Community Support & Recovery Plan

Supporting our Business Community

On May 5, City Council approved a Community Support and Recovery Plan (CSRP), that includes immediate relief for taxpayers and a recovery fund to address the pandemic’s short- and long-term financial impact on all sectors of the community. It includes:

• Deferring 2020 utility and property tax deadlines for all property types to Sept. 30;

• Designating $5-million to implement a response plan with both short- and long-term support for businesses, residents and non-profits;

• Seeking federal and provincial stimulus funding for City capital projects to promote economic recovery; and

• Additional measures to be included

Supporting our Business Community

On May 5, City Council approved a Community Support and Recovery Plan (CSRP), that includes immediate relief for taxpayers and a recovery fund to address the pandemic’s short- and long-term financial impact on all sectors of the community. It includes:

• Deferring 2020 utility and property tax deadlines for all property types to Sept. 30;

• Designating $5-million to implement a response plan with both short- and long-term support for businesses, residents and non-profits;

• Seeking federal and provincial stimulus funding for City capital projects to promote economic recovery; and

• Additional measures to be included in the 2021 budget.

City staff are now moving forward with refining the CSRP and a host of ideas are being considered, including targeted grants, reduced or waived City fees, technology investments and marketing to support local businesses. Staff plan to present specific CSRP recommendations to Council in late May.

Business Supports

We have more than 7,000 businesses in Coquitlam, ranging from home-based operations to large enterprises with hundreds of employees. The City recognizes that this is a very challenging time for many of our local businesses as they face the impacts and the uncertainty of the current public health crisis.

From the start of the COVID-19 pandemic, Coquitlam’s Economic Development team has been reaching out to local business stakeholders and researching how best to support our community’s business sector. Over the coming weeks and months, City staff will continue to work with other levels of government, as well as business support organizations and other industry stakeholders, to help identify and inform our next steps.

This page has been developed to provide ongoing updates and information resources to Coquitlam’s business community. This will include opportunities for input, links to government and industry assistance programs, and a Q&A forum to get answers to your questions.

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Category Government of Canada News   Show all

  • Online Course Provides Guidance on Returning to Work Safely During the COVID-19 Pandemic - Government of Canada

    August 17, 2020

    The Canadian Centre for Occupational Health and Safety (CCOHS) has released the e-course Pandemic Planning: Reopening for Business, to help organizations across Canada safely return to work during the COVID-19 pandemic.

    The course will guide employers, supervisors, managers and workers on how to prepare for a safe return to work, and what controls are needed to be put in place to protect everyone and minimize the impact of the pandemic.

    Topics covered in the course include how coronavirus spreads and its symptoms, employer and worker duties and responsibilities in a COVID-19 return to business plan, methods of control (including cleaning and disinfecting), how to manage the workplace and prepare workers for a safe return, and understanding the impacts of a pandemic on mental health.

    Pandemic Planning: Reopening for Business is available on the CCOHS website in French and English languages:

  • Canada Revenue Agency opens applications for enhanced Canada Emergency Wage Subsidy - Government of Canada

    August 17, 2020

    The Canada Emergency Wage Subsidy (CEWS) was created to assist businesses affected by the COVID19 pandemic in keeping workers on their payroll or bringing back previously laid-off employees.

    To ensure that Canadian workers and businesses are in a better position as our economy safely re-opens, the Government has recently implemented changes to the CEWS that broaden the reach of the program and provide more targeted support.

    Today, the Minister of National Revenue, the Honourable Diane Lebouthillier, announced that the Canada Revenue Agency has opened applications for Period 5 – the first period of the enhanced CEWS program. Program changes for Periods 5-9 include:

    • The extension of the CEWS, including redesigned program details, until November 21, 2020.
    • Increased eligibility, meaning that all eligible employers who've experienced a revenue drop can now qualify for a base subsidy. The subsidy amount is based on the revenue drop.
    • Employers who are especially hard-hit can qualify for a top-up of up to 25%.
    • Provide certainty for employers that have already made business decisions for July and August, by ensuring they will not receive a subsidy rate lower than they would have under the previous rules.

    As the economy re-opens, the Government of Canada is encouraging employers to take another look at the CEWS program and see how it can support their workers and their operations. The Canada Revenue Agency's updated CEWS calculator can help small and large employers alike, by guiding them through a step-by-step process to prepare their applications and giving them a preview of the subsidy they may qualify for, based on the information they enter.

    Eligible employers can apply for period 5 of the CEWS through My Business Account or through the CRA's web form application. We would like to reassure applicants that we have added new security measures to the My Business Account portal following the recent cyber attack. Employers can submit their application securely as planned. Those who have registered their business payroll accounts for direct deposit can generally expect to receive subsidy payments within 3-5 business days.

    The CEWS has provided $26.58B in subsidies to more than 275,000 employers, supporting millions of workers. The enhanced CEWS program launched today will benefit even more employers and workers, and the CRA is ensuring that the right tools and supports are in place to help employers access this important economic measure.

  • Government of Canada Supports Innovation in British Columbia

    supporting image


    Western Economic Diversification Canada

    Jul 28, 2020, 13:43 ET

    WD funding will support up to 1,000 good, local jobs in communities across the province

    VANCOUVER, BC, July 28, 2020 /CNW/ - Small- and medium-sized businesses in British Columbia's technology sector have never experienced an economic crisis like the one brought on by COVID-19. Even seasoned entrepreneurs are struggling with uncertainty as they reassess budgets, redesign marketing strategies and prepare cash-flow projections. Over the past months, the Government of Canada has taken strong action to help these businesses keep employees, pay rent and get access to capital to cover costs. As our economy reopens, the federal government continues to make important investments to support BC's technology sector.

    Today, the Honourable Mélanie Joly, Minister of Economic Development and Official Languages, and Minister responsible for Western Economic Diversification Canada (WD), announced $2,950,000 in federal support to help businesses in BC's technology sector address the impact of COVID-19. This funding will benefit up to 2,500 innovative companies and support as many as 1,000 jobs. Up to half of these businesses are either owned or operated by women, youth or Indigenous people. This funding flows from the $304 million Regional Relief and Recovery Fund for Western businesses, announced by Minister Joly on May 13, 2020.

    Federal support to help BC technology sector expand and support economic growth across the province

    As BC's technology companies assess and address the impact of COVID-19, this funding will help support them through the new BC Technology Sector Resiliency Program, developed and delivered by Innovate BC in partnership with the BC Acceleration Network (BCAN,) its provincial network of business accelerators and incubators. This program will expand existing advisory services and resources across BC to support tech entrepreneurs starting and scaling up their businesses, with a focus on training, advice and resources dedicated to helping them recover from the impact of COVID-19.

    Innovate BC will also work with BCAN and other organizations to expand the innovative ''Digital Economic Response'' (DER3) program across the province. Originally piloted by Nanaimo's Innovation Island Technology Association, DER3 provides one-to-one business and technical expertise for companies hoping to improve their digital capacity. The WD funding will help build an integrated network to provide training, tools, and customized advice to over 900 businesses. This crucial support will help them transition into the digital economy or expand their digital footprint, giving them the tools they need to respond to physical restrictions and expand to new markets. WD provided $100,000 to Innovation Island Technology Association earlier this year to develop the DER3 program.


    "Innovative companies are the engines of our future growth, and this investment is a vote of confidence in the future of BC's technology sector. Our message is clear: we've been here for you with immediate measures, we're here for you now as our economy reopens and we'll get through this, together. We're working with you to support good, local jobs and help BC's tech sector come back strong."
    - The Honourable Mélanie Joly, MP for Ahuntsic-Cartierville, Minister of Economic Development and Official Languages, and Minister responsible for Western Economic Diversification Canada

    "The BC tech sector has highlighted its resiliency during the COVID-19 pandemic. This funding allows Innovate BC to support more tech companies to accelerate their business, grow in the global market and create family-supporting jobs. This program will be critically important as we all work toward an economic recovery that benefits everyone."
    - The Honourable Michelle Mungall, B.C.'s Minister of Jobs, Economic Development and Competitiveness

    "This federal funding will enable Innovate BC and our network of provincial partners to provide direct support to local businesses that are dealing with the economic fallout of COVID-19. Through this program, B.C. businesses will get access to training, mentorship, and advisory services that will maintain jobs and ensure that companies across the province are set up for resiliency and success."
    - Raghwa Gopal, President and CEO, Innovate BC

    Quick facts

    • The technology sector is key to a healthy, diverse business economy in British Columbia (BC), accounting for $15.7 billion in annual revenues (7 per cent of BC's provincial GDP) and employment of 114,000 individuals, or 5.2 per cent of BC's workforce.
    • Innovate BC is a Crown Corporation of the Government of British Columbia. It funds entrepreneurial support programs in the province. Innovate BC focuses on supporting technology start-ups and entrepreneurs through programs, sponsorship, and competitions that facilitate technology commercialization.
    • Innovate BC will engage with partners in the BC Acceleration Network including:
      • Accelerate Okanagan
      • Foresight CAC
      • entrepreneurship@UBC
      • Innovation Central Society
      • Innovation Island Technology Association
      • Kamloops Innovation Centre
      • Kootenay Association of Science and Technology
      • New Ventures BC
      • VentureLabs
      • Victoria Innovation, Advanced Technology and Entrepreneurship Council.
    • In addition, Innovate BC will deliver the program with:
      • BC Tech Association
      • Launch Academy
      • CDL-West

    Associated links

    Stay Connected

    Follow the department on Twitter: @WD_Canada

    WD Homepage
    WD Toll-Free Number: 1-888-338-WEST (9378)
    TTY (telecommunications device for the hearing impaired): 1-877-303-3388

    SOURCE Western Economic Diversification Canada

    For further information: Alexander Cohen, Press Secretary, Office of the Minister of Economic Development and Official Languages,; Western Economic Diversification Canada, Media Relations,

    Related Links

  • Government of Canada supports innovative manufacturing businesses - Government of Canada

    July 16, 2020

    The manufacturing industry is a significant contributor to Quebec’s economic growth, in addition to providing many jobs. The negative impacts of COVID-19 are being felt across many sectors in the economy, and the manufacturing sector has not been spared. Innovation and the integration of new technologies are proving to be key assets to enable SMEs in this industry to remain competitive and to enhance their productivity. By automating their processes, they are transforming how they operate, placing themselves in a better position to face the current situation related to the health crisis.

    These SMEs need support, as the investments in monetary, material and human resources needed to make this shift are often considerable, and some fear it would imperil their financial health.

    Innovation and automation serving business

    The Government of Canada firmly believes that the vitality of an economy is founded on innovation, the creation of value-added products and the development of efficient processes. That is why, for many years now, it has been supporting innovation within businesses and encouraging the acquisition of digital skills.

    Today, the Minister of Economic Development and Official Languages, the Honourable Mélanie Joly, accompanied by the Honourable Jean-Yves Duclos, Member of Parliament for Québec and President of the Treasury Board, took the opportunity during a visit to Valmec to announce financial assistance totalling close to $21 million for 45 projects that have emerged across Quebec.

    These contributions have enabled businesses to acquire and install new digital production equipment and integrate new tools with a view to modernizing their operations.

    The growth of the manufacturing sector is essential for the Quebec economy, and competitiveness is the main issue facing manufacturers, who are confronted with a series of challenges such as productivity delays, labour shortages and funding. Moreover, with current physical distancing measures, the number of workers per square foot has had to be reduced in recent months. Establishing smart factories by investing in technology, automation and robotization is proving to be a key solution, particularly to enhance productivity and reduce human intervention and operating costs, as well as to facilitate the development of new markets.

    Additional information on the projects and financial support is provided in a related backgrounder.


    “We are working with innovative manufacturers to give them the tools they need to develop novel technologies and processes, to the benefit of workers across Quebec’s regions. Thanks to CED’s support, they can leverage innovation, a veritable economic engine and pillar of growth, to stimulate local economies and create good jobs in their regions. Our manufacturing businesses are thus in a better position to face the slowdown caused by COVID-19.”

    The Honourable Mélanie Joly, Member of Parliament for Ahuntsic-Cartierville, Minister of Economic Development and Official Languages and Minister responsible for CED

    “Support for businesses leveraging innovation to grow, prosper and create good jobs is at the heart of the Government of Canada’s action. Here in Québec, like across the entire country, these businesses can count on us to boost their development and better equip them to face the current crisis.”

    The Honourable Jean-Yves Duclos, Member of Parliament for Québec and President of the Treasury Board

  • Government of Canada to invest $8.3 million in western Canadian women entrepreneurs - Government of Canada

    July 15, 2020

    Canadian women entrepreneurs are contributing to the economic success of our communities. At the same time, they have unique and systemic hurdles to overcome when starting and growing a business, and have been severely affected by the COVID-19 pandemic. For example, many of the sectors where women entrepreneurs tend to operate like retail, accommodation and food services, have been disproportionately impacted by COVID-19.

    To help remedy this situation, Terry Duguid, Parliamentary Secretary to the Minister of Economic Development and Official Languages (Western Economic Diversification Canada), today announced $8.3 million through the Regional Relief and Recovery Fund to support the Women’s Enterprise Initiative (WEI) organizations across Western Canada. PS Duguid made the announcement on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for Western Economic Diversification Canada (WD).

    The Women’s Enterprise Centre in British Columbia, Alberta Women Entrepreneurs, Women Entrepreneurs of Saskatchewan, and the Women’s Enterprise Centre of Manitoba will each receive $2 million in additional loan funds for women entrepreneurs. In addition, $300,000 in operating funding will be divided equally among the four WEIs to meet the increased demand for advisory services and business supports.

    Targeted support for women entrepreneurs in Western Canada

    These organizations will use the funds to assist Canadian women-owned businesses unable to access larger federal relief funding programs by providing them with immediate liquidity to face COVID-19-related challenges. WEI organizations have extensive experience working with women entrepreneurs, assisting them to overcome barriers and challenges in building their businesses. They also have a proven track record in providing loans and after-care services to women entrepreneurs to ensure their long-term success.

    Supporting businesses during this unprecedented time of crisis is an integral part of Canada’s COVID-19 Economic Response Plan. These businesses are the backbone of our economy—they provide good jobs that support families across the country. By supporting employers today, Canada will be in a stronger position as we come out of this crisis.


    “Women entrepreneurs and women-owned businesses are facing unique challenges in Canada and across the West. I’m pleased the Government of Canada is able to provide these supports so they can continue operating and building Canada's economic future. Women entrepreneurs want to go back to building their businesses, and we will be there to help them build back better.

    - The Honourable Mélanie Joly, MP for Ahuntsic-Cartierville, Minister of Economic Development and Official Languages and Minister responsible for Western Economic Diversification Canada

    “Western Canadian women entrepreneurs make incredible contributions to our economy and communities every day. Their economic empowerment is essential for a thriving economy and will be crucial for the economic recovery of western Canadian communities. With WD’s assistance and other Government of Canada supports women-led businesses will come back stronger than ever.”

    - Terry Duguid, Parliamentary Secretary to the Minister of Economic Development and Official Languages (Western Economic Diversification Canada) and to the Minister of Environment and Climate Change (Canada Water Agency)

    “The RRRF will assist in amplifying the supports provided by WESK (and other members of the Women’s Enterprise Initiative) to women entrepreneurs in our province. Women entrepreneurs leveraging the new loan fund can also utilize the wrap around services of WESK to address business recovery in a strategic fashion.”

    - Prabha Mitchell, Chief Executive Officer, Women Entrepreneurs Saskatchewan

  • Canada Supports Inclusive Growth Through Economic Recovery - Government of Canada

    July 9, 2020

    The Government of Canada is committed to innovation and building a clean energy future. This commitment will be more important than ever as we begin to reopen the economy and plan our recovery from the COVID-19 crisis.

    The Honourable Seamus O’Regan, Canada’s Minister of Natural Resources, today participated in the International Energy Agency’s (IEA) Clean Energy Transitions Summit, the first IEA ministerial-level meeting entirely dedicated to the clean energy future. Minister O’Regan joined leaders from governments and industries around the world to discuss actions for sustainable recovery and clean energy technology innovation.

    Minister O’Regan led a ministerial session on inclusive growth, which focused on placing people and communities at the heart of economic recovery and the long-term transition to a clean energy future. In recognition of the unprecedented and extensive impacts of the COVID-19 pandemic, he highlighted the importance of taking action to support workers and create the conditions for a more inclusive workforce.

    Governments and industries alike have an opportunity to create more equitable and inclusive employment growth. Mobilizing the participation of traditionally underrepresented groups, including women, youth, racialized groups and Indigenous peoples, will be vital to the post-COVID-19 recovery and long-term economic growth.

    Minister O’Regan also announced that Canada is leading the development of a reporting framework under the Equal by 30 initiative that will enable signatories to track and report on the concrete actions they are taking to close the gender gap across the energy sector. Led by Natural Resources Canada, Equal by 30 is a global campaign under the international Clean Energy Education and Empowerment (C3E) Initiative, a joint effort by the Clean Energy Ministerial and the International Energy Agency to advance gender equality in the energy sector. To date, close to 150 organizations across the energy sector, including governments, companies and non-profit institutions, have taken the Equal by 30 pledge.

    The government remains committed to building a clean energy future that will not only support our natural resource sectors through this tough economic time but also grow the economy and create good jobs.

  • Historic COVID-19 Plan Provides Canadians With the Support They Need to Get Through the Economic Crisis - Government of Canada

    July 8, 2020

    The COVID-19 crisis is the challenge of our generation. The Government of Canada has responded with rapid and broad-based emergency support measures to protect the health and economic well-being of Canadians.

    Today, Finance Minister Bill Morneau presented an economic and fiscal snapshot. The federal government has used its strong fiscal position to stabilize the economy and support Canadians by putting in place the largest economic aid package in generations.

    While the toll of COVID-19 on the broader economy in 2020 is expected to be the largest and most sudden economic contraction since the Great Depression, measures to flatten the pandemic curve in Canada are paying off, and efforts are underway across the country to safely and gradually reopen the Canadian economy. The actions and investments of governments across Canada to date have helped us get this far. But the road towards recovery remains long and uncertain. Today, and in the months to come, our economic health will largely depend on our public health.

    Canada’s COVID-19 Economic Response Plan is ensuring Canadians have the support they need to put food on the table and keep a roof over their head. Representing nearly 14 per cent of Canada’s gross domestic product (GDP), the Plan includes more than $230 billion in measures to protect the health and safety of Canadians and provide direct support to Canadians, businesses and other employers, and up to $85 billion in tax and customs duty payment deferrals to meet liquidity needs of businesses and Canadian families.

    With comparatively low levels of debt, the Government of Canada has the room to borrow and support the Canadian economy. In fact, even given Canada’s increased borrowing needs due to the COVID-19 response, public debt charges are expected to fall in 2020-21, as a result of historically low borrowing rates.

    Through responsible fiscal management, the government is building a bridge from an emergency to a safer place where we can build a more resilient economy for the future.

    The government will continue to ensure Canadians are supported through this crisis and stands ready to take additional actions to mitigate the impacts of the pandemic.


    “The COVID-19 pandemic has had a major impact on the social and economic well-being of Canadians in every part of the country. For many it has meant lost jobs, lost hours and lost wages. Our government has understood, from the moment this pandemic began, that it was our role to step in to support Canadians and stabilize the economy. Our investments have meant that Canadians and Canadian businesses, instead of drowning in debt and closing up shop, will be better positioned to get back at it. As economies gradually and safely reopen, we will continue to ensure that Canadians have access to the support they need.”

    - Bill Morneau, Minister of Finance

    Quick facts

    Today’s economic and fiscal snapshot noted that:

    • As businesses and many sectors of the economy closed or curtailed their activities as a result of the pandemic, the Canadian and global economies took a severe hit. In Canada, 5.5 million Canadians – 30per cent ofthe workforce – either lost their jobs or saw their hours significantly scaled back over March and April.
    • Private sector economists expect an annualized decline of over 40 per cent in Canada’s real GDP in the second quarter of this year. They expect the economy to contract by 6.8 per cent in 2020 as a whole, its sharpest drop since the Great Depression, before rebounding by 5.5 per cent in 2021.
    • There are now growing signs that the worst of the economic shock is behind the Canadian economy, as the gradual and safe reopening of the economy continues. The shape of Canada’s economic recovery is uncertain and highly dependent on public health.
    • The decisive and substantial support providedthrough the government’s economic response planhelped prevent further costly damage to the Canadian economy by replacing the more than $40 billion lost in labour income, preventing the contractionin real GDPto reach over 10 per cent in 2020 and the unemployment rate to rise by a further 2 percentage points.
    • The temporary measures implemented through the government’s economic response plan will have a significant impact on the federal deficit.Coupled with the severe deterioration in the economic outlook, these result in a projected deficit of $343.2 billion in 2020-21.
    • While this year’s deficit estimate is elevated, the government’s response is in line with the fiscal response deployed by other comparator countries.Coming out of the crisis, Canada is expected to maintain its low debt advantage among G7 countries. The government’s commitment to maintaining this advantage will help ensure that future generations are not burdened with COVID-19 related debt.
  • Building a Bridge for Business - Government of Canada

    The government has taken immediate and decisive action to help keep Canadians employed and support businesses through this challenging time. Canada’s COVID-19 Economic Response Plan includes support for businesses of all sizes so that they can avoid layoffs, pay their employees and cover their rent.

    Canada Emergency Business Account (CEBA)

    Small businesses and not-for-profits have access to the Canada Emergency Business Account (CEBA), which provides interest-free, partially forgivable loans of up to $40,000 and is offered through financial institutions, such as banks and credit unions, in cooperation with Export Development Canada.

    As of July 3, 688,000 applicants have been approved for CEBA for a total of $27.41 billion in funds disbursed, including $7 billion of which is forgivable if the loan is paid back before December 31, 2022. Over 65 per cent of the businesses eligible based on the payroll criteria have benefitted from the program.

    Canada Emergency Wage Subsidy (CEWS)

    To help keep Canadians employed and support businesses, the government introduced the Canada Emergency Wage Subsidy (CEWS) – a wage subsidy of 75 per cent for qualifying employers, up to $847 per week per employee, beginning March 15, 2020. The CEWS gives employers financial support so they can keep or re-hire their workers. The CEWS helps Canadians keep their jobs, and prepares businesses to rebound from the crisis in a strong position. To date, the program has supported about three million employees by helping them stay in the workforce or return to work.

    Taking into consideration the comments of key business and labour organizations during April and early May, the government announced on May 15, 2020 a proposal to extend the CEWS by an additional 12 weeks to August 29, 2020. The May 15 announcement also included a proposal to extend eligibility for the CEWS to a number of other types of employers that were not included previously.

    Canada Emergency Commercial Rent Assistance (CECRA)

    As Canadians take action in the fight against COVID-19, many small businesses have been forced to close entirely and as a result have struggled to pay rent. Together with the provinces and territories, the government introduced the Canada Emergency Commercial Rent Assistance (CECRA), which helps lower rent for eligible small businesses by 75 per cent in April, May and June, with a one-month optional extension to cover July rent.

    As of July 3, Canada Mortgage and Housing Corporation (CMHC), the CECRA program administrator, has approved applications representing over 29,000 small businesses with over 209,000 employees, and total requested funding of over $221 million. In addition to thousands of applications by property owners in progress or being processed, CMHC is working closely with large property owners to complete applications to provide rent support to a further 25,000 small businesses.

    Local, Family-owned Restaurant

    Sammy owns a family-run restaurant that his parents opened when they immigrated to Canada.

    • In March, to comply with emergency measures, Sammy was forced to temporarily close the restaurant, and lay off the restaurant’s employees with no pay. Sammy’s restaurant never offered take-out or delivery, but, on April 19, Sammy decided to offer these services to the community, and was able to hire back four of his staff, each with a salary of $750 per week. Despite his efforts, Sammy experienced an average revenue decline of more than 70 per cent from April to June compared to the corresponding periods in 2019.
    • Sammy was very concerned about how to pay his $5,000 in rent. In late March, Sammy approached his property owner, Mary, about the possibility of reducing his monthly rent. While Mary was very sympathetic, and concerned about her ability to preserve her future rental revenue should Sammy lose his business, she was only able to defer a portion of Sammy’s rent given her own expenses to maintain the commercial property.
    • Sammy and Mary were able to access the CECRA. Mary obtained a forgivable loan from CMHC in the amount of $7,500, equal to 50 per cent of Sammy’s gross monthly rent for April, May and June, and is considering applying for the one-month extension to provide Sammy with a bridge to relaunch his business as the economy re-opens. Sammy and Mary equitably shared the remaining 50 per cent of Sammy’s monthly rent, reducing Sammy’s rental obligations to a more manageable $1,250 per month for the corresponding period.
    • Sammy was able to access the CEWS which provides a subsidy of 75 per cent of an employee’s salary to help him pay for his labour costs. For the months of April to early June, he received a total of $15,750 in CEWS support to pay his four employees.
    • Sammy was also able to access the Canada Emergency Business Account, an interest-free, partially forgivable loan of up to $40,000 to help pay non-deferrable operating expenses for his business, including the rent and payroll expenses remaining after receiving CECRA and CEWS. Through his financial institution, Sammy could also apply for the SME Loan and Guarantee Program under the Business Credit Available Program should he need additional financing.
    • In addition, Sammy has the flexibility to defer any payment of income tax amounts that become owing until after August 31, 2020, and was able to defer remittance of collected GST/HST and customs duties until June 30.

    Business Credit Availability Program (BCAP)

    Through the Business Credit Availability Program (BCAP), the government has ensured that credit and liquidity support is available to small and medium-sized businesses who need it. The Small and Medium Enterprise Co-lending Program allows eligible businesses to access up to $12.5 million in liquidity support, and a further loan of up to $6.25 million is available through the BCAP Guarantee Program. As of July 3, 148 guarantees have been confirmed for a total loan value of over $303.59 million. Based on the experience with similar products made available during the 2009 financial crisis, uptake of these programs is expected to grow steadily over time.

    The BCAP is also providing support tailored for mid-market businesses with larger financing needs from across the economy. Support for these businesses includes loans of up to $60 million per company and guarantees providing enhanced access to loans of up to $80 million. Access to financing supports ensures larger companies can pay the salaries of millions of Canadians these businesses employ, and support the suppliers who rely on their business.

    A Small Manufacturing Company

    Ali owns a small manufacturing corporation in Markham, Ontario that fabricates auto parts. 75 per cent of its output is exported. The company employs 25 full time employees, each earning an average monthly salary of $4,250. They have had a few large orders suspended, resulting in a 35 per cent revenue drop.

    The company was able to access the CEWS for wage subsidies of $79,688/month, for a total benefit of $239,063 for the period of March 15 to June 6, 2020 to maintain its workforce of 25 employees. It can defer any payment of income tax amounts that become owing until after August 31, 2020, giving the business more financial flexibility to address immediate needs. The company was also able to defer payments of GST/HST, as well as customs duty payments on imports, until June 30.

    Ali was also able to access the Canada Emergency Business Account, an interest-free, partially forgivable loan of up to $40,000 to help pay non-deferrable operating expenses for his business, including the rent and payroll expenses.

    Ali can also speak to his bank about existing business credit products and specific opportunities for relief. If his needs exceed the level of support Ali’s bank is able to provide, the bank could utilize the BCAP SME Loan and Guarantee Program that may offer up to $18.75 million of additional credit for the company.

    Large Employer Emergency Financing Facility (LEEFF)

    Canada’s large-sized companies employ millions of Canadians. The LEEFF program supports Canada’s largest employers, with annual revenues generally in the order of $300 million or higher and seeking financing of $60 million or more. Canada’s large-sized companies employ millions of Canadians. The government has put in place the Large Employer Emergency Financing Facility (LEEFF) to help them get through this crisis so that they can continue to support their workers. The LEEFF offers significant bridge financing to firms whose needs during the pandemic are not being met through conventional financing. Applications for LEEFF have been received and are currently undergoing the necessary due diligence to protect taxpayers.

    The LEEFF is available to support Canadians working in sectors across the economy in a fair and consistent way. Companies that receive LEEFF funding are required to publish an annual climate-related financial disclosure report, provide information on how they are contributing to achieving Canada’s commitments under the Paris Agreement and goal of net-zero by 2050, and meet obligations under existing pension plans and collective bargaining agreements.

  • Prime Minister Announces Opening of Program to Protect Jobs and Help Businesses

    May 20, 2020

    Ottawa, Ontario

    Canadians are focused on keeping their jobs and paying their bills, as they continue to deal with the impacts of COVID-19. That’s why the Government of Canada has put jobs and workers first, in our approach to support businesses during this challenging time.

    The Prime Minister, Justin Trudeau, today announced that application documents and updated criteria for Canada Emergency Commercial Rent Assistance (CECRA) for small businesses are now available, and that the program will be opened for applications beginning on May 25.

    The Government of Canada is focused on safeguarding workers’ jobs as we continue to deal with this pandemic. That’s why we reached an agreement in principle last month with all provinces and territories to implement CECRA. This program will provide forgivable loans to eligible commercial property owners, who in turn will give a rent reduction of at least 75 per cent for April and May (retroactive), and June, to their small business tenants.

    This program provides property owners the opportunity to do their part in helping small businesses and their employees succeed in these challenging times. We’re all in this together, and that’s why the government is stepping up to provide rent relief to businesses, while helping property owners maintain rental income through this crisis.

    CECRA will provide important relief for small businesses experiencing financial hardship, and is another measure that helps businesses keep Canadians on the payroll. Applications will be accepted through the Canada Mortgage and Housing Corporation website beginning on May 25, and application documents can be accessed now.

    The Government of Canada’s COVID-19 Economic Response Plan is protecting middle class jobs and helping Canadian businesses through this crisis. Together, we will continue to ensure Canadians have what they need to pay their bills and keep their families safe and healthy during these challenging times.


    “Canadians want to know that their jobs are protected and their families are safe and healthy. That’s why we’re stepping up to provide support that will keep workers on the payroll, protect middle class jobs, and help Canadians recover quickly once we make it through these difficult times.”

    The Rt. Hon. Justin Trudeau, Prime Minister of Canada

    “The COVID-19 pandemic continues to have a profound impact on Canadians. We thank and commend the many property owners who have already taken action to help their tenants during this crisis. With CECRA, the Government of Canada is stepping up to support Canada’s small businesses. The forgivable loans will significantly lower the rent for small business tenants and keep them prepared to bounce back when this crisis subsides.”

    The Hon. Bill Morneau, Minister of Finance

    Quick Facts

    • CECRA will provide forgivable loans to qualifying commercial property owners, whether they have a mortgage on their property or not. The loans will cover 50 per cent of three monthly rent payments that are payable by eligible small business tenants who are experiencing financial hardship during April, May, and June.
    • The loans will be forgiven if the qualifying property owner agrees to reduce the small business tenants’ rent by at least 75 per cent under a rent reduction agreement, which will include a term not to evict the tenant while the agreement is in place. The small business tenant would cover the remainder, up to 25 per cent of the rent.
    • Impacted small business tenants are businesses that are paying less than $50,000 per month in gross rent in a given location, with annual revenues of less than $20 million (at the ultimate parent level), and who have experienced at least a 70 per cent drop in pre-COVID-19 revenues.

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  • Prime Minister Announces Expansion of Support for Workers and Small Businesses

    May 19, 2020

    Ottawa, Ontario

    Throughout the pandemic, the Government of Canada has focused on keeping Canadians safe and healthy and helping families pay their bills. That’s why we have introduced strong measures to protect middle class jobs and support businesses, so they can keep Canadians on the payroll during this challenging time.

    The Prime Minister, Justin Trudeau, today announced an expansion to the eligibility criteria for the Canada Emergency Business Account (CEBA) to include many owner-operated small businesses. This extended measure will help small businesses protect the jobs that Canadians rely on.

    The changes to the CEBA will allow more Canadian small businesses to access interest free loans that will help cover operating costs during a period when revenues have been reduced, due to the pandemic.

    The program will now be available to a greater number of businesses that are sole proprietors receiving income directly from their businesses, businesses that rely on contractors, and family-owned corporations that pay employees through dividends rather than payroll.

    To qualify under the expanded eligibility criteria, applicants with payroll lower than $20,000 would need:

    • a business operating account at a participating financial institution
    • a Canada Revenue Agency business number, and to have filed a 2018 or 2019 tax return.
    • eligible non-deferrable expenses between $40,000 and $1.5 million. Eligible non-deferrable expenses could include costs such as rent, property taxes, utilities, and insurance.

    Expenses will be subject to verification and audit by the Government of Canada. Funding will be delivered in partnership with financial institutions. More details, including the launch date for applications under the new criteria, will follow in the days to come. To date, over 600,000 small businesses have accessed the CEBA, and the government will work on potential solutions to help business owners and entrepreneurs who operate through their personal bank account, as opposed to a business account, or have yet to file a tax return, such as newly created businesses.

    This measure is part of the Government of Canada’s COVID-19 Economic Response Plan, which is putting Canadians and the protection of middle class jobs first. We will continue to help all Canadians, and together we will get through this crisis.


    “Canadians are counting on us to protect their jobs and help them pay their bills during this difficult time. By expanding the CEBA, we will be giving more businesses access to the support they need, so they can help protect workers and the jobs they rely on. Today we are helping to keep more businesses open and more Canadians working, so we are better prepared for the recovery to come.”

    The Rt. Hon. Justin Trudeau, Prime Minister of Canada

    “Our government has been taking action since the start of this crisis to support the small businesses that define our Main Streets and provide jobs that Canadians rely on. We have been listening to you throughout this, and will continue to, to make sure we’re delivering the support Canadian businesses need to get through this tough time and be well positioned for success once the recovery begins.”

    The Hon. Bill Morneau, Minister of Finance

    “Small businesses are at the heart of our communities, and they drive our national economy. By making our lending supports more generous and inclusive, we’re working hard to save Canadian jobs and businesses. We will continue to be there for Canadian businesses and workers every step of the way through this crisis.”

    The Hon. Mary Ng, Minister of Small Business, Export Promotion and International Trade

    Quick Facts

    • Launched on April 9, 2020, the CEBA provides zero-interest, partially forgivable loans up to $40,000 to small businesses that have experienced diminished revenues due to COVID-19, but face ongoing non-deferrable costs such as rent, utilities, insurance, taxes, and employment costs. Twenty-five per cent of this loan is forgivable if repaid by December 31, 2022.
    • The CEBA is administered by Export Development Canada, which is working closely with Canadian financial institutions to deliver the loans to their existing business banking customers.
    • When first launched, the CEBA was designed to allow for rapid deployment of credit to businesses with 2019 payroll between $50,000 and $1 million. The government then expanded the eligibility parameters of the program, by increasing the payroll eligibility range to between $20,000 and $1.5 million.
    • Since the CEBA’s launch, over 600,000 loans have been approved, representing a total of more than $24 billion in credit.

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