Programs & Support
As part of the federal government’s Economic Recovery Plan, there are a number of financial and other supports available for businesses.
Supports for your business include:
CEBA (Canada Emergency Business Account) – apply for an interest free loan of up to $60,000 for your small business.
Canada Emergency Rent Subsidy – apply for rent and mortgage support.
Canada Emergency Wage Subsidy – apply for subsidy to cover part of your employee’s wages so you can rehire, prevent job losses and ease back to normal operations.
BCAP (Business Credit Availability Program) – apply for credit for financial relief and to help cover operating costs.
Supports for employees or self-employed individuals include:
CRB (Canada Recovery Benefit) – apply for income support if you are not eligible for Employment Insurance (EI).
CRSB (Canada Recovery Sickness Benefit) – apply for income support if you are sick or need to self‑isolate due to COVID‑19.
CRCB (Canada Recovery Caregiving Benefit) – apply for income support if you are unable to work because you must care for a dependent.
CRHP (Canada Recovery Hiring Program) – apply for one of the two subsidies to cover part of your employee wages.
Visit the Business Benefits Finder, and answer a few questions to receive a list of program and services that may benefit you and/or your business.
The provincial government is offering support for businesses facing hardships because of the COVID-19 pandemic, and will defer fees until June 30 for businesses that were required to close or were significantly curtailed by the April public health restrictions. Workers’ compensation premium payments will be deferred until July.
Other supports for your business include:
Small Business Loan Guarantee Program – Apply for financing up to $500,000 in the form of term loans, working capital and lines of credit.
Small Business Impact Grant – Part 3 – Apply for a one-time grant of up to $5,000 for businesses directly affected by public health measures in April 2021.
Update: On May 21st, the provincial government announced an additional investment of $17.2 million into the Small Business Impact Grant – Part 3, allowing for top up payments to all qualifying small businesses by $5,000. There are now 2 parts to the grant: a 1-time revenue-based grant and an additional 1-time grant of $5,000.If you’ve already received the revenue-based grant, you’ll automatically receive the extra $5,000. If you haven’t already received the revenue-based grant, you’ll receive both amounts at the same time.
COVID-19 Small Business Real Property Tax Rebate Program – Apply for a one-time rebate of $1,000 or 50% of property taxes paid for the last 6 months of 2020-21. Applications will open the week of May 10, 2021.
Tourism Accommodations Real Property Tax Program – Part 2 – Apply for a one-time 50% rebate on the first 6 months of commercial property taxes paid for 2021-22.
The Tourism Accommodations Restart Customer Attraction Program – Apply for a grant of $1,000 per room for the first 10 rooms and $500 per room for each additional room. The one-time grant can be used for marketing expenses such as advertising and packages, incentives and upgrades for customers. Applications open June 23.
The Small Tourism Operators Restart Program – Apply for a one-time grant payment of $5,000 to help tourism businesses that were affected by COVID-19 restrictions but were not eligible for earlier provincial programs. Applications open June 23.
Digital Assistance Program for Small Business – Apply for up to $5,000 to work with qualified digital service providers focusing in website development, digital marketing and social media strategy, building online booking systems, and much more. Applications are now open for small businesses seeking assistance. Businesses that qualified for the Small Business Impact Grant Part 3 that have been directly affected by the April 2021 public health measures will be automatically pre-qualified to participate in the Digital Assistance Program.