Canada Emergency Wage Subsidy
As a Canadian employer who has seen a drop in revenue due to COVID-19, you may be eligible for a subsidy to cover part of your employee wages, retroactive to March 15. This subsidy will enable you to re-hire workers, help prevent further job losses, and ease you back into normal operations.
Work-Sharing program extended
The federal government is extending the Work-Sharing program from 38 weeks to 76 weeks. The extension is not limited to one specific sector or industry. Available: Effective Mar. 15, 2020 to Mar. 14, 2021.
Large Employer Emergency Financing Facility
The loan plan provides support to employers with annual revenues of more than $300 million whose credit needs aren't being met through conventional financing. To qualify, businesses must be looking for financing of $60 million or more and have significant operations or large numbers of employees in Canada and must not be involved in any ongoing insolvency proceedings.