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COVID-19 federal and provincial relief measures for businesses

Deloitte is closely monitoring all the evolving financing and economic programs made available in response to COVID-19 by federal and provincial governments. We will provide updates, as they become available, through this webpage.

Updated August 3, 0800 EDT

Over the past few weeks, the Government of Canada and some provincial governments have introduced measures to support Canadians and stimulate the economy throughout the evolving health crisis. On this page, we aim to provide practical information for businesses about how to access different government programs and measures.

If you need help identifying the support programs that are applicable for your organization’s circumstance, understanding the potential impact of these measures or exploring other tactics that might help you recover, please reach out to our COVID Concierge service.

COVID Concierge

Federal Measures

Business Credit Availability Program (BCAP)

The BCAP will provide $65 billion of support to businesses experiencing cash-flow challenges, through Export Development Canada (EDC) and the Business Development Bank of Canada (BDC). Click on the links below to get practical advice on how to access the different relief measures.

Export Development Canada (EDC) offers financing, insurance and risk management solutions to help all Canadian businesses (not only exporters) survive the impact of COVID-19.

BCAP guarantee program (operating credit and cash flow term loans)

Interest-free small loans (CEBA)

Fee and payment deferrals

BCAP Mid-Market Guarantee

Business Development Bank of Canada (BDC) supports Canadian businesses (mostly small and medium-sized) cope with the effects of COVID-19 through financing, capital and advisory services.

BCAP Co-Lending Program (cash flow term loans)

Updated BCAP working capital financing solutions

Online financing (<$100k)

Fee and payment deferrals

BDC Capital Bridge Financing Program

BDC Oil & Gas Sector Financing

BCAP Mid-Market Financing Program

Additional federal measures

Emergency Processing Fund (EPF)

The federal government launched the $77.5 million Emergency Processing Fund (EPF) to support Canada’s food production and processing sector.

Tourism industry investments

The federal government is investing millions in the tourism industry, one of the sectors hit hardest by COVID-19

Funding to support small and medium-sized Indigenous businesses

The Government of Canada is committing to $440 million to help small and medium-sized Indigenous businesses and to support Aboriginal Financial Institutions (AFIs) that offer financing to these businesses

Fish Harvester Benefit

The federal government has introduced the Fish Harvester Benefit, a program worth up to $267.6 million, to help provide income support for this year’s fishing seasons.

Fish Harvester Grant

The federal government has introduced the Fish Harvester Grant, a program worth up to $201.8 million, to provide grants to help fish harvesters impacted by the COVID-19 pandemic.

Regional Relief and Recovery Fund (RRRF)

The Regional Relief and Recovery Fund (RRRF) provides nearly $962 million in funding to small and medium-sized enterprises (SMEs) that are unable to access sufficient support from the government’s existing support measures, including destination marketing organizations (DMOs), and access to capital for rural businesses and communities.

Large Employer Emergency Financing Facility (LEEFF)

Provides bridge financing to employers with annual revenues of more than $300 million whose needs during the pandemic are not being met through conventional financing, in order to keep their operations going.

Temporary 10-percent Wage Subsidy

The 10 percent temporary wage subsidy for employers is a three-month measure that will allow eligible employers to reduce the amount of payroll deductions required to be remitted to the Canada Revenue Agency (CRA).


Futurpreneur, which received $20.1 million of support from the federal government, will cover loan payments for six months for each of its more than 3,200 Start-up Program clients whose Futurpreneur loan was disbursed prior to April 1, 2020. This loan payment coverage is effective from March 25 through to September 24, 2020.

Northern Business Relief Fund (NBRF)

The Northern Business Relief Fund (NBRF) provides short-term support for ongoing operational costs to small and medium-sized territorial businesses impacted by economic disruptions due to COVID-19.

Canada Emergency Commercial Rent Assistance (CECRA)

Small businesses will have new help with their commercial rent for the months of April, May, and June.

Implementation of the program will require a partnership with provincial and territorial governments, which are responsible for property owner-tenant relationships.

Funding for Indigenous businesses

Up to $306.8 million in funding to help small and medium-sized Indigenous businesses, and to support Aboriginal Financial Institutions (AFIs) that offer financing to these businesses.

Federal regional development agencies to defer payments

Federal regional development agencies will apply a deferral of three months on all incentive-related repayments due to the government, as of April 1, 2020.

CRA extends income tax payments for Canadian businesses

The Canada Revenue Agency (CRA) confirmed that businesses may defer, until September 1, 2020, the payment of certain income tax amounts.

Canada Emergency Wage Subsidy (CEWS)

The federal government is introducing a new wage subsidy to help employers keep Canadians in their jobs.

Work-Sharing Program

New temporary special measures were announced to the existing Work-Sharing Program to extend the agreements by an additional 38 weeks (for a total of 76 weeks), to waive the mandatory waiting period between agreements, and to ease requirements for the program.

Supplemental Unemployment Benefit Program

Employers can use a Supplemental Unemployment Benefit (SUB) plan to increase their employees’ weekly earnings when they are unemployed due to a temporary stoppage of work, training, illness, injury or quarantine.

Farm Credit Canada (FCC) COVID-19 support program

To ensure producers, agribusinesses and food processors can remain focused on business-critical functions, FCC has put customer support programs in place.

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