, 2020) are still accepted.
  • New recovery benefits are available betwen September 27, 2020 and September 25, 2021.

Some conditions apply.


Canada Recovery Benefit (CRB)

Canada Revenue Agency (CRA)

The CRB, along with the CRCB and the CRSB, follows on the CERB, which has now ended.

The CRB offers eligible workers a weekly income of $500.

If your situation continues past 2 weeks, you will need to apply again. You may apply up to a total of 19 eligibility periods (38 weeks) between September 27, 2020 and September 25, 2021.

To be eligible, workers must, in part:

  • Not be an employee or self-employed worker during the period covered by the application (or have had a drop in income of 50% or more);
  • Have not received one of the other income benefits available (see the list on the program website);
  • Not be eligible for employment insurance;
  • Reside and be present in Canada;
  • Have earned at least $5,000 in 2019, in 2020, or in the 12 months preceding the date of the application.

Some conditions apply.

Canada Recovery Caregiving Benefit (CRCB)

Canada Revenue Agency (CRA)

The CRCB, along with the CRB and the CRSB, follows on the CERB, which has now ended.

The CRCB offers eligible workers who are caregivers weekly income of $500.

If your situation continues past 1 week, you will need to apply again. Each household may apply up to a total of 38 weeks between September 27, 2020 and September 25, 2021.

To be eligible, the caregiver must, in part:

  • Be unable to work at least 50% of their work week because they are caring for a family member;
  • Be caring for a child under 12 years old or a family member whose school, daycare, or care establishment is closed because of COVID-19 or because that person is suffering from COVID-19, is in quarantine, or is at risk of serious complications;
  • Have not received one of the other income benefits available (see the list on the program website);
  • Not be on paid leave for this period;
  • Have earned at least $5,000 in 2019, in 2020, or in the 12 months preceding the date of the application;
  • Reside and be present in Canada.

Some conditions apply.

Canada Recovery Hiring Program (CRHP)

Government of Canada

CRHP provides Canadian employers with a wage subsidy to cover a portion of their employees' wages during various phases of economic recovery.

Eligibility Criteria:

  • Meet all CEWS eligibility requirements;
  • Meet additional eligibility requirements for for-profit corporations or partnerships.

Conditions apply.

Canada Recovery Sickness Benefit (CRSB)

Canada Revenue Agency (CRA)

The CRSB, along with the CRB and the CRCB, follows on the CERB, which has now ended.

The CRSB offers eligible workers a weekly income of $500.

If your situation continues past 1 week, you will need to apply again. You may apply up to a total of 4 weeks between September 27, 2020 and September 25, 2021. You cannot apply for periods that are closed.

To be eligible, workers must, in part:

  • Be unable to work for at least 50% of the week because they may or do have COVID-19, they have received the recommendation to self-isolate, or they are at risk of serious complications in case of contagion;
  • Have not received one of the other income benefits available (see the list on the program website);
  • Not receive paid leave for this period;
  • Have earned at least $5,000 in 2019, in 2020, or in the 12 months preceding the date of the application;
  • Reside and be present in Canada.

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 until June, 2021 is designed to help businesses retain or rehire their employees.

Eligibility critirea for employers:

  • Being an eligible employer;
  • Having experienced an eligible reduction in revenue; and
  • Having had a CRA payroll account on March 15, 2020.

Calculate your subsidy amount here.

To view the changes made to the CEWS, click here.

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.

Emergency Community Support Fund (ECSF)

Government of Canada

The ECSF provides financial aid to charitable and non-profit organizations to help them adapt and increase front-line services offered to vulnerable populations during the COVID-19 pandemic.

Applications are being accepted and must be submitted by July 27, 2020 for activities taking place between April 1, 2020 and March 31, 2021.

For more information, consult the Applicant Guide.

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.

Mid-Market Financing Program

Business Development Bank of Canada

This program, financed jointly by the BDC and the applicant’s financial institution, will be offering junior loans to businesses until June, 2021.

Flexible terms:

  • Loans spanning four years
  • Principal to be repaid as a balloon payment
  • Interest payments for the first 12 months capitalized and due at maturity

Company eligibility criteria:

  • In good standing and financially viable before the crisis
  • Affected by COVID‐19 or by the drop in oil and gas prices
  • Credit needs exceed the financial support that is currently available

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.

Regional Relief and Recovery Fund (RRRF)

Canada Economic Development for Quebec Regions

The RRRF, managed by CED, is designed to help businesses and affected communities deal with the crisis and kick start their economic recovery.

The Fund makes it possible to:

  • Offer immediate mitigation measures for businesses that are in difficulty because of a lack of cash.
  • Prepare for post-COVID-19 through support focused on the economic recovery.

More than $280 million is available for eligible companies and organizations in Quebec.

For a complete description of the program, visit the SADC-CAE website.

Some conditions apply.

Relief measures for Indigenous businesses

Government of Canada

The Government of Canada, through Aboriginal Financial Institutions, will provide financing in the form of short-term, interest-free and non-repayable contributions to First Nations, Inuit and Métis businesses.

Assistance of up to $60,000 will be available as:

  • an interest-free loan of up to $40,000;
  • a non-repayable contribution of up to $20,000.

For more information, contact your Aboriginal Financial Institution.

Some 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 from March18 to June 19, 2020.

Some conditions apply.

Tourism Relief Fund - Quebec

Canada Economic Development for Quebec Regions

The Tourism Relief Fund enables Canadian tourism businesses and organizations to attract more visitors by creating new or enhanced services and products and by improving positioning among foreign visitors.

Contributions to businesses will take the form of non-repayable contributions of up to $100,000 (50% of eligible costs) or repayable contributions of up to $500,000 (75% of eligible costs).

A company cannot receive both types of contributions.

Not-for-profit organizations and Indigenous entities (that do not generate profits) will be eligible for non-repayable contributions.

Eligible Applicants :

  • Businesses;
  • Not-for-profit organizations (e.g. tourism associations);
  • Band Councils (or other Indigenous organizations and cooperatives).

Eligibility Criteria (meet at least one of the criteria):

  • Be a key provider or operator in the visitor experience;
  • Be part of a defined tourism cluster or tourism dependent community;
  • Provide an anchor product or service in a tourism destination.

Conditions apply.

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

Government of Canada

During the COVID-19 pandemic, all Work-Sharing agreements fall under the COVID-19 temporary special measures. The Government of Canada has extended these measures to September 26, 2021. During the Special Measures, there are changes to this program and this page is not accurate at the moment.

Consult the Work-Sharing Program – COVID-19

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

During the COVID-19 pandemic, all Work-Sharing agreements fall under the COVID-19 temporary special measures. The Government of Canada has extended these measures to September 26, 2021. During the Special Measures, there are changes to this program and this page is not accurate at the moment.

Consult the Work-Sharing Program – COVID-19

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

During the COVID-19 pandemic, all Work-Sharing agreements fall under the COVID-19 temporary special measures. The Government of Canada has extended these measures to September 26, 2021. During the Special Measures, there are changes to this program and this page is not accurate at the moment.

Consult the Work-Sharing Program – COVID-19

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

Get your operations back to their pre-pandemic level. Receive up to $2 million to cover your operational activities to increase sales, stimulate revenue growth or support your recovery plan.

Principal payments for this loan can be postponed for the first 12 months. Thereafter, they can be made according to a flexible schedule.

Eligibility requirements:

  • Your business has been impacted by COVID-19;
  • Your business was stable and financially viable prior to the pandemic;
  • You have a plan in place that demonstrates the effectiveness of this loan in adjusting your business;
  • The loan is for the maintenance or recovery of your business.

Conditions apply.

Federal measures

Provincial government

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.  THIS MORATORY MAY BE EXTENDED BY SIX MONTHS FROM OCTOBRE 1ST, 2020.

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.

Assistance for Businesses in Regions Under Maximum Alert (ABRUMA)

Ministère de l'Économie et de l'Innovation

The ABRUMA is an enhancement to the CTAPB and the EASMSB to support businesses that have to cease operations in whole or in part because they are located in a red zone (maximum alert).

A new enhancement offers non-repayable aid (loan forgiveness) applicable to loans granted as part of one of these two programs.

The enhancement covers certain fixed costs that have to be paid during the closing period.

Loan forgiveness can reach up to 80% (or $15,000 per month) of eligible expenses.

Some conditions apply.

COVID-19 aid fund

The CIDAL’s COVID-19 aid fund gives eligible businesses recourse to an interest-free loan to cover their working capital (cash flow).

The loan offers a moratorium of up to 12 months and covers only expenses related to the company’s working capital.

Eligible businesses: 

  • Cooperatives;
  • Private enterprises;
  • Social economy enterprises.

Eligibility criteria:

  • At least two full-time direct jobs;
  • Cash flow deemed insufficient to handle the situation;
  • Be a Canadian citizen, have a registered, valid business number in Canada and be at least 18 years of age.

Analysis criteria:

  • Show that the company’s current situation and needs are caused by the effects of COVID-19;
  • Long-term viability.

Some conditions apply.

COVID-19: $40 million budget from Fondaction for Quebec SMEs in the agri-food sector

Fondaction

Over the next year, Fondaction will make available to Quebec SMEs in the agri-food sector $40 million in funding to ensure their vitality.

Main eligibility criteria:

  • Profitability before the crisis
  • Strong prospects for growth
  • Solid management team

Business that would like to benefit from this funding should complete a form.They will be contacted by Fondaction’s investment experts who will evaluate their application and discuss flexible, personalized solutions.

It should also be noted that Fondaction has made its funding offer more flexible for projects of $500,000 or more.

Some conditions apply.

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.

NOTE : A new component has been added to this program for companies in the red zone : ABRUMA 

Some conditions apply.

Emergency aid for small and medium-sized businesses (COVID-19)

Ministère de l'Économie et de l'Innovation

SMEs affected by COVID-19 that need under $50,000 in cash can benefit from this aid introduced by the Government of Quebec.

Non-exhaustive eligibility criteria:

  • Be operating in Quebec for at least one year;
  • Be temporarily closed, likely to close or show the warning signs of closing;
  • Be maintaining, consolidating or resuming activities.

The lack of cash flow must be caused by:

  • an inability or substantial reduction in the ability to deliver products or merchandise;
  • a procurement problem for raw materials or products.

NOTE: A new component has been added to this program for companies in the red zone: ABRUMA

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.

Highly Affected Sectors Credit Availability Program (HASCAP) Guarantee

The HASCAP Guarantee provides a guaranteed, low-interest loan to small and medium-sized businessess that have experienced a 50% or greater loss of revenue due to the COVID-19 pandemic.

 Terms and conditions of the loan:

  • Amount ranging from $25,000 to $1M
  • Interest rate of 4%
  • Repayment term of up to 10 years
  • 12-month postponement of principal payments at the start of the loan

 Company's main eligibility requirements:

  • Be based in Canada
  • Have been financially stable and viable prior to the current economic situation
  • Have received payments either from the CEWS or the CERS
  • Not use the loan to pay or refinance existing debts.

The HASCAP Guarantee is available until June 30, 2021.

Application for the loan must be made through your financial institution.

Conditions apply.

Joint loan program

Business Development Bank of Canada

Whether your business is directly or indirectly affected by the pandemic, it could receive between $1 million and $12.5 million in the form of a loan to meet its cash flow needs.

The loan is made jointly with participating banks.

Principal repayments on the loan can be deferred by 12 months.

Eligibility criteria:

  • Be a viable business pre-pandemic;
  • Meet your bank’s criteria.

Contact your primary financial institution to apply.

The loan is available until June 2021.

Some conditions apply.

Regional Tourism Partnership Agreement (EPRT)

The Government of Québec has renewed the 2016-2020 EPRT for 2020-2021 and 2021-2022 to support tourism businesses suffering the effects of the COVID-19 pandemic and to stimulate the economy of different regions through tourism benefits.

4 parts of the EPRT:

  • Support for tourism SMEs for the opening of the 2020 season (part 1)
  • Support for collective projects among tourism SMEs to adapt to the new health realities (part 2)
  • Support for development and structuring projects for the tourism offer (part 3)
  • Support for strategic downtown tourism businesses for Quebec tourism gateways (part 4)

Eligible businesses:

For-profit organizations;

  • NPOs;
  • Cooperatives;
  • Municipalities;
  • Indigenous communities, businesses, nations and organizations;
  • Sector, regional and representative tourism associations.

Financial aid, in the form of a non-repayable grant, varies by region and category of project.

For application dates, contact your regional tourism association(In French only)

Some conditions apply.

Temporary aid program for music and variety show performances

Société de développement des entreprises culturelles (SODEC)

This program is designed to compensate for revenue losses for artistic performances that were scheduled between October 1, 2020 and March 31, 2021 and that have been cancelled or postponed because of government public safety guidelines.

Eligibility conditions:

  • Be a company legally constituted whose primary activities are presenting music and variety shows;
  • Have a head office and main place of business in Quebec.

For complete details about the program: Program Guide ​(French only)

Some conditions apply.

The SADC de Papineau-Collines Exceptional Support Measures for Small Businesses

SMEs in the RCM of Papineau, the RCM of Collines-de-l’Outaouais and Basse-Lièvre affected by the COVID-19 pandemic can benefit from flexible loans between $5,000 and $60,000 on advantageous terms offered by the Société d’aide au développement des collectivités (SADC) de Papineau-Collines through the Regional Relief and Recovery Fund (RRRF PDC).

Some conditions apply.

Provincial measures

  • July 13 – Update – Emergency Assistance for Small and Medium-Sized Businesses (COVID-19):
    • Applications for financial assistance submitted under the PAUPME can be submitted not later than four weeks after the health emergency is lifted.
    • Enterprises in the tourism sector can submit applications under the ACEST section within the same time frame or four weeks after the full opening of the Canada-US border, whichever date is later.
    • The moratorium on the repayment of principal and interest related to the financial assistance granted under the AERAM section of the PAUPME has been extended until November 30, 2021.
  • August 2 – Enhanced Recovery Grant Program - More support for Québec women entrepreneurs in response to COVID-19 issues (in French only)

  • August 24 – COVID-19 vaccination passport
    • How the vaccine passport works
    • QR code on paper (business-card)
    • VaxiCode and VaxiCode Verif applications
    • Protection status
    • QR codes for exemptions
    • QR code for participants in the Medicago Inc. clinical study
    • Instructions for travellers to Québec
    • Difference between proof of vaccination and the vaccination passport
  • September 7 – Full vaccination (2 doses) required for health care workers by October 15. Workers who are not properly vaccinated by this date will be suspended without pay.

  • September – Vaccination passport: With the grace period over, merchants who do not request proof of vaccination from their customers are now subject to fines of $1,000 to $6,000.

Municipal government (Montréal)

City of Laval’s COVID-19 loan

The City of Laval’s COVID-19 term loan offers eligible businesses financial assistance of up to $100,000 to cover their working capital costs.

Main eligibility criteria:

  • Apply for a minimum loan amount of $25,000
  • Operate in an eligible sector and offer B2B services or products
  • Have a Beacon score above 650
  • Have been in operation for more than 2 years
  • Was financially healthy before the current crisis

Main documents to be submitted:

  • Financial statements for the last 3 years and the current year
  • Business owner’s personal balance sheet and credit record
  • Cash budget for the next 12 months

To make an appointment, contact the Service du développement économique:

Some conditions apply. 

Emergency aid for small and medium-sized businesses (COVID-19) - Montreal

PME MTL

SMEs affected by COVID-19 that need under $50,000 in cash can benefit from this aid introduced by the Government of Quebec.

Non-exhaustive eligibility criteria:

  • Be operating in Quebec for at least one year;
  • Be temporarily closed, likely to close or show the warning signs of closing;
  • Be maintaining, consolidating or resuming activities.

The lack of cash flow must be caused by:

  • an inability or substantial reduction in the ability to deliver products or merchandise;
  • a procurement problem for raw materials or products.

NOTE : A new component has been added to this program for companies in the red zone : ABRUMA

Some conditions apply.

Retail Business Consolidation Fund

City of Montreal

Through PME MTL, the Ville de Montréal is providing eligible commercial enterprises with grants of up to $10,000, or 75% of the total cost of their business project.

Eligibility requirements (non-exhaustive):

  • Be a business establishment in Montréal.
  • Demonstrate that access to your business is closed due to COVID-19.
  • Provide at least 10% in the total project cost.
  • Be majority-owned by Canadian citizens or permanent residents.
  • Have a business project that falls under NAICS sectors 44 or 45 or sub-sectors 722 or 812.

Specific documents are required for the review of the funding request.

Conditions apply.

Support for Montréal’s SMEs

STIQ

The STIQ will offer technical assistance and share relevant information and good business practices during personalized meetings, whether virtual or in-person, following which the SME will obtain personalized recommendations and objective and independent information on the issues that concern it.

Offered free of charge:

  • Personalized report
  • List of available financial support
  • Guide to sanitary measures to implement (workers’ health)
  • Suggested target markets
  • Large multisectoral network
  • Visibility in the HebdoSTIQ newsletter

Eligibility criteria:

  • Be a manufacturing SME active on the island of Montréal
  • Have between 10 and 30 employees
  • Work in one of the eligible sectors of activity

Conditions apply.

Municipal measures (Montréal)

Private sector

Business assistance – Temporary support for working capital – COVID-19

Société de développement des entreprises culturelles (SODEC)

SODEC is offering financial assistance in the form of revolving credit, a term loan or a loan guarantee of between $10,000 and $2,000,000.

Main eligibility criteria for the company:

  • Have its head office in Quebec and demonstrate that it is primarily controlled by people whose tax residence is in Quebec.
  • Have been in operation for at least one year.
  • Be experiencing uncertainty and temporary difficulties due to COVID-19.
  • Demonstrate that the company’s financial structure has good potential for profitability.

Conditions apply.

CIETECH digital transformation grant program

This grant program will provide financial support to merchants involved in the CIETECH support program as they implement efforts for a digital transformation.

The implementation of technologies to improve the client experience will be eligible for a 20% grant of up to $1,500, after implementing the digital solution in your company.

This program is available for a limited time.

Some conditions apply.

CIETECH digital transformation grant program

The CIETECH program offers companies and businesses in the Lanaudière region 15 hours of consulting to help them set their digital priorities and select technology solutions that will enable them to innovate with agility.

Non-exhaustive eligibility criteria:

  • Be in of the following market segments: retail, the restaurant, tourism and recreational tourism sector, culture, sports and leisure, services;
  • Agree to be guided by CIETECH for up to 15 hours;
  • Have signed a contract with a supplier.

Registration fee: $150

Some conditions apply.

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.

DEL's COVID-19 Loan

DEL's COVID-19 Loan offers eligible businesses located (or that plan to be located) in the DEL region with a term loan of up to $100,000 (repayable in 12 months) at an interest rate of 6% to provide them with the working capital they need to get through the current crisis.

Main eligibility criteria:

  • Apply for a minimum loan of $25,000.
  • Be legally constituted.
  • Operate in an eligible industry and offer B2B services.
  • Have a Beacon credit score that is greater than 750.
  • Submit a project with demonstrated economic benefits in terms of maintaining jobs.

Main documents to be submitted:

  • Financial statements for the last 3 years and the current year.
  • Entrepreneur’s personal financial statement and credit report.
  • A cash budget for the next 12 months.

Conditions apply.

Emergency financial aid from the AFC

The AFC offers financial support to meet basic needs for two to three weeks following the application.

To access it, you must:

  • Be eligible professionally;
  • Show an immediate financial need;
  • Explore all other avenues for support;
  • Provide the documentation required.

Note that this assistance is for people in the greatest need, i.e. people without the funds in their bank to pay their bills (rent, mortgage, food, utilities, insurance, etc.).

To submit an application, please complete the AFC application form and send it to contact@AFChelps.ca.

Some conditions apply. 

FCC – COVID-19 support program

Farm Credit Canada

The FCC – COVID-19 support program has two components:

1. Deferral program for payments and credit line 

  • Deferral of principal and interest payments for up to six months for existing loans;
  • Deferral of principal payments for up to 12 months;
  • Access to an additional credit line of up to $500,000.

2. Term loans for eligible clients 

  • Term loan of a maximum of $2.5 million, with no fees, with an interest-only payment option for 18 months and a maximum amortization of 10 years.

For more information, please contact your local office or call the Customer Service Centre at 1 888 332-3301.

Some conditions apply.

Fondation des artistes aid

The Fondation des artistes offers financial support to artists whose professional activities have been disrupted by the pandemic.

To access the aid, complete the application form for your profession:

and send all supporting documents requested to accueil@fondationdesartistes.ca

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.

Invest-AI Financing

The program finances up to 50% of eligible activities to increase performance through the integration and application of AI techniques in business processes.

Some of the eligible activities:

  • Development of a product or process that requires AI;
  • Prototyping;
  • Managing data used by AI solutions.

Eligibility conditions:

  • Be a for-profit business with a place of business in Quebec for producing goods and services;
  • Have a project that involves applications of AI that can directly improve business performance;
  • Own intellectual property resulting from the project.

Some conditions apply.

Joint loan program

Business Development Bank of Canada

Whether your business is directly or indirectly affected by the pandemic, it could receive between $1 million and $12.5 million in the form of a loan to meet its cash flow needs.

The loan is made jointly with participating banks.

Principal repayments on the loan can be deferred by 12 months.

Eligibility criteria:

  • Be a viable business pre-pandemic;
  • Meet your bank’s criteria.

Contact your primary financial institution to apply.

The loan is available until June 2021.

Some conditions apply.

MTL Resto Relief Fund

If you work at a Montréal restaurant, bar or café and you need monetary support to meet your urgent financial obligations, you can apply to the MTL Resto Relief Fund.

Some conditions apply.

Momentum Fund – Desjardins

Desjardins is using its Momentum Fund to support projects that contribute to regional economic development with financial assistance equal to 25% of the cost of eligible projects, up to a maximum of $10,000.

Some eligible categories:

  • Business digitization
  • Ergonomics and social distancing
  • Psychological support
  • Business model transformation
  • Innovation
  • Business succession
  • Development of foreign markets
  • Investment in talent and energy-efficient equipment

For more information about this program, contact your Desjardins Business Centre directly.

Conditions apply.

RÉSILIENT Program

The RESILIENT program includes 90 days of emergency coaching to help small businesses achieve effective performance in this new business reality.

The program provides:

  • An organizational performance analysis and interpretation of your personality profile.
  • A 13-step entrepreneurial roadmap.
  • 6 hours of structured individual coaching (1 hour/2 weeks).
  • Unlimited access to express online consulting clinics for 3 months.
  • 12 interactive themed webinar training sessions given by the CAEQ.

For more information, contact the CAEQ at 1-888-383-5015 or by email at info@caeqc.ca.

Conditions apply.

SOCAN emergency aid program

The SOCAN has put in place a $2 million emergency aid program to help its members.

The financial aid is intended primarily for songwriters and screen composers affected by the crisis, particularly those whose shows have been cancelled or TV and film productions suspended.

The program takes the form of emergency advances on royalties.

Members who would like to submit an application can do so at

  • 1-866-307-6226

or

Some conditions apply.

Shopify Capital Funding

Shopify has launched a program for loans of up to $500,000 to support small businesses during the COVID-19 crisis.

This program is solely for Shopify clients.

Loans will be reimbursed from future sales.

For more information, connect to your Shopify account.

Some conditions apply.

Temporary assistance in the audiovisual sector (film and television)

Société de développement des entreprises culturelles (SODEC)

This SODEC assistance program, the goal of which is to relaunch the film and television industry, has two components:

  1. Assistance to maintain production capacity in the audiovisual sector
  2. Temporary pilot component (shoot interruption because of COVID-19)

The two components are designed to combat the effects of production stoppages due to the pandemic. The first component is for productions stopped because of government measures, and the second is for productions stopped because of an infection on the team.

Consult full details for the program and its two components here ​(French only)

Some conditions apply.

Private sector measures

Other resources

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

For any inquiries, please contact our information agents.

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