Provincial Relief Measures

WorkSafeNB Premium Deferrals

Who It’s For: New Brunswick businesses financially affected due to COVID-19.

How to Apply: Monthly premium payments resumed late June. WorkSafeNB will collect deferred premiums owed in three equal amounts in June, July and August.

Benefit: Improved cash flow for the New Brunswick business community.

More Info: This affected employers who pay their premiums on a monthly basis. To learn more, please contact Assessment Services at 1-800 999- 9775 (option 4), or visit the WorkSafeNB website: https://www.worksafenb.ca/about-us/news-and-events/news/2020/as-we-face-the-global-pandemic-of-covid-19-worksafenb-defers-premium-payments-for-three-months-with-qa/

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NB Small Business Emergency Working Capital Program

Who It’s For: New Brunswick employers.

How to Apply: GNB has made funds available to CBDC to provide Working Capital loans to help provide relief for the impacts our communities are encountering as a result of the Covid19 pandemic. Business owners can apply for working capital loans directly through their CBDC. Examples of eligible businesses include restaurants, seasonal tourism operators, service sectors, and selfemployed business owners impacted directly by the pandemic.

Benefit: Working capital loans will be up to $100,000. Companies considering a request should first (1) speak to their Financial Institution regarding options, (2) research and apply to any federal programs available, and (3) assess their Working Capital needs by putting together their cash flow projections together for the next six months.

More Info: More information and application can be found here: https://www.cbdc.ca/en/gnb-small-business-emergency-working-capital-program

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ONB Working Capital Loans

Who It’s For: New Brunswick employers.

How to Apply: Working capital loans will help employers respond to challenges associated with COVID-19. Examples of sectors that would benefit from this support are manufacturing and processing industries, information technology and related sectors, business-tobusiness service sectors engaged in export, or import replacement activities, and cultural enterprises. Employers will be able to apply for this assistance directly from Opportunities New Brunswick.

Benefit: ONB will provide – upon request – working capital in excess of $100,000 to help manage the impacts of COVID-19 on their operations. Companies considering a request should first (1) speak to their Financial Institution regarding options, (2) research and apply to any federal programs available, and (3) assess their Working Capital needs by putting together their cash flow projections together for the next six months.

More Info: Existing ONB clients should contact their Business Development Executive or email: nav@navnb.ca or, call the Business Navigator line at 1- 833-799-7966. For more information, see: https://onbcanada.ca/covid19- working-capital-loans-newbrunswick/

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Income Tax Payment Deferrals

Who It’s For: New Brunswick businesses financially affected due to COVID-19.

How to Apply: All New Brunswick businesses may defer, until after August 31, 2020, the payment of any income tax amounts that become owing on or after March 18 and before September 2020.

Benefit: Businesses owing New Brunswick income taxes.

More Info: For more information, contact the Finance and Treasury Board at 1- 800-669-7070 Or visit: https://www2.gnb.ca/content/gnb/e n/corporate/promo/covid-19.html

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Deferrals of Interest and Principal Payments on Existing GNB Loans.

Who It’s For: Any New Brunswick business that has an existing loan with GNB.

How to Apply: Defer loan and interest repayments for up to six months on existing provincial loans. This assistance is available, on a case-by-case basis, to any business that has a loan with GNB. The deferral can be requested by contacting the department that issued the loan.

Benefit: Deferrals of loan and interest repayments for up to six months on existing provincial loans will provide immediate financial relief to New Brunswick businesses experiencing difficulties as a result of COVID-19 crisis.

More Info: Visit: https://www2.gnb.ca/content/gnb/e n/corporate/promo/covid-19.html

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Electricity Bill Payment Deferrals and Suspension of Disconnections for Non-Payment.

Who It’s For:  All New Brunswick businesses and residents affected by the COVID-19 pandemic.

How to Apply: NB Power is offering flexible payment options for customers affected by the pandemic. Call 1-800-663-6272 for support.

Saint John Energy customers are encouraged to contact the company to discuss payment options. Call 506-658- 5252.

The City of Edmundston has put a number of measures in place for water, sewer and energy customers.

Benefit: NB Power offers flexible payment options, and has several tools in place to help make budgeting easier, including our Payment Arrangement Plan. NB Power will also continue to waive late payment charges for all invoices until September 19, 2020. Flexible payment options include: customized payment plans, waiving interest fees for past due balances until June 30, 2020, and there will be no power disconnects for nonpayment until further notice. They will continue to waive late payment fee for all invoices until September 19th, 2020. Measures include: Stopping interest and late charges on all accounts as of Thursday, March 19; suspending payment collection efforts until the situation returns to normal. Suspending disconnections for nonpayment until the situation returns to normal; and extending existing payment arrangements for those who can continue to meet their payments.

More Info: For more information, visit the NB Power website: https://www.nbpower.com Or call 1-800-663-6272 for support.

Visit the Saint John Energy website: https://www.sjenergy.com Or call 506-658-5252

Visit the City of Edmundston website: https://edmundston.ca/en/renseigneme nts/communiques/1045-temporarymeasures-to-help-with-electricity-andwater-and-sewer-bills Or call the Finance Department at 506- 739-2118

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Community Investment Fund (CIF): COVID-19 Relief

Who It’s For: Non-profits being impacted by COVID-19, for the 2020-21 fiscal year only.

How to Apply: All funding applications under the CIF will be received, assessed, and evaluated by the Regional Development Corporation.

Benefit: In addition to the standard criteria, for the 2020-21 fiscal year, funding will help cover: – Certain general administrative / operational costs (phone, power, insurance…); – Equipment, or supplies necessary to comply with public health recommendations or best practices; and – Projects related to addressing impacts resulting from COVID-19.

More Info: For more information: https://www2.gnb.ca/content/gnb/e n/departments/regional_developme nt/services/services_renderer.2014 92.Community_Investment_Fund_(C IF)_.html?fbclid=IwAR1PJXXV_boWl jerXw33O0G_DMCsZAvGxmZPFjfNjH734iQFaExqbNkF4E

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Any Labour force needs related to recruitment, training or retention in NB

Who It’s For: Employers in New Brunswick.

How to Apply: Contact your nearest WorkingNB office for a personalized assessment.

Benefit: Training assistance for employers, tailored workforce plans and development plan for employers and individuals.

More Info: For more information: https://www2.gnb.ca/content/gnb/e n/departments/postsecondary_education_raining_and_l abour/workingnb.html

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Procurement Opportunities for NB Businesses

Who It’s For: New Brunswick Businesses.

How to Apply: Through Service New Brunswick (SNB)

Benefit: For businesses and organizations who can supply emergency products and innovative solutions.

More Info: For more information: https://www2.snb.ca/content/snb/e n/services-togovernment/procurement.html

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Federal Relief

Canada Emergency Wage Subsidy

Who It’s For: Eligible employers include individuals, taxable corporations, and partnerships consisting of eligible employers as well as non-profit organizations and registered charities. Public bodies would not be eligible for this subsidy. Public bodies include municipalities and local governments, Crown corporations, public universities, colleges, schools and hospitals.

How to Apply: Eligible employers are able to apply for the CEWS through a Canada Revenue Agency online portal. Note: program extended to December 19, 2020, with the final ‘period’ now October 25 – November 21, 2020. The new rules will apply beginning in September 2020.

Benefit: The overall CEWS rate will now be equal to the Base Subsidy plus the TopUp Subsidy, assuming eligibility. The maximum pay used to calculate the per-employee subsidy remains $1,129 per week. For the most severely impacted, the maximum benefit improves to $960 per week until the end of August (based on a Base Rate of 60 percent and the 25 percent top-up). For the remaining 3 periods, to November 21, 2020, the Base Rate declines from 50 percent, to 40 percent and then 20 percent, meaning maximum benefits of 75 percent, 65 percent and 45 percent for those most severely impacted. For companies with revenue drops of less than 50 percent, the Base Rate will be 1.2 times their revenue drop plus 25 percent until the end of August and then 1.0, 0.8 and 0.4 for the final three periods. In applying for the subsidy, employers would be required to attest to the decline in revenue.

More Info: For more information on the CEWS and online application see: https://www.canada.ca/en/revenueagency/services/subsidy/emergency -wage-subsidy.html

The CRA has updated their CEWS FAQ page to reflect a number of changes that were recently announced. For more information, please see: https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-wage-subsidy/cews-frequently-asked-questions.html

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Temporary Wage Subsidy for Employers

Who It’s For: Eligible employers include individuals (excluding trusts), non-profit organizations, registered charities, or Canadiancontrolled private corporations (CCPC) who have an existing business number and payroll program account with the CRA on March 18, 2020; and pay salary, wages, bonuses, or other remuneration to an employee.

How to Apply: No application is required. The subsidy reduces remittances of Federal, Provincial and territorial income tax withheld on the employees’ remuneration. Note: program extended to August 29, 2020

Benefit: Up to 10% of an employee’s wage from March 18, 2020 to June 19, 2020, up to a maximum benefit of $1,375 for each eligible employee and a maximum of $25,000 total per employer. For individuals this could mean payments of up to $847 a week. For employers that are eligible for both the Canada Emergency Wage Subsidy and the 10% wage subsidy for a period, any benefit from the 10% wage subsidy for remuneration paid in a specific period would generally reduce the amount available to be claimed under the Canada Emergency Wage Subsidy in that same period.

More Info: The subsidy must be calculated manually, either by you or whoever is responsible for making your payroll remittances. The CRA will not automatically calculate the allowable subsidy. The subsidy does not reduce Canada Pension Plan or Employment Insurance remittances. For more information on Temporary Wage Subsidy for Employers, see: https://www.canada.ca/en/revenue-agency/services/subsidy/temporary-wage-subsidy.html

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Corporate Income Tax Return and Payment Deferral

Who It’s For: Tax return deferral: Corporations with an income tax return due date after March 18, 2020 and before June 1, 2020. Tax payment deferral: Persons with corporate income tax payments (including 2020 tax installments) that become owing on or after March 18, 2020 and before September 1, 2020.

How to Apply: Tax return deferral: no application required. Tax payment deferral: no application required. Defer any payments without any penalties or interest. Penalties and interest relief will be considered on a case-by-case basis for income tax balances that are not covered by these provisions.

Benefit: Corporate tax return due date for current tax year deferred to June 1, 2020. Payment date for current tax year is extended until September 1, 2020. Penalties and interest will not be charged if the deferred payment requirements are met by September 1, 2020.

More Info: For additional information see: https://www.canada.ca/en/revenueagency/campaigns/covid-19-update/covid-19-filing-paymentdates.html

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Small and MediumSized Enterprise Loan Guarantee Program

Who it’s for: For Small and Medium-Sized Enterprises (SME’s) businesses in all sectors that were otherwise financially viable and revenue generating prior to the COVID-19 outbreak are eligible to apply.

How to Apply: Available to SMEs through their financial institutions to help weather the impacts of COVID-19. This program is now available at various banks and credit unions.

Benefit: Export Development Canada (EDC) to provide guarantees to financial institutions so that they can issue new operating credit and cash flow term loans of up to $6.25 million to existing clients, with 80 per cent guaranteed by EDC.

More Info: This new loan program will provide up to a total of $20 billion for export sector and domestic companies. For more information: https://www.canada.ca/en/departm ent-finance/programs/financialsector-policy/business-creditavailability-program.html 

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Canada Emergency Business Account (CEBA)

Who it’s for: Small businesses and not-for-profits who need access to the capital to help cover operating costs. As of June 26, 2020, businesses eligible for CEBA now include owneroperated small businesses that do not have a payroll, sole proprietors receiving business income directly, as well as familyowned corporations remunerating in the form of dividends rather than payroll. Applicants will have to demonstrate having eligible nondeferrable expenses between Cdn.$40,000 and Cdn.$1,500,000 in 2020.

How to Apply: Business owners can apply for support from the Canada Emergency Business Account through their banks and credit unions.

Criteria include: The Borrower is a Canadian operating business in operation as of March 1, 2020.

The Borrower has a federal tax registration.

The Borrower’s total employment income paid in the 2019 calendar year was between Cdn.$20,000 and Cdn.$1,500,000.

The Borrower has an active business chequing/operating account with the Lender, which is its primary financial institution.

This account was opened on or prior to March 1, 2020 and was not in arrears on existing borrowing facilities, if applicable, with the Lender by 90 days or more as at March 1, 2020.

The Borrower has not previously used the Program and will not apply for support under the Program at any other financial institution.

The Borrower acknowledges its intention to continue to operate its business or to resume operations.

Benefit: Interest-free loans of up to $40,000 guaranteed by the Government of Canada. Repayment of the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 25% (up to $10,000). The funds from this loan are to be used by the Borrower to pay nondeferrable operating expenses of the Borrower. Loans can be applied for until December 31, 2022.

More Info: For more information: https://ceba-cuec.ca/

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MITACS

Who it’s for: Participating Smalland Medium-Sized Enterprises.

How to Apply: Through MITACS

Benefit: Additional funding for SMEs and fast-tracking proposals; – Expanding internship offerings to include development work by college students; – Adding flexibility to project requirements; and – Bolstering industrial postdoc fellowships.

More Info: For more information: https://discover.mitacs.ca/industry-covid-19/?_ga=2.127729293.1698226577

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Credit and Liquidity Support

Who it’s for: Provides long-term stable funding to banks and mortgage lenders.

How to Apply: This program is intended to help facilitate continued lending to Canadian consumers and businesses and add liquidity to Canada’s mortgage market. The amendments will remain in force until December 31, 2020, at which time the eligibility criteria will revert to the existing rules.

Benefit: The government will purchase up to $150 billion (up from $50 billion) insured mortgage pools to stabilize funding to banks and lenders through the Canada Mortgage and Housing Corporation. In addition, the Office of the Superintendent of Financial Institutions (OSFI) is lowering the Domestic Stability Buffer requirement for domestic systemically important banks by 1.25% (to 1.00%) of risk weighted assets, effective immediately. The release of the buffer will support in excess of $300 billions of additional lending capacity.

More Info: For more information:https://www.canada.ca/en/department-finance/economic-responseplan/covid19-businesses.html#insure_mortgage_purchase_program

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Credit and Liquidity Support to the Agricultural and Agri-Food Sector

Who it’s for: Provides credit to producers, agribusinesses and food processors.

How to Apply: Available through Farm Credit Canada

Benefit: Providing $5 billion in additional lending capacity through Farm Credit Canada to assist farmers with cashflow issues and processors affected by lost sales. In addition, FCC has put in place: a deferral of principal and interest payments up to six months for existing loans; or a deferral of principal payments up to 12 months access to an additional credit line up to $500,000, secured by general security agreements.

More Info: For more information: https://www.fcc-fac.ca/en/covid-19/program-details.html

Applications can be made through the local Farm Credit Canada office or the customer service centre at 1- 888-332-3301.

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Extension of Work Sharing Program

Who it’s for: Allows extended work-sharing agreements for employers affected by the downturn in business due to COVID-19.

How to Apply: This program is available through Service Canada. Employers are requested to submit their applications 10 calendar days prior to the requested start date. Effective March 15, 2020 to March 14, 2021.

Benefit: An extension of the duration of work-sharing agreement by an additional 38 weeks to a total of 76 weeks and waived the mandatory waiting period.

More Info: Employers across Canada may call toll-free 1-800-367-5693 (TTY: 1- 855-881-9874) https://www.canada.ca/en/employment-socialdevelopment/corporate/notices/cor onavirus.html#h4.04

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Providing Procurement Opportunities to Canadian Businesses

Who it’s for: For suppliers that are able to provide specific products or services related to mitigating the impact of COVID19.

How to Apply: Public Services and Procurement Canada (PSPC), Innovation Science and Economic Development (ISED) and the National Research Council of Canada (NRC)

Benefit: PSPC has established a Buy Canada web portal and intake form for suppliers. ISED has launched a “call to action” to Canadian manufacturers to help fight COVID-19. NRC has issued a COVID-19 “Challenge Program.”

More Info: Public Services and Procurement Canada Web portal:

https://buyandsell.gc.ca/supplying-goods-and-services-in-support-of-canada-s-response-to-covid-19

Innovation, Science and Economic Development (ISED) Web page: https://www.canada.ca/en/services.html

Intake Form for Challenge: https://nrc.canada.ca/en/researchdevelopment/researchcollaboration/programs/expressioninterest-challenge-programcollaboration

 

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Support for Tourism Operators

Who it’s for: Tourism operators in national parks, historic sites, and marine conservation areas

Benefit: Defer payments on commercial leases and licences of occupation without interest until September 1, 2020. Up to 75 percent of eligible commercial rents waived for the months of April, May and June 2020 or equivalent amounts of annual rents.

More Info: For more information see: https://www.canada.ca/en/department-finance/economic-responseplan.html#businesses

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Canada Emergency Commercial Rent Assistance (CECRA)

Who it’s for: Forgivable loans to qualifying commercial property owners to cover 50 per cent of three monthly rent payments that are payable by eligible small business tenants who are experiencing financial hardship during April, May and June. Impacted small business tenants are businesses paying less than $50,000 per month in rent and who have temporarily ceased operations or have experienced at least a 70 per cent drop in pre-COVID19 revenues. This support will also be available to nonprofit and charitable organizations.

How to Apply: The Canada Mortgage and Housing Corporation will administer and deliver the CECRA, a collaboration between the federal government and provincial and territorial governments, which are responsible for property owner-tenant relationships. This program will be taking applications until August 31, 2020. Note: CECRA has once again been extended by one month to cover eligible small business rents for August.

Benefit: The loans will be forgiven if the mortgaged property owner agrees to reduce the eligible small business tenants’ rent by at least 75 per cent for the three corresponding months under a rent forgiveness agreement, which will include a term not to evict the tenant while the agreement is in place. The small business tenant would cover the remainder, up to 25 per cent of the rent.

More Info: For more information: https://pm.gc.ca/en/news/news-releases/2020/04/24/prime-minister-announces-partnerships-provinces-and-territories

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Funding for Small and Medium-Sized Indigenous Businesses

Who it’s for: Small and mediumsized indigenous businesses.

How to Apply: Contact your Aboriginal Financial Institution to apply for support.

Benefit: Up to $40,000 will be available to small and medium-sized Indigenous businesses: – an interest-free loan up to $30,000 – a non-repayable contribution up to $10,000

More Info: For more information, see: https://www.sac-isc.gc.ca/eng/1588079295625/1588079326171

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EDC's Mid-Market Guarantee and Financing Program

Who it’s for: For companies who tend to have revenues of between $50 million to $300 million, to sustain operations during this uncertain period

How to Apply: More details will be available soon.

Benefit: EDC will continue to work with Canadian financial institutions to guarantee 75 per cent of new operating credit and cash-flow loans – ranging in size from $16.75 million to a maximum of $80 million. These expanded guarantees are available to exporters, international investors and businesses that sell their products or services within Canada.

More Info: For more information see: https://www.canada.ca/en/department-finance/economic-responseplan.html#businesses

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Young Entrepreneurs

Who it’s for: Futurpreneur Canada clients.

How to Apply: To allow Futurpreneur Canada to provide payment relief for its clients for up to 12 months.

Benefit: $20.1 million in total support.

More Info: For more information, see: https://www.canada.ca/en/department-finance/economicresponse-plan.html

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Canadian Seafood Stabilization Fund

Who it’s for: Fish and seafood sector.

How to Apply: Delivered through the Atlantic Canada Opportunities Agency. Further details on how and when processors can apply for assistance will be confirmed at a later date.

Benefit: $62.5 million to help businesses: Access short-term financing to pay for maintenance and inventory costs; Add storage capacity for unsold product; Comply with new health and safety measures for workers; Support new manufacturing / automated technologies to improve productivity and quality of finished seafood products; and, Adapt products to respond to changing requirements and new market demands.

More Info: For more information see: https://www.canada.ca/en/fisherie soceans/news/2020/04/government-of-canada-announces-newcanadian-seafood-stabilizationfund-to-help-canadas-fish-andseafood-processing-sector.html

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ACOA Regional Relief and Recovery Fund in Atlantic Canada (RRRF)

Who it’s for: Main Street businesses in both urban and rural communities.

Businesses and organizations that have either:

Applied for other federal relief measures and have not been able to secure funds; or Accessed COVID19 relief measures and continue to experience hardship.

Businesses in sectors that are critical to the resilience and survival of Atlantic Canada’s economy, such as advanced manufacturing, ocean industries, clean growth technology, and tourism, may be given priority.

How to Apply: Interested companies may apply here: https://www.canada.ca/en/atlantic-canada-opportunities/services/application-for-financial-assistance.html

Automatic six-month payment deferral until October 1, 2020.

Benefit: These new funds are complementary to existing programs.

More Info: For more information: https://www.canada.ca/en/atlanticcanadaopportunities/campaigns/covid19/rrrf.html 

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COVID-19 Emergency Support Fund for cultural, heritage and sport organizations

Who it’s for: Qualifying cultural, heritage and sport organizations.

How to Apply: Considered on a case-by-case basis. Contact your program representative at Canadian Heritage to discuss further options.

Benefit: Varies depending on program.

More Info: For more information: https://www.canada.ca/en/canadianheritage/services/funding/information-covid-19.html

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Mandatory Isolation Support for Temporary Foreign Workers Program

Who it’s for: Farmers, fish harvesters and all food production and processing employers.

How to Apply: Download and complete the application form at: http://multimedia.agr.gc.ca/pack/pd f/A94445_v1a-eng.pdf

Benefit: The MISTFWP will provide a maximum non-repayable contribution amount of $1,500 for each temporary foreign worker. Should an applicant receive assistance from a provincial or territorial government to help cover these costs, or the $1,500 exceeds their incremental costs per employee, the total contribution may be reduced.

More Info: For more information: http://www.agr.gc.ca/eng/agricultural-programs-andservices/mandatory-isolationsupport-for-temporary-foreignworkersprogram/?id=1588186409721

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Large Employer Emergency Financing Facility (LEEFF)

Who it’s for: Large for-profit businesses – with the exception of those in the financial sector – as well as certain notfor-profit businesses, such as airports, with annual revenues generally in the order of $300 million or higher.

How to Apply: LEEFF application process is now open, and will remain open while the current economic situation persists.

Benefit: The program will be delivered by the Canada Developmetn Investment Corporation. Eligible businesses must be seeking financing of about $60 million or more, have significant operations or workforce in Canada, and not be involved in active insolvency proceedings.

More Info: For more information: https://www.canada.ca/en/department-finance/economic-responseplan.html#businesses

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Waiving Tariffs on Certain Medical Goods

Who it’s for: Companies purchasing these goods.

How to Apply: Apply through the Canada Border Services Agency. Tariff relief for these goods will remain in place for as long as necessary to deal with the COVID19 crisis.

Benefit: For goods imported into Canada on or after May 5, 2020 and subject to customs duties.

More Info: For more information: https://www.cbsaasfc.gc.ca/publications/cn-ad/cn20- 19-eng.html

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Helping Food Producers Access More PPE and Adapt to Health Protocols

Who it’s for: Food producers.

How to Apply: All eligible activities must be completed by September 30, 2020. The program will fund activities retroactive to March 15, 2020.

Benefit: A $77.5 million Emergency Processing Fund to help food producers access more personal protective equipment (PPE), adapt to health protocols, automate or modernize their facilities, processes, and operations, and respond to emerging pressures from COVID-19 so they can better supply Canadians with food during this period.

More Info: For more information: https://www.canada.ca/en/departmentfinance/economic-responseplan.html#businesses

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AgriRecovery Initiative

Who it’s for: Food producers.

How to Apply: Please contact your province or territory for more information.

Benefit: Up to $125 million in funding to help producers faced with additional costs incurred by COVID-19 such as set-asides for cattle and hog management programs to manage livestock backed-up on farms, due to the temporary closure of food processing plants. This new federal funding will help beef and pork producers and processors adapt to a changing market, and help farmers and ranchers keep their animals longer before marketing.

More Info: For more information: https://www.canada.ca/en/department-finance/economic-responseplan.html#businesses

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Expanding AgriInsurance to Include Labour Shortage

Who it’s for: Food producers facing significant revenue declines.

How to Apply: AgriInsurance is delivered provincially. Please visit the provincial administration website.

Benefit: Working with provinces and territories to increase interim payments from 50 per cent to 75 per cent. Currently, five provinces participate in the reinsurance arrangement:

– Alberta

– Manitoba

– New Brunswick

– Nova Scotia

– Saskatchewan

More Info: For more information: https://www.canada.ca/en/departm ent-finance/economic-responseplan.html#businesses

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Increasing the Canadian Dairy Commission Borrowing Limit

Who it’s for: Dairy producers.

How to Apply: More details will be available soon.

Benefit: To support costs associated with the temporary storage of cheese and butter to avoid food waste.

More Info: For more information: https://www.canada.ca/en/departmentfinance/economic-responseplan.html#businesses

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Fish Harvestor Benefit

Who it’s for: Eligible selfemployed fish harvesters and sharespersons crew who cannot access the Canada Emergency Wage Subsidy

How to Apply: More details will be available soon.

Benefit: Worth up to $267.6 million to provide income support to those that experience fishing income declines of greater than 25% in the 2020 tax year, compared with a reference period to be identified. This measure covers 75% of fishing income losses beyond a 25% income decline threshold, up to a maximum individual entitlement equivalent to what is provided under the Canada Emergency Wage Subsidy ($847 per week for up to 12 weeks)

More Info: For more information: https://www.canada.ca/en/departmentfinance/economic-responseplan.html

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Fish Harvestor Grant

Who it’s for: Fish harvesters impacted by the COVID-19 pandemic who are ineligible for the Canada Emergency Business Account or equivalent measures.

How to Apply: More details will be available soon.

Benefit: Up to $201.8 million to address nondeferrable business costs. Non-repayable support of up to $10,000 to self-employed fish harvesters with a valid fishing licence. Size of the non-repayable support will vary depending on the level of fish harvesters’ historic revenue.

More Info: For more information: https://www.canada.ca/en/departmentfinance/economic-responseplan.html

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Changes to EI for Self-Employed Fish Harvestors and Sharespersons

Who it’s for: Eligible self-employed fish harvesters and sharespersons.

How to Apply: More details will be available soon.

Benefit: Allow self-employed fish harvesters and sharespersons to access EI benefits on the basis of insurable earnings from previous seasons (winter and summer claims).

More Info: For more information: https://www.canada.ca/en/departm entfinance/economic-responseplan.html

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Business Resilience Service

Who it’s for: Small to medium sized business, not for profits and charities to navigate uncertainty

How to Apply: Business Resilience Service (BRS) hotline closed July 3.

Benefit: Partnership between Canadian Chamber of Commerce and Federal Government, who have teamed up with Accounting Professionals (EY) to provide free advice to small to medium-sized business, not for profits and charities to navigate uncertainty.

More Info: For more information: https://www.canadianbusinessresiliencenetwork.ca/brs/

Or call 1-888-989-1080

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Canadian Business Resilience Network Small Business Relief Fund

Who it’s for: Small for-profit businesses impacted by COVID-19 pandemic (eligibility criteria on website)

How to Apply: The application opened June 1 and closed June 12.

Benefit: The Canadian Chamber of Commerce partnered with Salesforce to offer 62 $10,000 grants to help small businesses recover from Covid-19 downturn.

More Info: For more information: https://www.canadianbusinessresiliencenetwork.ca/smallbusinessrelieffund/

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Ulnooweg Emergency Loan Program

Who it’s for: Indigenous business owners affected by COVID-19

How to Apply: Ulnooweg began accepting applications starting June 15.

Benefit: Maximum assistance of $40,000 is available, with 25% of the total loan amount being non-repayable. The repayable portion of 75% is interest free. The loan term is up to 48 months, and no payments are required for the first 12 months.

More Info: For more information: http://www.ulnooweg.ca/wpcontent/uploads/2020/06/Ulnooweg_EmergencyLoan_Promo2June1.pdf

Or call 1-888-766-2376

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Emergency Processing Fund (EPF)

Who it’s for: Canada’s food production and processing sector (for-profit organizations, cooperatives and indigenous groups) affected by COVID19

Who it’s for: Canada’s food production and processing sector (for-profit organizations, cooperatives and indigenous groups) affected by COVID19

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Canada Student Service Grant (CSSG)

Who it’s for: Eligible students who choose to do national service and serve their communities throughout COVID19 pandemic.

How to Apply: Launched on June 25th, students may apply through the “I want to help portal”

Benefit: Eligible students are to receive grants of $1,000 to $5,000 to support the costs of post-secondary education in the fall. The amount of each grant is dependent on the time devoted to volunteer work, with $1,000 provided for each 100 hours completed, up to a maximum of $5,000 for 500 hours.

More Info: For more information: https://pm.gc.ca/en/news/backgrounders/2020/06/25/canada-studentservice-grant

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