The Canada United Small Business Relief Fund is offering $5,000 grants

Starting on October 26, small businesses can apply online through the Ontario Chamber of Commerce for the next wave of Canada United Small Business Relief Fund grants.

  • Applications are open to small businesses across sectors and industries in every part of the country that have between $150,000 and $3 million in annual sales; have up to 75 employees; are registered in Canada; and would use the grant to cover the costs of personal protective equipment, make physical modifications to their businesses to meet local health and safety requirements, and enhance their digital or e-commerce capabilities.

  • To support Canadians during the COVID-19 pandemic, the Government of Canada introduced the largest relief package in our country’s history, which includes the following major programs for business owners and their employees:

    • The Canada Emergency Wage Subsidy (CEWS) is helping businesses by covering up to 75% of payroll, retroactive to March 15 and with the intention of continuing support into summer 2021.

    • The expanded Canada Emergency Business Account (CEBA) will provide businesses with an additional $20,000 interest-free loan on top of the original $40,000 CEBA loan.

    • The new Canada Emergency Rent Subsidy, building on the Canada Emergency Commercial Rent Assistance (CECRA), would provide simple and easy-to-access rent and mortgage support until June 2021 for qualifying organizations affected by the pandemic.

    • The Regional Relief and Recovery Fund (RRRF) is delivered through Canada’s regional development agencies and supports small businesses across Canada that have been unable to access existing relief measures. Originally vested with $962 million, the RRRF has been topped up with an additional $600 million.

  • In addition to broad support programs, the government’s COVID-19 Economic Response Plan includes targeted measures to help tourism businesses, rural communities, artists and athletes, innovative high-growth businesses, Indigenous-owned businesses, women entrepreneurs, farmers and agri-food businesses, and more.


https://www.canada.ca/en/innovation-science-economic-development/news/2020/10/minister-ng-announces-support-for-small-businesses-through-the-canada-united-small-business-relief-fund.html

Jane Zhao