Our Location
Place du Canada
300-1010 De La Gauchetière St. W. Montréal, QC H3B 2S1
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.
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:
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
Purpose: To provide support to industries not covered by the THRP
Eligibility:
Support quantum:
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
Purpose: To provide support to industries subject to a public health order
Eligibility:
Support quantum:
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.
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.
For more information and to discuss on our flexible terms and conditions of payment,
please contact one of our Crisis Relief Team members:
Place du Canada
300-1010 De La Gauchetière St. W. Montréal, QC H3B 2S1
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