Financial Assistance

The Goverment has Created a Wide Variety of Financial Assistance Programs for Business.

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

To assist in navigating financial assistance, the Canada Revenue Agency (CRA) has adapted its Liaison Officer service to support small businesses and self-employed individuals during COVID-19. Liaison Officers will be available exclusively by phone to provide the key information that small businesses and self-employed individuals need most urgently, including filing and payment deadlines and proactive relief measures.

Business owners and self-employed individuals can fill out the Liaison Officer Service Request Form to have a Liaison Officer contact them by phone.

Canadian Emergency Response Benefit - Updated to Maximum of 28 Weeks

If you have stopped working because of COVID-19, the Canada Emergency Response Benefit (CERB) may provide you with temporary income support.  On August 20 this program was expanded by an additional 4 weeks for a maximum of 28 weeks.

  • If you are eligible, you can receive $2,000 for a 4-week period
  • If your situation continues past 4 weeks, you will need to apply for the CERB again.
  • You may re-apply for up to a total of 28 weeks.
  • People may now earn up to $1,000 per month while collecting the CERB.
  • Extended to seasonal workers who have exhausted their EI regular benefits and are unable to undertake their regular seasonal work as a result of the COVID-19 outbreak.
  • Extended to workers who have recently exhausted their EI regular benefits and are unable to find a job or return to work because of COVID-19.
  • Allows artists to receive royalty payments for copyrighted works produced before March 1st while collecting the CERB

These changes will be retroactive to March 15, 2020.


Links & Telephone Numbers to Banks

1. BMO

Canadian Emergency Response Benefit

BMO Online support tool

1- 877-788-1923

2.  CIBC

Canadian Emergency Response Benefit 

For situations requiring immediate attention, such as having a payment due in the next 48 hours, please contact your CIBC advisor or call 1-877-454-9030.

3.  RBC

Canadian Emergency Response Benefit

RBC has stated their commitment to providing financial relief for business clients who have experienced financial hardship as a result of the COVID-19 outbreak.  Learn more


4.  Scotiabank

Canadian Emergency Response Benefit  

Scotiabank's support measures are flexible, and include payment deferrals for mortgages and relief on credit products for those who qualify. Learn more


5.  TD

Canadian Emergency Response Benefit

TD is offering mortgage payment deferral options for up to 6 months. Learn more


6.  National Bank of Canada

Canadian Emergency Response Benefit

National Bank of Canada has put in place a variety of programs to alleviate hardship. Learn more