Financial Assistance

The Government's of Canada and Ontario have Created a Wide Variety of Financial Assistance

See which types of financial assistance are right for your business.

Ontario COVID-19 Small Business Relief Grant

The government is announcing an Ontario COVID-19covid 19 Small Business Relief Grant for small businesses that are subject to closure under the modified Step Two of Roadmap to Reopen.

What you'll get

Eligible businesses subject to closures as a result of the province’s move to the modified Step Two of the Roadmap to Reopen will receive a grant of $10,000.

 

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Eligibility

To receive the grant, a small business must:

  • be required to close due to public health orders that took effect 12:01 a.m. on January 5, 2022
  • have fewer than 100 employees

Eligible businesses that previously qualified for the Ontario Small Business Support Grant will be pre-screened to verify eligibility and will not need to apply for the new program.

Newly established and newly eligible small businesses will need to apply once the application portal opens in the coming weeks. Small businesses that qualify can expect to receive their payment in the coming weeks.

Eligible small businesses include:

  • restaurants and bars
  • facilities for indoor sports and recreational fitness activities (including fitness centres and gyms)
  • performing arts venues and cinemas, museums, galleries, aquariums, zoos, science centres, landmarks, historic sites, botanical gardens and similar attractions
  • meeting or event spaces
  • tour and guide services
  • conference centres and convention centres

How to apply

Applications for the Ontario COVID-19 Small Business Relief Grant will be open in the coming weeks. 

Staff will update this section as the applications for the Ontario COVID-19 Small Business Relief Grant opens - please check back soon!


Hardest-Hit Business Recovery Program (HHBRP)

Proposed regulatory changes to temporarily expand access to lockdown program

The Government of Canada has announced new proposed regulatory changes to temporarily expand eligibility for wage and commercial rent support for businesses and other organizations under the Local Lockdown Program. These changes would:

  • apply to claim periods 24 and 25 (December 19, 2021, to February 12, 2022)
  • allow those entities to qualify if they are subject to a capacity-limiting public health restriction of 50 per cent or more
  • reduce the current-month revenue decline threshold requirement to 25 per cent for those entities

As a business, charity, or non-profit in Canada who has faced deep losses due to the COVID-19 pandemic, you may be eligible for a wage subsidy, a rent subsidy, or both through the HHBRP.

Who can apply for the HHBRP

Eligible organizations, regardless of their sector, may qualify for the HHBRP if they don’t qualify for the Tourism and Hospitality Recovery Program (THRP).

To qualify for the HHBRP, you must meet the following two conditions:

Eligibility for COVID-19 business subsidies

There are other ways to qualify for wage or rent subsidies if you've been affected by the COVID-19 pandemic, even if you do not qualify for the HHBRP. If you're not sure which subsidy may fit your situation:

Subsidies you may qualify for

Through the HHBRP, you may be able to get a subsidy to help cover wages (formerly the Canada Emergency Wage Subsidy) and rent (formerly the Canada Emergency Rent Subsidy).

You may also qualify for the Canada Recovery Hiring Program (CRHP).

Wage and hiring

How and when you can apply for a wage or hiring subsidy, and what happens after you've applied

COVID-19 wage and hiring support for businesses

 Calculate your wage or hiring subsidy

Rent and property

How and when you can apply for a rent subsidy, and what happens after you've applied

COVID-19 rent and property expense support for businesses

 Calculate your rent subsidy


COVID-19 rent and property expense support for businesses

Proposed regulatory changes to temporarily expand access to lockdown program

The government has announced new proposed regulatory changes to temporarily expand eligibility for wage and commercial rent support for businesses and other organizations under the Local Lockdown Program. These changes would:

  • apply to claim periods 24 and 25 (December 19, 2021, to February 12, 2022)
  • allow those entities to qualify if they are subject to a capacity-limiting public health restriction of 50 per cent or more
  • reduce the current-month revenue decline threshold requirement to 25 per cent for those entities

As a business, non-profit organization, or charity in Canada who has seen a drop in revenue during the COVID-19 pandemic, you may be eligible for a subsidy to cover part of your commercial rent or property expenses.

Depending on the period you are applying for, you may be eligible to claim your commercial rent or property expenses through one of the following:

  • Tourism and Hospitality Recovery Program (THRP) – Rent
    Effective: October 24, 2021, to May 7, 2022
  • Hardest-Hit Business Recovery Program (HHBRP) – Rent
    Effective: October 24, 2021, to May 7, 2022
  • Canada Emergency Rent Subsidy (CERS)
    Effective: September 27, 2020, to October 23, 2021

Many of the eligibility and calculation rules for the rent subsidy under the THRP and the HHBRP are the same as they were for the CERS.

If you are eligible for a base rent subsidy, you may also be eligible for a top-up if your business location is significantly affected by a public health restriction for a week or more.

Information on How to Apply


 

Ontario Business Costs Rebate Program: applications opening January 2022

We are introducing the new Ontario Business Costs Rebate Program to support businesses that are most impacted by public health measures in response to the Omicron variant.

Eligible businesses that are required to close or reduce capacity will receive rebate payments for a portion of the property tax and energy costs they incur while subject to these measures. Eligible businesses required to reduce capacity to 50 per cent, such as smaller retail stores, will receive a rebate payment equivalent to 50 per cent of their costs, while businesses required to close for indoor activities, such as restaurants and gyms, will receive a rebate payment equivalent to 100 per cent of their costs.

A full list of eligible business types will be available through a program guide in mid-January 2022.

Online applications for this program will open in mid-January 2022. Payments to eligible businesses will be retroactive to December 19, 2021.

Businesses will be required to submit property tax and energy bills as part of the application process. 

Staff will update this section as the applications for the Ontario Business Costs Rebate Program opens - please check back soon!


 

Previously Announced Programs and Assistance