Crisis Relief Program

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 May 19, 2022.

Wage Subsidy Programs

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 following periods, a revenue decline > 10%

Amount: Subsidy rate up to 50%

Period covered: Extended to May 7, 2022

Note: Program application is still possible up to 180 days after end of any given period.

Tourism and Hospitality Recovery Program (THRP)

Purpose: To provide support to the tourism and hospitality sector through a combination of wage and rent subsidy

Clientele: Organizations in selected sectors of the hospitality & tourism industry such as but no limited to hotels, restaurants, bar, tour operators, museums and trade show organizers

Eligibility: Average monthly revenue reduction of at least 40% over March 2020 to February 2021 AND current month revenue reduction of at least 40% over comparable period

Support quantum:

From October 24, 2021 to March 12, 2022 (periods 22 to 26)
- Current month decline > 75%: subsidy rate of 75%
- Current month decline between 40% and 75% -> subsidy rate equal to revenue decline
From March 13, 2022 to May 7, 2022 (periods 27 to 28)
- Current month decline > 75%: subsidy rate of 37.5%
- Current month decline between 40% and 75%: subsidy rate equal to 50% of revenue decline

Eligible expenses: Eligible remuneration and eligible rent expenses as currently defined for the Canada Emergency Wage Subsidy (CEWS) and Canada Emergency Rent Subsidy (CERS). Monthly cap on eligible expenses under the CERS to be increased from $300,000 to $1,000,000

Hardest-Hit Business Recovery Program (HHBRP)

Purpose: To provide support to industries not covered by the THRP

Eligibility:

Average monthly revenue reduction of at least 50% over March 2020 to February 2021
Current month revenue reduction of at least 50% over comparable period

Support quantum:

From October 24, 2021 to March 12, 2022 (periods 22 to 26)
- Current month decline > 75% -> subsidy rate of 50%
- Current month decline between 50% and 75% -> subsidy rate of 10% + (revenue decline – 50%) X 1.6
From March 13, 2022 to May 7, 2022 (periods 27 to 28)
- Current month decline > 75% -> subsidy rate of 25%
- Current month decline between 50% and 75% -> subsidy rate of 5% + (revenue decline – 50%) X 0.8

Eligible expenses : Eligible remuneration and eligible rent expenses as currently defied for the CEWS and CERS. Monthly cap on eligible expenses under the CERS to be increased from $300,000 to $1,000,000

Local Lockdown Program

Purpose: To provide support to industries subject to a public health order

Eligibility:

From October 24, 2021 to December 18, 2021 (periods 22 to 23) and February 13, 2022 to May 7, 2022 (periods 26 to 28)
- Organizations affected by a qualifying public health restriction
- Current month revenue decline of at least 40%
From December 19, 2021 to February 12, 2022 (periods 24 and 25)
- Organizations affected by a qualifying public health restriction, which includes organization subject to an order reducing its capacity by at least 50%
- Current month revenue decline of at least 25%

Support quantum:

For periods 22 and 23
- Current month decline > 75%: subsidy rate of 75%
- Current month decline between 40% and 75% -> subsidy rate equal to revenue decline
- Current month decline under 40% -> subsidy rate of 0%

For periods 24 and 25
- Current month decline > 75%: subsidy rate of 75%
- Current month decline between 25% and 75% -> subsidy rate equal to revenue decline
- Current month decline under 25% -> subsidy rate of 0%

For periods 26 to 28
- Current month decline > 75%: subsidy rate of 37.5%
- Current month decline between 40% and 75% -> subsidy rate equal to half of revenue decline
- Current month decline under 40% -> subsidy rate of 0%

Eligible expenses : Eligible remuneration and eligible rent expenses as currently defined for the Canada Emergency Wage Subsidy (CEWS) and Canada Emergency Rent Subsidy (CERS). Monthly cap on eligible expenses under the CERS to be increased from $300,000 to $1,000,000.

The Business Credit Availability Program (BCAP)

Canada Emergency Business Account (CEBA)

Purpose: Help small businesses meet operating expenses.

Clientele: Corporations and 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 $60 000 in the form of a line of credit 

Tenor and interest rate: Interest- free for the first year, government-guaranteed; Repayment incentive/forgiveness of between $10,000 and $20,000 if balance repaid by or on December 31, 2023.

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

Other specifics: An attestation of the impact of the COVID-19 pandemic will be required to obtain the extra financing of $20,000.