Crisis Relief Program

We're Here To Help

We recognize that in times like these, everyone is conscious of cash flow pressures and the urgency of matters. We all need to lend a hand to help each other and collectively emerge from the storm called COVID-19.

In order to help you out, we have built simple, fixed-fee (and deeply reduced) offering and collection process to assist you: an emergency support team is ready to help you stay the course. Our goal is to help you navigate through these difficult times, stay afloat and be ready to restart your business in full force once the storm is behind us.

Updated August 2, 2021.

Wage Subsidy Programs

Purpose: Help businesses keep and return workers to their payroll. 

Clientele: Corporations, individuals, registered charities, NPOs and partnerships. 

Eligibility: 15% revenue drop for March 2020 and 30% drop for April, May and June 2020. Any revenue drop from July 2020 to October 2021 qualifies for the subsidy. 

Amount: Subject to a formula for March to June 2020. No cap per eligible entity. From July on, the basic subsidy is based on the amount of revenue drop and an additional top-up subsidy for employers whose revenues are down 50% or more. Maximum subsidy of 75% for periods 11 to 16. Scaled down rate for periods 17 to 21 (from 75% to 20%).  

Period covered: Covers remuneration from March 15, 2020 to to October 23, 2021. 

Deadline to file a claim: Periods 1 to 11 no longer available. Period 12 available until August 12, 2021.

Availability of funds: Since April 27, 2020, the CRA platform is live. Processing time of an application is between 7 and 10 business days.

Purpose: to compensate eligible entities for extra costs incurred for increased wages or hours worked or hiring more staff 

Clientele: Employers eligible for the CEWS would be generally eligible to the CRHP including individuals, NPOs, registered charities and certain partnerships. However, for-profit corporation would be eligible only if it is a CCPC 

Eligibility: for the first period, a revenue decline > 0%, for the next 5 periods, a revenue decline > 10% 

Amount: Subsidy rate varying between 20% and 50%  

Period covered: June 6, 2021 to November 20, 2021 

Note: It is NOT possible to claim both the CRHP and CEWS. 

The Business Credit Availability Program (BCAP)

Purpose: Help small businesses meet operating expenses.

ClienteleCorporationsand NPOs

Eligibility: 2019 payroll between $20,000 and $1,5M based on 2019 T4SUM summary of remuneration paid (payroll stream). Eligibility expanded to include applicant with remuneration under $20,000 if applicant has non deferrable expenses between $40,000 and $1,500,000 in 2020 (Non deferrable expenses stream).

Amount: Up to $40 000 in the form of a line of credit

Tenor and interest rate: Interest- free for the first year, government-guaranteed; Repayment incentive/forgiveness of 25% of loan up to $10,000 if balance repaid by or on December 31, 2022. 

Availability of funds: Application deadline with your financial institution is December 31, 2020

Extension: An extra 20,000 $ (of which 10,000 $ will be forgiven is repaid by December 2022). More details will be available shortly.

Other specifics: An attestation of the impact of the COVID-19 pandemic will be required to obtain the extra financing.

Purpose: To fund operational cash flow needs (including regularly scheduled principal and interest payments on existing debt). 

Clientele:  Canadian qualifying SMEs.

Amount:  New additional credit up to $6,25M (Co-lender BDC 80% and financial institution 20%).

Tenor and interest rate:  Commercial interest rate applies; 10-year repayment period.

Availability of funds: Available with most financial institutions until September 30, 2020.

Purpose: Provide financial support to businesses that have been hardest hit by the pandemic.

Clientele: Same as CEWS or CERS

Eligibility: 50% revenue decline year over year for 3 months within 8 months prior filing an application and have filed a claim under the CEWS or CERS

Amount : Between $25,000 and $6,250,000

Tenor and interest rate: 10 years at low-interest rate

Availability of funds: Applications can be made starting February 1, 2021

Purpose: To finance operations and liquidity needs of the business only. 

Clientele:  Domestic businesses and Export-oriented Canadian businesses.

Eligibility:  May be subject to conditions per your financial institution.

Amount: EDC guarantee of up to $80M (financial institution 100%).

Tenor and interest rate:  Interest rate and repayment period to be determined by lending financial institution.

Availability of funds: TBD in cooperation with the applicant’s financial institution.

Purpose: To cover operational liquidity needs and business continuity. 

ClienteleDomestic businesses and Export-oriented Canadian businesses.

Eligibility: May be subject to conditions per your financial institution.

Amount: New additional credit up to $60M.

Tenor and interest rate: Interest rate and repayment period to be determined by your financial institution.

Availability of funds: TBD in cooperation with the applicant’s financial institution.

Other Programs

Purpose:  Help small business tenants meet operating expenses. 

Clientele: Businesses, charities and NPOs that have suffered a revenue decline. 

Support quantum: 

  • Percentage of eligible expenses on a sliding scale, up to a maximum of : 
    • 65% until July 3, 2021  
    • 60% until July 31, 2021 
    • 40% until August 28, 2021 
    • 40% until September 25, 2021 
    • 20% until October 23, 2021
  • 25% top-up for organizations temporarily closed due to public health order (lockdown support). 

Eligible expenses: 

  • For tenant: to include rent 
  • For landlord: to include interest on commercial mortgages, property insurance and property taxes. 

Duration: October 2020 to October 2021.  

Availability of funds: Since November 30, 2020, the CRA platform is live. Processing time of an application is between 7 and 10 business days. 

Other specifics: Support provided directly to tenant while also providing support to property owners. 

Purpose: Providing emergency financing for businesses whose liquidity are impacted by COVID-19. 

Clientele: Businesses must show that their financial structure offers realistic prospects for profitability.  

Eligibility: All industries except without limitation, weapons manufacturing, production of tobacco and drugs, other activity that may offend public morals. Businesses cannot be under the protection of the Companies’ Creditors Arrangement Act or the Bankruptcy and Insolvency Act.  

Amount: Minimum of 50,000 $ loan and/or loan guarantee. 

Specific conditions for the tourism industry: 

  • Principal repayment deferred for up to 24 months 
  • Loan eligible to partial write-off (25%) up to 100,000 $ 

CECRA Quebec Top Up – 12.5% Subsidy :  Property owners of a commercial property located in the Province of Quebec will receive an additional 12.5%. That amount equals to 25% of the total CECRA funding already obtained. No additional information is required. Deadline to apply is December 18, 2020.


Purpose:  Provides bridge financing to large businesses whose needs are not met through conventional financing and to keep their operations going.

Clientele:  Large corporations with the exception of those in the financial sector with annual revenues over $300M, as well as certain not-for-profit businesses.

Eligibility:  Applicant will have to demonstrate how they intend to preserve employment and investment activities as well as collective bargaining agreements and commit to protect workers’ pensions.

Period covered: TBD in cooperation with the applicant’s financial institution.

Amount:  Minimum of $60M. 

Availability of Funds: Government is in the final stages of establishing the program and further information will be provided shortly.

Make Educated Decisions

As you can see, there are many programs available to you. However, your situation is unique: whether you need a simple consult or help to file applications, you need to make educated decisions, based on your current situation AND how you want to restart your activities. Regardless of the program you choose or the financial institution you are dealing with, you will need to demonstrate your loss of income and provide a proper company cashflow projection, prepared by a knowledgeable person.

Knowing Who You Can Count On

Our Crisis Relief Team will:

Meet the Team

For more information and to discuss on our flexible terms and conditions of payment,
please contact one of our Crisis Relief Team members:

Additional Information


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*For all new clients, a background verification acceptable to the Firm will be required before accepting the mandate. The Firm reserves the right to cease work, and not refund any deposits, if a potential client is working in bad faith on any of the Government programs, and/or is uncooperative with our team in reaching the desired deliverables. Our reputation in the Financial and Business Community is vital to the success and credibility of our Firm and its team. We expect the same from potential clients, and we have demanded of our existing clients over the years.

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