Government of Canada Financial Support for Businesses

For a recap of business support measures


A summary of some of the key measures:

Canadian Emergency Rent Subsidy (CERS)

This program replaces the former CECRA program with several revisions. It is retroactive to September 27, 2020 and available until June 2021.


Canada Emergency Business Account (CEBA)

  • This measure will allow banks to give up to $60,000 in government-backed loans, with no interest for a year, and the possibility that up to $20,000 will be forgiven. Applications opened April 9 and are extended to June 30, 2021; you will need to have on-line business banking set up with your bank.
  • Credit unions are now also enabled to offer these loans to their clients.


Canada Emergency Wage Subsidy (CEWS)

  • November 30: The Economic Update said that CEWS will be increased to 75% from 65%. This will be effective in Period 11 which started December 19. See the website to calculate your eligibility and to apply for retroactive payments at the previous rates. The 75% rate is guaranteed until mid-March at which time the government may choose to change it.
  • Consult the CEWS Frequently Asked Questions


Large Employer Emergency Financing Facility (LEEFF)

  • May 20: the program is now open for applications. See the fact sheet.
  • Open to large for-profit businesses for the next 12 months – with the exception of the financial sector – as well as certain not-for-profit businesses, such as airports, with annual revenues generally in the order of $300 million or higher. The money is intended to maintain employees, not bail out other costs.
  • To qualify, businesses must be seeking financing of $60 million or more (there is no maximum) and have significant operations or workforce in Canada


Highly Affected Sectors Credit Availability Program (HASCAP)

The government introduced HASCAP on February 1 for the Highly Affected Sectors Credit Availability Program (HASCAP) providing loans of between $25,000 and $1 million to heavily impacted business. These loans are for small and medium-sized businesses that have seen their revenues decrease by 50% or more as a result of COVID-19. The interest rate is 4% and loans are repayable over 10 years with a possible postponement of principal payments for the first 12 months. The program is open until June 30, 2021. Apply through your financial institution.


Support from BDC and EDC

  • On March 13, 2020 the federal government established a Business Credit Availability Program (BCAP) to support financing in the private sector through the Business Development Bank of Canada (BDC) and Export Development Canada (EDC). On March 27, the government announced that an additional $12.5 billion would be made available to Canada's Crown lending agencies, on top of the $10 billion previously announced.
  • Small Business Loan: Up to $100,000 can be obtained online.
  • Working capital loan: For loans over $100,000 and can support everyday operations.
  • Purchase Order Financing: Loans to fulfill domestic or international orders.
  • BCAP has been extended to June 2021.


PPE Supply Hub

  • The government has created the PPE Supply Hub to assist businesses in sourcing Personal Protective Equipment.


Regional Relief and Recovery Funds

  • Funds have been allocated to the Regional Development agencies and are now available for application.
  • In Alberta, visit Western Economic Diversification for a guide to who is eligible. 
  • You are not eligible if you have received a CEBA loan, are a sole proprietor, or are in an area served by the Community Futures program.



  • The maximum duration of the Work-Sharing program is extended from 38 weeks to 76 weeks.
  • The Work-Sharing program is offered to workers who agree to reduce their normal working hours because of developments beyond the control of their employers.