Government Help for Business Owners During Covid-19: A Summary

The federal government is rolling out a massive aid package for businesses affected by Covid-19, including billions in wage subsidies and credit.

See the table below for a summary of the programs available to business owners during the pandemic.

The Canada Emergency Business Account and loan programs listed are part of the government’s Business Credit Availability Program (BCAP) of $65 billion in direct lending to small and medium-sized businesses. The BCAP will be administered by Export Development Canada (EDC) and the Business Development Bank of Canada (BDC ), with loans co-ordinated through banks or other financial institutions. Full details are forthcoming.

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