Financial Assistance

The following Government programs may be available to assist our business customers impacted by COVID restrictions: 

Canadian Emergency Business Account (CEBA)

Originally launched on April 9, 2020, CEBA is intended to support businesses by providing financing for their expenses that cannot be avoided or deferred as they take steps to safely navigate a period of shutdown, thereby helping to position businesses for successful relaunch when the economy reopens.

This $55 billion program provides interest-free loans of up to $40,000 to small businesses and not-for-profits.

Repaying the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 25 percent (up to $10,000).

As of October 26, 2020, eligibility for CEBA has expanded by removing the previous March 1, 2020, condition for having an active business chequing/operating account. With this removal, eligible businesses can now apply after opening a business chequing/operating account with their primary financial institution.

CEBA is available from more than 220 financial institutions across the country. Visit our complete list of financial institutions that currently offer CEBA.

All applications are administered through your financial institution. Please visit your financial institution’s website for more information or the FAQs.


For more information please visit

Canada Emergency Rent Subsidy

On October 9, the government proposed the new Canada Emergency Rent Subsidy to provide direct relief to businesses, non-profits, and charities that continue to be economically impacted by the COVID-19 pandemic. The new rent subsidy would be available retroactive to September 27, 2020, until June 2021.  Click the link below for more details.

Ontario Business Relief Programs

Find out if your business is eligible to recover costs for personal protective equipment (PPE) or for rebates to help with fixed costs, such as property tax and energy bills.  Click the link below for more details.

Ontario COVID Energy Assistance Program for Small Business

The Government of Ontario is providing $8 million to support small business and registered charity customers struggling to pay their energy bills as a result of COVID-19. The COVID-19 Energy Assistance Program for Small Business (CEAP-SB) is being delivered directly by electricity and natural gas distributors and unit sub-meter providers (USMPs), further to rules laid out by the Ontario Energy Board (OEB).

CEAP-SB provides a one time, on-bill credit for eligible small business and registered charity customers to help them catch up on their energy bills and resume regular payments.  

CEAP-SB funding is limited. Distributors and USMPs are expected to process applications in the order in which they are received. Submitting an application for CEAP-SB to your distributor (ENWIN) or USMP does not guarantee funding.

Click the link below for eligibility requirements and an online application form.


Ontario Small Business COVID-19 Recovery Network

Ontario is providing $2,040,000 to support Ontario's 47 Small Business Enterprise Centres (SBEC) led by the Business Advisory Centre Durham to create a new Small Business COVID-19 Recovery Network. This network will enhance the capacity of all SBECs across the province to expand their services, supporting businesses across the province.

The project will also build one central portal where businesses can access digital tools and training, connect with mentors and industry experts, and get information on government programs to help them navigate COVID-19 and beyond. Through this network, up to 75,000 small businesses in Ontario can be reached.  Visit the website below for more details or visit to complete the application


The New Ontario Small Business Support Grant

The Ontario government has announced a new Ontario Small Business Support Grant, which will provide a minimum of $10,000 and up to $20,000 to help small business owners during the shut-down period.

Small businesses required to close or restrict services under the Province-wide Shutdown will be able to apply for this one-time grant. Each small business will be able to use the support in whatever way makes the most sense for their individual business. For example, some businesses will need support paying employee wages or rent, while others will need support maintaining their inventory.

Eligible small businesses are those that:
Are required to close or significantly restrict services due to the Province-wide Shutdown being imposed across the province effective 12:01 a.m. on December 26, 2020;
Have fewer than 100 employees at the enterprise level; and
Have experienced a minimum of 20 per cent revenue decline in April 2020 compared to April 2019.

For more information visit: