COVID-19 and Your Business: Issue 3

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COVID-19 financial supports

To help your business get through the third wave of the pandemic, the Government of Canada has extended emergency supports and developped COVID-19 support and resources.

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Canada Emergency Business Account (CEBA)

Provides interest-free loans of up to $60,000. Apply by June 30.

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Highly Affected Sectors Credit Availability Program (HASCAP)

Low-interest loans to cover operational needs for hard hit businesses.

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Canada Emergency Rent Subsidy (CERS)

Helps cover commercial rent or property expenses.

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Canada Emergency Wage Subsidy (CEWS)

Helps cover employee wages to maintain and hire staff.

Faster together

Let's work together to re-open our doors faster and keep them open

Getting vaccinated is the quickest way for all of us to re-open. Faster Together, a coalition of Canadian businesses and organizations, is promoting the COVID-19 vaccine - and you can help.

Access their free-to-use digital toolkit, which includes social media shareables, newsletter banners and more, to help get the word out.

Access Digital Toolkit

Support for re-opening

Budget 2021 proposes more funding to help your business make a strong recovery as the economy safely re-opens. Highlights include:

  • the Canada Recovery Hiring Program to help rehire and hire staff;
  • the Canada Digital Adoption Program to assist with the cost of new technology; and
  • changes to the Canada Small Business Financing Program to provide more access to loans.

Government resources and supports

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Black Entrepreneurship Loan Fund

Applications are now open for loans to help Black businesses start up or grow.

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Canada Business App

Navigate government services and get notifications

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Census Small Business Hub

Census data resources to better understand your target market

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Business Benefits Finder

Answer questions to generate a tailored list of benefits for your business

Together, we can get through this pandemic. For comprehensive information about the current COVID-19 situation, financial resources and vaccines, visit Canada.ca/coronavirus or call 1-833-784-4397.