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Canada Emergency Commercial Rent Assistance Program ( CECRA )

  1. Commercial property owners are being offered forgivable loans to cover 50% of three month rent payments.
  2. The loans will be forgiven only if the property owner agrees to reduce rent by at least 75 per cent for April, May and June.
  3. Landlords will absorb 25% of rent, the government and provinces will pay 50% and the tenant will pay 25%.
  4. CECRA will likely be operational by mid-May, with commercial property owners lowering the rents of their eligible tenants for the months of April and May retroactively, and for June
  5. The rent relief is based on the base rent and not net or total rent cost, which for some small businesses will still be a sizable bill to pay monthly.
  6. Property owners are prohibited from evicting the tenant while the agreement is in place.

Who are Eligible

Tenants who paid less than $50,000 per month in rent, have had to temporarily cease operations, or have experienced at least a 70% drop in pre-COVID-19 revenues. The program is also being made available to non-profits and charities.

The intention is to have commercial property owners lower rents for their tenants now and be paid retroactively for April, May and June.

Employees earning under $1000.00

If you were or are on EI but returning to work, and earning an income of less than $1000.00, you will be eligible for the $2000 Canada Emergency Response Benefit (CERB).  Employees must stop their EI payments then apply for the CERB in this case.

Canada Emergency Student Benefit (CESB) – May to August

  1. CESB will provide students  with $1250 a month from May to August
  2. If you are taking care of somebody else or have a disability the amount will increase to $1750 each month
  3. Students with a job, but earning less than $1,000 a month can apply
  4. Post-secondary students who are currently in school, are planning to start school in September 2020, or have graduated from school since December 2019 will be eligible for the $1,250/month CESB payment.
  5. Applications will be available online in the coming weeks, and payments will be distributed through the Canada Revenue Agency (CRA).

Note: If you’re receiving the CERB $2000 and try to apply for the CESB, it will make you ineligible to receive the CERB in subsequent months, as you have to be receiving less than $1,000 a month to get the CERB.

Business Credit Availability Program (BCAP) 

The Government of Canada has introduced this credit program to help businesses obtain financing during the current period of significant uncertainty.

BCAP will support access to financing for Canadian businesses in all sectors and regions. Through this program, Export Development Canada (EDC) and the Business Development Bank of Canada (BDC) will provide $65 billion in direct lending and other types of financial support.

Businesses should contact their primary lender, where they have a pre-existing banking relationship either by phone or email to find out about the application process.

EDC Loan Guaranteed –  small and medium-sized enterprises  

This program provides credit and cash flow term loans to small and medium-sized enterprises. Canadian businesses in all sectors that were otherwise financially viable and revenue generating prior to the COVID-19 outbreak are eligible to apply.

It allows financial institutions to issue operating credit and cash flow term loans of up to $6.25 million to existing clients, with 80 per cent guaranteed by EDC.

This money is to be used for operational expenses, not for dividend payouts, shareholder loans, bonuses, stock buyback, option issuance, increases to executive compensation or repayment/refinancing of other debt.

This program is available at various financial institutions and credit unions.  Contact your primary lender by phone or email.

BDC and EDC can also be contacted at:  Business Development Bank of Canada 1-877-232-2269 Export Development Canada 1-800-229-0575.

Interest Free Loan

Businesses and non for profits no longer need to show a minimum of $50,000 in payroll to qualify for up to $40,000 interest free term loan on the Canadian Emergency Business Account (CEBA).

The government recently announced the minimum amount is now $20,000 in payroll ( Business T4 remuneration). Contact your financial institution.

Canada Emergency Wage Subsidy ( CEWS)

Applications for the CEWS will be accepted starting from April 27, 2020. Here is the calculator for Employers here

The program provides a wage subsidy of 75% (that’s up to $847 per employee per week), to eligible employers, for up to 12 weeks, retroactive to March 15, 2020.

Eligible remuneration includes amount paid to an employee as salary, wages and other taxable benefits, fees and commissions. Severance pay and items such as stock options benefits or the personal use of corporate vehicle are not part of eligible remuneration.  See here for more details


  • individuals (including trusts)
  • taxable corporations
  • persons that are exempt from corporate tax (Part I of the Income Tax Act), other than public institutions:
  • non-profit organizations
  • agricultural organizations
  • boards of trade
  • chambers of commerce
  • non-profit corporations for scientific research and experimental development
  • labour organizations or societies
  • benevolent or fraternal benefit societies or orders
  • registered charities
  • partnerships consisting of eligible employers

Not eligible: Public bodies would not be eligible for this subsidy. Public bodies include municipalities and local governments, Crown corporations, public universities, colleges, schools and hospitals.