Below you will find a list of resources available for business owners across Canada.- Canada Emergency Rent Subsidy (CERS): The CERS is a rent relief program from the federal government during COVID-19.- Canada Emergency Wage Subsidy (CEWS): Extended until June 2021. The CEWS program covers up to 75% of employee wages for all eligible wages impacted by COVID-19.- Canada Emergency Business Account (CEBA): The CEBA has increased its maximum interest-free loan size to $60k. Anyone who has received CEBA already is also eligible for additional funds.- Regional Relief and Recovery Fund (RRRF): The RRRF has been an important part of stabilizing Canadian businesses following the effects of COVID-19. The federal government has allocated an additional $600 million to continue to offer federal relief options to address urgent needs.- Support for Agri-Businesses During COVID-19: Farm Credit Canada has received $5B in additional lending from the federal government to support farmers with financial requirements to keep food growing in the country.- Innovation Assistance Program (IAP): The IAP has been extended due to COVID-19 by $155 million in order to continue to support Canadian businesses through adverse economic impacts caused by COVID-19.
Under the current circumstances of the COVID-19 pandemic, the Canadian government has moved forward with providing financial relief for individuals and businesses in a number of ways.
As the pandemic changes, so too do the government’s response to this unique time in history.
At Geo Pallet, we appreciate and recognize the efforts of the Canadian federal and provincial governments for their contributions to supporting our business during the pandemic. We will always do our due diligence to fulfilling our obligations toward the government and its bylaws when it comes to the safety of everyone.
