Government resources and support for businesses
Below, you'll find a list of financial relief measures and programs to support businesses impacted by COVID-19. As new programs become available we’ll update this list.
- Extending Work-Sharing program
- Providing small business with wage subsidies
- Support for employees
- Canada Emergency Response Benefit (CERB): providing $2,000 a month for up to four months for workers and entrepreneurs who are not receiving a paycheque as a result of COVID-19. The portal for accessing the CERB would be available in early April. Canadians would begin to receive their CERB payments within 10 days of application. The CERB would be paid every four weeks and be available from March 15, 2020 until October 3, 2020.
- Boosted Canada Child Benefit payments to ensure working families have enough money to support their kids.
- Waived the one-week waiting period and the requirement for a medical certificate for employment insurance (EI) sickness benefits to provide immediate support for workers in quarantine.
Access to credit
- Business Credit Availability Program (BCAP): The Export Development Canada (EDC) and the Business Development Bank of Canada (BDC) can now provide additional financing to customers facing economic challenges.
- Lowering the Domestic Stability Buffer
Support for farmers
- Increasing credit available to farmers and the agri-food sector through Farm Credit Canada
Supporting financial market liquidity
- More time to pay their income taxes: The Canada Revenue Agency will allow all businesses to defer, until after August 31, 2020, the payment of any income tax amounts that become owing on or after today and before September 2020.
Ontario off-peak electricity pricing for residential, small business customers and farms
Pandemic preparedness guide
- Best practice documents designed to assist business planning and continuity efforts from the Canadian Chamber of Commerce.
BC Economic Development Association resources
- Resources that may be helpful to local, Indigenous, and regional governments as well as businesses
Xero’s Business Continuity Hub
Visit Xero Central for tools to help your business get through unforeseen disruptions. Register for upcoming webinars, find business and mental health resources, and connect with the Xero community to share your experience. We'll continue to add useful resources and information as they become available.See Continuity Hub