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.


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 to December 31, 2020 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.

Period covered: Initial 6 four-week periods started on March 15, 2020 and were to end on August 29, 2020, have been extended to June 2021. The maximum subsidy rate to remain at 65% until December 19, 2020.

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:  Help businesses cover their operating costs during a period where their revenues have been temporarily reduced

Clientele:  CCPCs eligible to the small business deduction, individuals, registered charities, NPOs and partnerships

Eligibility:  Having a payroll account with CRA as of March 18, 2020

Amount:  10% of remuneration subject to caps; up to $1,375 per employee (to a maximum of $25,000 per entity), for Canadian employees

Period covered:  March 18 to June 19, 2020

Availability of funds:  Reduction of Federal income tax deduction at source remittances due for period covered.


Purpose: Help small businesses meet operating expenses.

Clientele: Corporationsand 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: 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.

Clientele: Domestic 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.


Purpose:  Help small business tenants meet operating expenses.

Clientele: Businesses, charities and NPOs that have suffered a revenue drop (to be determined).

Support quantum:

  • % of eligible expenses on a sliding scale, up to a maximum of 65% until December 19, 2020.
  • 25% top-up for organizations temporally closed due to public health order.

Eligible expenses: To include rent and interest on commercial mortgages.

Duration: October 2020 to June 2021.

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 $ 

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.

Eligibility: Businesses, located in a red zone, forced to cease their operations between October 1 and October 28, 2020 because of the pandemic. Includes namely restaurants (even restaurants opened for pick up and delivery), bars and museums. To be eligible, the business must have been closed following a government decree for at least 10 days during October 2020.  

Quantum of forgivable component: 80% of eligible fixed expenses incurred, up to 15,000 $. 

Eligible fixed expenses include: 

  • Rent 
  • Insurance 
  • Interests on mortgage loan 
  • Municipal and school taxes 
  • Utilities
  • Etc. 

Period covered: October 1 to October 28, 2020.  

Availability: Through Investissement Quebec and/or your RCM on loans already granted or to be granted. 


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