Sustain your business through loans, financing, and programs

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Financial support measures are being rolled out across all levels of government to help businesses through the COVID-19 pandemic and into economic recovery. Below are the measures availble through:


Federal Government COVID-19 Response Plan

Avoiding layoffs & rehiring employees   Access to credit   Support for self-employed & employees   Indigenous businesses   Sector-specific

Avoiding layoffs and rehiring employees

  • Canada Emergency Wage Subsidy 
    Covers up to 75% of an employee's wages for eligible employers. Available until June 2021.  Learn More
  • Extended Work-Sharing Program
    The maximum duration of the Work-Sharing program has been extended from 38 weeks to 76 weeks for employers affected by COVID-19. This measure will provide income support to employees eligible for Employment Insurance who agree to reduce their normal working hours because of developments beyond the control of their employers.  Learn More
  • Student Work Placement Program
    The Federal Government has provded $80 million to support up to 20,000 post-secondary students across Canada to obtain paid work experience related to their field of study.  Learn More


Access to credit

  • Canada Emergency Business Account
    Applications for this interest-free loan has been extended until March 31, 2021. The loan provides up to $60,000 to small businesses and not-for-profits, to help cover their operating costs during a period where their revenues have been temporarily reduced. Businesses who have previously qualified for the $40,000 loan may apply for a $20,000 expansion. Repaying the balance of the loan on or before December 31, 2022 will result in a loan forgiveness of 33% (up to $20,000).  Learn More
  • Canada Emergency Rent Subsidy 
    Support of up to 65% of rent costs or mortgage interest payments for qualifying businesses, charities and non-profits. Subsidy rates are in effect until December 19, 2020 and the support is available directly to tenants. Qualifying organizations that have been significantly restricted by a mandatory public health order issued by a qualifying public health authority can receive an additional 25% of rent support through the Lockdown Support. Learn More
  • NEW | Highly Affected Sectors Credit Availability Program (HASCAP)
    Provides businesses heavily impacted by COVID-19, access guaranteed, low-interest loans of $25,000 to $1 million to cover operational cash flow needs. HASCAP is available to businesses that operate in sectors such as tourism and hospitality, restaurants and those that primarily rely on in-person services. Learn More
  • Loan Guarantee for Small and Medium-Sized Enterprises | Available until Jun 2021
    Through the Business Credit Availability Program, Export Development Canada is working with financial institutions to guarantee 80% of new operating credit and cash flow term loans of up to $6.25 million to small and medium-sized enterprises (SMEs).  Learn More
  • Co-Lending Program for Small and Medium-Sized Enterprises | Available until Jun 2021
    Through the Business Credit Availability Program, Business Development Canada is working with financial institutions to co-lend term loans of up to $6.25 million to SMEs for their operational cash flow requirements.  Learn More
  • Mid-Market Financing Program | Available until Jun 2021
    Through the Business Credit Availability Program, the Business Development Canada’s Mid-Market Financing Program will provide commercial loans ranging between $12.5 million and $60 million to medium-sized businesses whose credit needs exceed what is already available through the Business Credit Availability Program and other measures.  Learn More
  • Mid-Market Guarantee and Financing Program
    Through the Business Credit Availability Program, EDC’s Mid-Market Guarantee and Financing Program will bring liquidity to companies who tend to have revenues of between $50 million to $300 million, to sustain operations during this uncertain period. EDC will continue to work with Canadian financial institutions to guarantee 75 % of new operating credit and cash-flow loans – ranging in size from $16.75 million to a maximum of $80 million. More details to come.
  • Supporting Black business owners and entrepreneurs through the Black Entrepreneurship Loan Fund
    Providing Black business owners and entrepreneurs loans between $25,000 and $250,000. More details to come. 
  • Large Employer Emergency Financing Facility (LEEFF)
    This program provides bridge financing to Canada's largest employers, whose needs during the pandemic are not being met through conventional financing, in order to keep their operations going. The additional liquidity provided through LEEFF allows Canada's largest businesses, their workers and their suppliers to remain active during this difficult time, and position them for a rapid economic recovery.   Learn More
  • Regional Relief and Recovery Fund (RRRF)
    $1.5 billion has been provided through the Regional Relief and Recovery Fund (RRRF) to help more businesses and organizations in sectors such as manufacturing, technology, tourism and others that are key to the regions and to local economies. This fund is specifically targeted to those that may require additional help to recover from the COVID-19 pandemic, but have been unable to access existing support measures.   Learn More
  • Young entrepreneurs
    The Federal Government has provided $20.1 million in support for Futurpreneur Canada to continue supporting young entrepreneurs across Canada who are facing challenges due to COVID-19. The funding will allow Futurpreneur Canada to provide payment relief for its clients for up to 12 months. Learn More


Support for self-employed individuals & employees

  • Canada Recovery Benefit 
    A benefit of $500 per week for up to 26 weeks, to workers who are self-employed or are not eligible for Employment Insurance (EI) and who still require income support. Learn More
  • Canada Recovery Sickness Benefit 
    A benefit of $500 per week for up to two weeks, for workers who cannot work because they are sick or must self-isolate for reasons related to COVID-19.  Learn More
  • Canada Recovery Caregiving Benefit 
    A benefit of $500 per week, for up to 26 weeks per household to eligible workers who cannot work because they must provide care to children or family members due to the closure of schools, day cares or care facilities  Learn More


Indigenous businesses

  • Relief measures for Indigenous businesses
    Up to $40,000 funding available to small and medium-sized Indigenous businesses.  Learn More
  • Supporting business through the pandemic and into recovery
    Providing non-repayable financial contributions to help support operating costs for First Nation, Inuit and Métis community or collectively-owned businesses and microbusinesses whose revenues have been affected by the COVID-19 pandemic. The fund seeks to provide support for businesses that do not qualify for other Government of Canada COVID-19 relief mesasures.  Learn More


Sector-specific supports


  • Keeping workers in the food supply chain safe
    The Mandatory Isolation Support for Temporary Foreign Workers Program (MISTFWP) provides support of $1,500 for each temporary foreign worker, to employers or those working with them to ensure requirements are fully met. The funding is conditional on employers not being found in violation of the mandatory isolation.  Learn More
  • Increasing credit availability
    Farm Credit Canada is able to provide an additional $5 billion in lending to producers, agribusiensses, and food processors.  Learn More
  • Canadian Seafood Stabilization Fund
    The Federal Government has provided $62.5 million in funding to help fish and seafood processing businesses access short-term financing, add storage capacity, comply with new health and safety measures, support new technologies, and adapt products to respond to changing requirements and market demands.  Learn More
  • Fish Harvester Benefit
    Income support for eligible self-employed fish harvesters and sharespersons crew to cannot access the Canada Emergency Wage Subsidy. The benefit covers up to 75% of income losses beyond a 25% threshold for the 2020 tax year when compared to 2018 or 2019. The maximum benefit is $10,614.  Learn More
  • Changes to Employment Insurance (EI) fishing benefits
    EI fishing benefits for self-employed fish harvesters and sharespersons can be calculated using either actual fishing earnings for your current claim, or fishing earnings from your claim for the same season from the previous year, whichever is higher.


  • Short-Term Compensation Fund for Canadian Audiovisual Productions (STCF)
    Through the Fund, Telefilm Canada will indemnify eligible producers for reasonable Canadian production costs directly caused by an interruption of more than one day of filming or the producer's abandonment of the production prior to the end of filming due to a confirmed diagnosis of COVID-19 of an Actor or Director or a confirmed COVID-19 outbreak on set that requires a complete production shutdown.  Learn More
  • Waiving payments for Part I licence fees
    The Canadian Radio-television and Telecommunications Commission (CRTC) will not issue letters requesting payment for Part I licence fees by broadcasters for the 2020–21 fiscal year.

Read Canada's full COVID-19 Economic Response Plan

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Provincial Government BC Economic Recovery Plan

On September 17, 2020, the Province of BC announced StrongerBC, B.C.'s Economic Recovery Plan. The plan focusses on four main areas: better health care, getting people back to work, supporting businesses, and building stronger communities. Below are some of the support measures for businesses:

  • NEW | COVID-10 Paid Sick Leave
    Employers are required to offer employees 3 days of paid sick leave if they need to stay home as a result of circumstances related to COVID-19. If your workplace does not have an existing sick leave program, the Province will reimburse up to $200 day. Learn more
  • Circuit Breaker Business Relief Grant
    Funding to provide businesses affected by the March 30, 2021 Provincial Health Orders with up to $10,000 in one-time funding to help with expenses like rent, insurance, employee wages, maintenance and utilities. The grant can also help cover unexpected costs that resulted from the restrictions, such as the purchase of perishable goods. Learn more
  • Accelerating Manufacturing Scale-Up Grant
    Funding to strengthen the province’s manufacturing businesses in all sectors to support B.C.’s economic recovery through prototyping, piloting or demonstrating new technologies, commercializing new technologies and/or products, improving market access, and identifying and implementing operational improvements. The program will provide 75% of project costs to a maximum of $250,000 for individual business projects, or up to $500,000 for projects by a group of businesses. Applications accepted between April 15 and May 31, 2021. Learn more
  • Launch Online Grant Program
    The Launch Online Grant program provides funding to B.C.-based business to create an online shop or an online booking system and/or improve their existing online operations in order to attract new local customers and expand to new markets. The grant will pay for up to 75% of eligible expenses, up to a maximum of $7,500 per business. Learn more
  • B.C. Increased Employment Incentive
    A refundable tax credit for employers which encourages the creation of new jobs for B.C. workers or increases in payroll for existing low- or medium-income employees. The tax credit is calculated at 15% of the amount that the employer’s qualifying B.C. remuneration exceeds the employer’s base B.C. remuneration. Learn more
  • Small and Medium-Sized Business Recovery Grant
    A grant of $10,000 - $30,000 for businesses that employ between 2 and 149 BC residents and have experienced declines in revenue since March 10, 2020. An additional $5,000 - $10,000 grant is available to eligible tourism-related businesses that have been especially hard hit by COVID-19. Learn more
  • New fund to scale up new B.C. businesses
    Launching a new $500 million strategic investment fund — called InBC — to help B.C. businesses scale up. B.C.’s investment. Investment strategy and criteria anticipated to be published Spring 2021.  Learn more

Learn more about StrongerBC, B.C.'s Economic Recovery Plan

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Surrey Economic Action and Recovery Plan


  • NEW | Parking to Patio Program Fees Waived & Facade Enhancement Grant
    The City of Surrey has approved the waiving of fees for the Parking to Patios initiative. Through this program, restauranteers can expand their operations onto privately-owned parking lots and city road right-of-ways. Restaurants will also be able to apply for temporary patio installations through the Facade Enhancement Grant program, where the City will provide eligible restaurants with a grant matching 30% of eligible costs to a maximum of $3,000. Learn More
  • 50% reduction in many fees relating to development
    New and in-stream projects that have a construction value of greater than $25 million will benefit from a 50% reduction of many fees relating to the development.
  • Deferral of business licence late payment penalties
    Late penalty fees for business licence fees have been deferred and will be applied 30 days after the Provincial State of Emergency comes to an end.

Learn more about the Surrey Economic Action and Recovery Plan