Economic supports for businesses, non-profits and community groups
Access economic recovery and financial benefits for your business, industry, non-profit organization or community group from the federal and provincial governments. This list is updated on an ongoing basis.
Last updated: November 9, 2021
Loans, grants and flexible financing solutions are available to businesses affected by COVID-19.
Supports organizations in future-proofing their business, building resiliency and preparing for growth.
Eligible businesses with fewer than 500 full time employees may qualify for interest-free repayable contributions for up to 50% of eligible costs. Eligible not-for-profit organizations may qualify for non-repayable contributions for up to 90% of eligible costs. Indigenous-led organizations and businesses may qualify for up to 100% of eligible project costs.
Provides $200 million over two years to support major Canadian festivals and events.
Major, recurring festivals and events with annual revenues exceeding $10 million may qualify for financial assistance, including:
- generally non-repayable contributions to not-for-profit organizations; and,
- generally repayable contributions to for-profit organizations.
Provides $300 million over two years to support arts, culture heritage, and sport organizations. The Reopening Fund provides $200 million over two years through existing programs to support Canada’s festivals, cultural events, outdoor theatre performances, heritage celebrations, local museums, amateur sport events, and more.
The HASCAP supports the hardest hit businesses, including those in sectors like tourism and hospitality, hotels, arts and entertainment.
Offers 100% government-guaranteed loans ranging from $25,000 to $1 million
Loans are low-interest and include terms of up to ten years
There is up to a 12-month postponement on principal repayments at the start of the loan
HASCAP is available at participating financial institutions until December 31, 2021.
The Business Credit Availability Program (BCAP) is available at various financial institutions and credit unions to support businesses in all sectors and regions to obtain financing.
BCAP has been extended until December 31, 2021.
For small- and medium-sized enterprises:
The Business Development Bank of Canada (BDC) is working with financial institutions to co-lend term loans to small and medium enterprises, for their operational cash flow requirements. The program offers differing maximum finance amounts based on business revenues. Eligibility has been extended to all legal businesses, including cannabis businesses and those in the hospitality sector operating bars and lounges.
Export Development Canada (EDC) is working with financial institutions to issue operating credit and cash flow term loans of up to $6.25 million to small- and medium-sized enterprises. Support is available to both exporting and non-exporting companies.
For mid-sized companies with larger financing needs:
BDC's Mid-Market Financing Program provides commercial loans ranging between $12.5 million and $60 million to medium-sized businesses whose credit needs exceed what is already available through the BCAP and other measures.
EDC Mid-Market Financing Program guarantees 75% of new operating credit and cash-flow loans – ranging in size from $16.75 million to a maximum of $80 million to companies with revenues of between $50 million and $300 million. These expanded guarantees are available to exporters, international investors and businesses that sell their products or services within Canada.
Small and medium sized enterprises
Provides short-term liquidity help through interest-bearing term loans to large Canadian employers who have been affected by COVID-19. LEEFF continues to provide bridge financing to employers to help these enterprises to preserve their employment, operations and investment activities.
Large Canadian employers that
- Have a significant impact on Canada’s economy, as demonstrated by having significant operations in Canada or supporting a significant workforce in Canada
- Can generally demonstrate approximately $300 million or more in annual revenues
- Require a minimum loan size of about $60 million
- Business Innovation and Growth (Streams 1-3): Funding helps support R&D and commercialization, the growth and expansion of firms and the attraction and retention of large scale investments in Canada
- Collaboration and Networks (Streams 4-5): Funding helps support industrial research, development, and technology demonstration through collaboration between academia, non-profit organizations, and the private sector
Large business and non-profit projects
Service providers are offering businesses flexible payment plans and other supports:
- BC Hydro is providing residential and commercial customers the option to arrange flexible payment plans
- ICBC customers on a monthly Autoplan payment plan, who are facing financial challenges due to COVID-19, can defer their payment for up to 90 days with no penalty
Programs are available to help employers avoid layoffs, rehire employees and temporarily reduce rent.
A wage subsidy is available to employers that are experiencing a decline in revenue.
This helps businesses keep and return workers to the payroll
The subsidy amount varies depending on the scale of revenue decline
A top-up subsidy of up to an additional 25% is available to employers most adversely affected by COVID-19
Businesses and non-profits
Apply online for the Canada Emergency Wage Subsidy or call 1-833-966-2099 Monday to Friday, 9 a.m. to 9 p.m. local time) to speak with an agent.
Use the CEWS calculator to find out how much your wage subsidy may be.
The Canada Revenue Agency (CRA) launched the Canada Emergency Wage Subsidy Registry to identify which employers are using the wage subsidy to support jobs.
The Canada Emergency Rent Subsidy (CERS) provides a rent subsidy directly to qualifying organizations that have experienced a decline in revenue.
If a lockdown period is one week or longer, you may qualify for lockdown support even if the minimum lockdown period of one week overlaps two different claim periods.
Businesses, charities and non-profits
The B.C. Increased Employment Incentive offers a refundable tax credit for all private sector B.C. employers to encourage the creation of new jobs for B.C. workers or increased 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
Remuneration increases over the last quarter of 2020 (October to December) are eligible
Applications are open
Private sector businesses and non-profits
Some provincial taxes have been deferred, delayed or reduced:
- PST rebate on select machinery and equipment is a temporary provincial sales tax (PST) program to help corporations recover from the financial impacts of COVID-19
- Employer Health Tax (EHT) deferrals. Employers required to make quarterly instalment payments for the 2020 calendar year can defer these payments
Programs and resources to help manage your business operations and safety procedures through COVID-19.
Essential service organizations can apply for temporary, urgent access to personal protective equipment (PPE) and other critical supplies, including KN95 respirators, surgical masks, non-medical cloth and disposable masks, gowns, face shields, hand sanitizer, disinfectant wipes and gloves.
Organizations identified as essential service providers as defined by Public Safety Canada
Visit the Public Services Procurement website for more information or to apply
The PPE Marketplace connects businesses with suppliers of non-medical safety equipment. PPE suppliers interested in being listed as a vendor in the non-medical PPE Marketplace can submit a request to be part of the digital marketplace directory.
The Alacrity Digital Marketing Bootcamp provides digital marketing knowledge, tools and resources to help businesses grow.
Small to medium sized businesses and non-profits based in and registered in B.C. that employ less than 149 B.C. residents and have been directly impacted by COVID-19 may be eligible to have their tuition covered.
Registration is open.
Canadian Fish and Seafood Opportunities Fund
The Canadian Fish and Seafood Opportunities Fund has been reopened to support the industry in accessing new consumer markets in the context of the COVID-19 pandemic.
The $42.85 fund enables the Government of Canada and provincial and territorial partners to support industries’ priority projects and help people working in the fish and seafood sector by creating jobs and developing more opportunities for products.
In general, not-for-profit industry organizations operating on a national or sector-wide basis
Loan deferrals and financing through Farm Credit Canada
Through an additional $5 billion received from the Federal government, Farm Credit Canada (FCC) is offering loan payment deferrals and other financing products to the agriculture and food industry.
- A deferral of principal and interest payments up to six months for existing loans
- A deferral of principal payments up to 12 months
Farm Credit Canada (FCC)
FCC is offering loan payment deferrals and other financing products.
FCC loan recipients
B.C. Agri-Business Planning Program
Agriculture, seafood and food processing businesses in B.C. that have had their revenues decrease by at least 30% as a result of COVID-19 may be eligible for up to $5,000 in business planning services and coaching from a qualified business consultant for individuals, and up to $20,000 for groups, to develop an immediate and long-term recovery plan.
Agriculture, seafood and food processing businesses
Rural, remote and Indigenous communities
Tourism Relief Fund
Supports tourism businesses and organizations to adapt their operations while investing in services to facilitate their future growth.
Non-repayable contributions up to $100,000 and fully repayable contributions up to $500,000 are available.
Eligible applicants include tourism entities that cater mainly to visitors, such as businesses, not-for-profit organizations, band councils or other Indigenous organizations and cooperatives
Local tourism infrastructure investment
$53 million provincial investment through StrongerBC: B.C.’s Economic Recovery Plan to create jobs and grow economic development for tourism businesses. This includes:
- Support for tourism-dependent municipalities to build, adapt and diversify their tourism infrastructure
- Identifying projects to create jobs and attract new businesses
- Developing local tourism experiences, infrastructure and services
British Columbia Tourism Resiliency Network
One-on-one support for tourism businesses to navigate the impacts of the COVID-19 pandemic, adapt and work towards eventual recovery. The BC Tourism Resiliency Network is led by the Regional Tourism Secretariat.
Online COVID-19 Safety Certificate Program (BSAFE)
BSAFE is an online COVID-19 safety certificate program for workers in tourism and hospitality sectors.
The program will help increase consumer confidence as businesses start to return to more normal operations. B.C. organizations that participate will receive a decal to make it easy for visitors to identify that staff have taken BSAFE training.
This program is in accordance with BC’s Restart plan. The Province has allocated $640,000 to develop the program and provide the training.
Canada Emergency Rent Subsidy and Lockdown Support
The program provides a subsidy directly to eligible charities and non-profit organizations that have suffered a decrease in revenue to cover part of their commercial rent or property expenses.
Organizations eligible for the base subsidy may also be eligible for lockdown support if their location is significantly affected by a public health order for a week or more.
Canada Recovery Hiring Program (CRHP)
For eligible employers, including charities, and non-profits, that continue to experience qualifying declines in revenues relative to before the pandemic.
Eligible employers would claim the higher of the existing Canada Emergency Wage Subsidy or the CRHP.
BC Employer Training Grant Impacted Worker Training Stream
Offers employers 100% of eligible training costs, up to a maximum of $10,000 per participant per fiscal year, to support British Columbians that are employed or have been employed in a sector where job opportunities have been most impacted by the COVID-19 pandemic.