COVID-19 FEDERAL BENEFITS ACCESS TOOL DLA Piper (Canada) LLP

*This information is current to the last update and may change. Page 1 of 24 *Last update: October 13, 2020 at 9:00 AM CAN: 32923249 Authored by: Rick Bennett (Senior Tax Counsel), Chris Ross (Tax Associate), Katie Taylor (Associate) and Michael Lisanti (Articled Student) CN7408: 32923249.27

COVID-19 Federal Benefits Access Tool

Program Who is eligible? How much? When does it start? How do I apply? More Information

Support For Workers

Canada Emergency Response Benefit (CERB) - new temporary program

Requirements:

1. Reside in Canada and have valid SIN;

2. Minimum 15 years old;

3. Stop work because of COVID-19 or eligible for EI regular/sickness benefits or exhausted EI regular/sickness benefits between December 29, 2019 and October 3, 2020;

4. Total employment and/or self-employment income of at least $5,000 in 2019 or preceding 12 months; and

5. Earn no more than $1,000 employment and/or self-employment income

a. for 14 consecutive days in first benefit period; or

b. for entire 4-week benefit period for new claims.

$2,000 per benefit period (4 weeks)

Maximum 7 benefit periods (28 weeks)

March 15, 2020

Each benefit period is 4 weeks

Final benefit period is August 30 to September 26, 2020 (can apply retroactively)

Applications open April 6 until December 2, 2020

Apply online:

• CRA if self-employed or part-time employee for < 8 months in 2019; or

• Service Canada if full-time employee or part-time employee for at least 8 months in 2019

Or apply by phone: 1-800-959-2019 / 1‑800‑959‑2041

*To continue receiving payments, applicants through CRA must reapply every 4 weeks, and applicants through Service Canada must submit a report every 2 weeks.

*Applicants for EI before March 15 continue to receive EI benefits (can apply for CERB when EI benefits end); applicants for EI on/after March 15 automatically processed through CERB.

Canada Emergency Response Benefit

Questions and Answers on the CERB

Employment and Social Development Canada news release (August 20, 2020)

Prime Minister News Release (June 16, 2020)

Return or repay a payment before December 31, 2020

COVID-19 FEDERAL BENEFITS ACCESS TOOL DLA Piper (Canada) LLP

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Program Who is eligible? How much? When does it start? How do I apply? More Information

Employment Insurance (regular benefits) - existing program

1. Lost job and not your fault; and

2. Additional eligibility criteria.

55% of average insurable earnings, up to $573/week for 26 weeks

*Canadians with at least 120 hours insurable work can also receive a one-time credit of 300 insurable hours.

As of September 27, 2020: minimum benefit rate of $400 per week.

Immediately, but must be without work and pay for 7 consecutive days in the last 52 weeks before eligible

1. Apply online here; then

2. Complete bi-weekly reports to prove continuing eligibility

Supporting Canadians through the next phase of the economy re-opening: Increased access to EI and recovery benefits

EI regular benefits

Supplemental Unemployment Benefit Program

Employment Insurance (sickness benefits) - expanded access to existing program

Employees who are:

• Sick;

• Quarantined; and

• Eligible for EI sickness benefits.

55% of average insurable weekly earnings, up to $573/week for up to 15 weeks

*Canadians with at least 120 hours insurable work can also receive a one-time credit of 480 insurable hours.

As of September 27, 2020: minimum benefit rate of $500 per week.

March 15, 2020

1. Apply online here; then

2. Call 1-833-381-2725 to waive one week waiting period

*You are not required to provide a medical certificate

Supporting Canadians through the next phase of the economy re-opening: Increased access to EI and recovery benefits

Employment and Social Development Canada (COVID-19)

EI sickness benefits

COVID-19 FEDERAL BENEFITS ACCESS TOOL DLA Piper (Canada) LLP

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Program Who is eligible? How much? When does it start? How do I apply? More Information

Canada Recovery Benefit (CRB)

Requirements (must be met during period applied for):

• Either:

o Not (self-) employed due to COVID-19, or

o 50% reduction in (self-) employment income due to COVID-19; and

• Did not quit job or reduce hours voluntarily, sought work, did not turn down work; and

• Additional eligibility criteria

$1,000 ($900 after taxes withheld) per 2-week period for up to 13 periods

Effective September 27, 2020 until September 25, 2021

Apply online

Or by phone: 1-800-959-2019 or 1-800-959-2041

Canada Recovery Benefit

Supporting Canadians through the next phase of the economy re-opening: Increased access to EI and recovery benefits

Employment and Social Development Canada news release (August 20, 2020)

Canada Recovery Sickness Benefit (CRSB)

Requirements (must be met during period applied for):

• Unable to work at least 50% of scheduled work week due to COVID-19-related self-isolating; and

• Additional eligibility criteria

$500 ($450 after taxes withheld) per week for up to 2 weeks

Effective September 27, 2020 until September 25, 2021

Apply online

Or by phone: 1-800-959-2019 or 1-800-959-2041

Canada Recovery Sickness Benefit

Supporting Canadians through the next phase of the economy re-opening: Increased access to EI and recovery benefits

Employment and Social Development Canada news release (August 20, 2020)

COVID-19 FEDERAL BENEFITS ACCESS TOOL DLA Piper (Canada) LLP

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Program Who is eligible? How much? When does it start? How do I apply? More Information

Canada Recovery Caregiving Benefit (CRCB)

Requirements (must be met during period applied for):

• Unable to work at least 50% of scheduled work week due to caring for family member due to COVID-19; and

• Additional eligibility criteria

$500 ($450 after taxes withheld) per week per household for up to 26 weeks

Effective September 27, 2020 until September 25, 2021

Apply online

Or by phone: 1-800-959-2019 or 1-800-959-2041

Canada Recovery Caregiving Benefit

Supporting Canadians through the next phase of the economy re-opening: Increased access to EI and recovery benefits

Employment and Social Development Canada news release (August 20, 2020)

Wage increase for essential workers - temporary new program

Essential workers who earn less than an amount to be determined by each province/territory, on a full-time basis (the Prime Minister previously announced an amount of $2,500, but now each province/territory will determine eligibility)

*The list of essential services varies by province/territory, so please check the relevant COVID-19 information webpage

To be determined by each province/territory

Currently in effect in provinces across Canada

To be determined by each province/territory

Prime Minister News Release (May 7, 2020)

Prime Minister News Release (April 15, 2020)

COVID-19 FEDERAL BENEFITS ACCESS TOOL DLA Piper (Canada) LLP

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Program Who is eligible? How much? When does it start? How do I apply? More Information

Canada Child Benefit (CCB) - one-time additional payment for 2019/2020 and increase maximum payment for 2020/2021

• Primary caregiver of child <18 years old; and

• Additional eligibility criteria

Increase benefit of $300 per child for 2019-2020 benefits year

Raise maximum benefit for 2020-2021 benefits year to:

• $6,765 per child under 6 years; and

• $5,708 per child aged 6-17 years.

May 2020

No application required if you already receive CCB

Otherwise, apply for CCB: 1. Register the birth 2. Online: CRA MyAccount 3. Mail: Form RC66

*Must have filed 2018 tax return. Payment based on 2018 tax return if 2019 tax return has not been assessed and CRA has not yet calculated benefits and/or credits for July to Sep. 2020 payment.

Canada child benefit

One-time increase to the May 2020 CCB payment for the 2019-2020 benefit year

PM News Release (May 16, 2020)

Goods and Services Tax credit (GSTC) - one-time additional payment

Individuals and families with low income

See eligibility criteria here.

GSTC doubled for 2019-2020 benefits year, so additional benefit of ~$400 for singles and ~$600 for couples

April 9, 2020 No application required

*Must have filed 2018 tax return. Payment based on 2018 tax return if 2019 tax return has not been assessed and CRA has not yet calculated benefits and/or credits for July to Sep. 2020 payment.

Special GSTC payment

GST/HST credit overview

COVID-19 FEDERAL BENEFITS ACCESS TOOL DLA Piper (Canada) LLP

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Program Who is eligible? How much? When does it start? How do I apply? More Information

File and pay income taxes - extended deadline

Individuals Deadline to file 2019 personal tax return extended to June 1, 2020

Deadline to pay new tax balances or instalments extended to September 30, 2020 (without interest or penalty)

Effective immediately No action required

*Delay in filing 2019 personal tax return could affect future entitlement to GSTC or CCB. However, if unable to file by deadline, will still continue to receive benefits through Sep. 2020.

Extra time to file income tax returns

Income tax filing and payment dates: CRA and COVID-19

Tax filings - extended deadline

Taxpayers required to make filings (e.g. returns, elections, designations, information requests) due after March 18, 2020

Filings due after March 18, 2020 may be deferred to June 1, 2020

Effective immediately No action required CRA’s Additional Measures for Individuals and Businesses

COVID-19 FEDERAL BENEFITS ACCESS TOOL DLA Piper (Canada) LLP

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Program Who is eligible? How much? When does it start? How do I apply? More Information

Canada Emergency Student Benefit (CESB) - temporary new program

This program has ended. Applications closed September 30, 2020.

Requirements:

• Did not apply, receive, nor qualify for CERB or EI benefits for same period;

• Canadian citizen, registered Indian, permanent resident, or protected person;

• Studying in Canada or abroad and meet 1 of the following requirements:

o Post-secondary graduate (completed or ended post-secondary studies in or after December 2019);

o Post-secondary student (enrolled in post-secondary program leading to degree / diploma / certificate); or

o High school graduate (finishing high school in 2020 and starting post-secondary program before February 2021); and

• Unable to work due to COVID-19 OR looking for work OR working but employment/self-employment income $1,000 or less during benefit period.

• $1,250 per benefit period for eligible students; or

• $2,000 per benefit period for eligible students with disabilities or dependants

*Dependant means child <12 years old or person with disability who is completely dependant on student or student’s spouse or common-law partner

Applications open May 15, 2020 and must be submitted before September 30, 2020.

There are four 4-week benefit periods:

• May 10 to June 6, 2020

• June 7 to July 4, 2020

• July 5 to August 1, 2020

• August 2 to August 29, 2020

*You must apply for each benefit period separately.

*For high school graduates: your high school completion date must be before start date of first eligibility period you applying (e.g. if you complete high school on or after June 7, you can only apply for benefit periods starting on July 5 and/or August 2).

Must apply by September 30, 2020:

• Online through CRA My Account;

• By phone:

1-800-959-8281 or

1-800-959-2041

*If you have never filed a Canadian tax return you must first call 1-800-959-8281 to register your SIN with CRA

*If you are able to work, to continue to qualify, you must continue to actively look for work. The Government of Canada recommends registering with the Canada Job Bank (https://www.jobbank.gc.ca/findajob/resources/cesb)

Canada Emergency Student Benefit (CESB)

ESD Canada News Release (April 29, 2020)

COVID-19 FEDERAL BENEFITS ACCESS TOOL DLA Piper (Canada) LLP

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Program Who is eligible? How much? When does it start? How do I apply? More Information

Canada Student / Apprentice Loans - pause repayment of current loans

• Borrower on Canada Student Loans or Canada Apprentice Loans; and

• Currently required to repay amounts

Pause repayment of current student loans (without interest or penalty)

March 30, 2020 until September 30, 2020

*loan repayments begin October 1, 2020

No application required

*Pre-authorized debits automatically stopped

*You may have to manually stop other payments arranged through your bank

A moratorium on the repayment of CSL

ESDC (COVID-19)

NSLSC What's New

Canada Student Grants and Loans - changes to 2020-2021 loans

Available to full-time and part-time students.

Eligibility for different grants may differ. Check with your province of residence.

1. Doubled grants for:

• Full-time students (up to $6,000);

• Part-time students (up to $3,600); and

• Students with permanent disabilities or dependents.

2. Removed requirement for fixed contribution by expected student and spouse.

3. Raised maximum weekly amount from $210 to $350.

August 1, 2020 Apply for Canada Student Grants and Loans through your province of residence (here)

Canada Student Loans – COVID-19

PM News Release (April 22, 2020)

Dept. Finance Backgrounder (April 22, 2020)

COVID-19 FEDERAL BENEFITS ACCESS TOOL DLA Piper (Canada) LLP

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Program Who is eligible? How much? When does it start? How do I apply? More Information

Support For Workers And Businesses

Work Sharing Program - temporary special measure

Employers + employees in any industry affected by temporary work reduction (minimum 10%)

Eligibility criteria:

• Employers

• Employees

Benefits based on employee’s normal average weekly earnings

*Deductions may apply

March 15, 2020 - March 14, 2021

• Apply 10 days before start date

• Agreements last up to 76 weeks

• No wait between agreements

Employer and employees (and union, if applicable) must agree to participate in Work-Sharing Agreement and apply together

Find forms here and submit by email

Extend WS Program

Employment and Social Development Canada (COVID-19)

Temporary special measures

COVID-19 FEDERAL BENEFITS ACCESS TOOL DLA Piper (Canada) LLP

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Program Who is eligible? How much? When does it start? How do I apply? More Information

Support For Businesses

Canada Emergency Wage Subsidy (CEWS) – new temporary program

1. Employer who is a: a. corporation (other than a tax-exempt

entity or public institution); b. individual (including certain trusts); c. registered charity (other than a

public institution); d. NPO or other specified tax-exempt

entity (other than a public institution);

e. partnership, provided non-eligible members hold 50% or less of fair market value of all interests in partnership;

f. Indigenous government-owned corporations (or their subsidiaries) or partnerships each member of which is Indigenous government or eligible entity; or

g. private colleges and private schools; 2. Had CRA payroll account on March 15,

2020 or used payroll service provider; 3. For periods 1-4: revenue reduction of

15% in March and 30% in April/May/June 2020 calculated as follows: a. Year-over-year; or b. Compare to average revenue in

January and February 2020; and 4. For period 5-9: any revenue reduction. *If employee(s) not paid for 14 or more consecutive days in claim period (only for periods 1-4), then not eligible. *Charities/NPOs can exclude government funding in calculating revenue reduction. *Special rules for revenue from non-arms length sources.

For periods 1-4: up to 75% of pre-crisis remuneration (existing employees) or 75% of remuneration (new employees) (in both cases up to $847 per week per employee)

For periods 5-9: amount of subsidy depends on revenue reduction.

*Special rules for non-arms length employees

*Benefit reduced by Temporary Wage Subsidy and Work-Sharing benefits

Additionally:

• Refund of 100% of employer-paid contributions for each week employee(s) on leave with pay; and

• If revenue drop over 3-month span is > 50% may qualify for top-up.

*You can calculate your subsidy amount here!

Periods 1-4:

• March 15 - April 11

• April 12 - May 9

• May 10 - June 6

• June 7 - July 4

Periods 5-9:

• July 5 - August 1

• August 2 - August 29

• August 30 - September 26

• September 27 - October 24

• October 25 - November 21

Proposed extension:

• Until June 2021

Applications open April 27, 2020:

• CRA My Business Account portal;

• CRA Represent a Client portal; or

• Online application form.

Submit application after end of each claim period and before February 1, 2021 and:

• Attest to revenue reduction; and

• Report eligible remuneration paid.

Applicants should generally receive payment within 10 business days if registered for direct deposit.

The Canada Emergency Wage Subsidy

Application guide

FAQs - Technical guide

New CEWS rules are complicated and CRA’s updated online calculator can help (31 August 2020)

Canada proposes sweeping changes to Canada Emergency Wage Subsidy (30 July 2020)

Extending the CEWS

COVID-19 FEDERAL BENEFITS ACCESS TOOL DLA Piper (Canada) LLP

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Program Who is eligible? How much? When does it start? How do I apply? More Information

Temporary Wage Subsidy – new temporary program

*May be claimed separately from or in addition to CEWS

1. Employer who is a:

a. Canadian-controlled private corporation eligible for small business deduction;

b. individual (excluding trusts);

c. partnership with eligible partners;

d. non-profit organization; or

e. registered charity

2. Have CRA business number + payroll account on March 18; and

3. Pay remuneration to employee(s) in Canada

10% of remuneration paid (up to $1,375 per employee and $25,000 per employer)

3-month period from March 18, 2020 to June 19, 2020

No application required:

1. Calculate subsidy; and

2. Reduce income tax (not CPP or EI) remittance by subsidy

CRA: Frequently Asked Questions – Temporary Wage Subsidy for Employers

Department of Finance news release (April 1, 2020)

Canada Summer Jobs Program (CSJP) - temporary changes

Employer that already applied for CSJP 2020 season (applications now closed)

*Employers that did not meet prior application deadline but provide essential services and could employ youth age 15-30 may be eligible.

• Wage subsidy increased to 100% of provincial or territorial minimum hourly wage per employee for all employers

• Part-time jobs allowed

Job placements begin May 11, 2020

Last end date extended to February 28, 2021

• Employers that already applied: changes happen automatically

• Employers that did not already apply: if you are eligible you will be contacted

Prime Minister News Release (April 8, 2020)

CSJ Overview

COVID-19 FEDERAL BENEFITS ACCESS TOOL DLA Piper (Canada) LLP

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Program Who is eligible? How much? When does it start? How do I apply? More Information

File and pay income taxes - extended deadline

Businesses

Deadline to file

• corporate tax return due after March 18, 2020 extended to June 1, 2020

• corporate tax return due after May 31, 2020 extended to September 1, 2020

• partnership information return extended to May 1, 2020

• trust tax return extended to May 1, June 1, or September 1 2020 (depending on year-end)

Deadline to pay new tax balances or instalments extended to September 30, 2020 (without interest or penalty)

Effective immediately No action required Income tax filing and payment dates: CRA and COVID-19

Tax filings - extended deadline

Taxpayers required to make filings (e.g. returns, elections, designations, information requests) due after March 18, 2020

*Does NOT apply to payroll deductions and related activities

Filings due after March 18, 2020 may be deferred to June 1, 2020

Effective immediately No action required CRA’s Additional Measures for Individuals and Businesses

COVID-19 FEDERAL BENEFITS ACCESS TOOL DLA Piper (Canada) LLP

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Program Who is eligible? How much? When does it start? How do I apply? More Information

Tax filings - extended deadlines

Registered charities Deadline to file Form T3010 due after March 18, 2020 extended to December 31, 2020

Effective immediately No action required Income tax filing and payment dates: CRA and COVID-19

GST/HST Remittance Deferral - extended deadline

Businesses (including self-employed individuals) that collect GST/HST

Remittance deadline extended to June 30, 2020 for:

• Monthly filers - GST/HST collected for Feb/Mar/Apr 2020 reporting periods

• Quarterly filers - GST/HST collected for Jan-Mar 2020 reporting period

• Annual filers with return/instalment due Mar-May 2020 - GST/HST collected in previous year and GST/HST instalments for current year

Effective immediately

No action required

*Must still file GST/HST return by regular deadline

Deferral of GST/HST FAQs

Deferral of Sales Tax Remittance and Customs Duty Payments

Customs Duty and Sales Tax - extended deadline

Businesses that import goods and pay tariffs under Customs Act

Payment deadlines for statements of accounts for Mar/Apr/May 2020 extended to June 30, 2020

Effective immediately No action required Deferral of Customs Duty and Sales Tax for Importers

COVID-19 FEDERAL BENEFITS ACCESS TOOL DLA Piper (Canada) LLP

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Program Who is eligible? How much? When does it start? How do I apply? More Information

Business Credit Availability Program (BCAP)

Canada Emergency Business Account - new temporary program

General requirements:

• Canadian business operating as of March 1, 2020;

• Has federal tax registration; • Has active account with lender

opened on or before March 1, 2020 and not in arrears by 90 days or more as of March 1, 2020; and

• Paid between $20,000 and $1.5 million in total employment income in 2019 calendar year.

Expanded eligibility:

Business with payroll $20,000 or less eligible if:

• Has business operating account at participating financial institution;

• Has CRA business number and filed 2018 or 2019 tax return;

• Has eligible non-deferrable expenses between $40,000 and $1.5 million (e.g. rent, property taxes, utilities, insurance).

Also eligible as of June 26, 2020:

• owner-operated small businesses that do not have a payroll;

• sole proprietors receiving business income directly; and

• family-owned corporations remunerating in the form of dividends rather than payroll.

*Not available to government, unions, charitable/religious/fraternal organizations, or an entity owned by any Federal MP or Senator.

Interest-free loans up to $40,000

At December 31, 2022:

• If loan repaid: 25% (up to $10,000) forgivable

• If loan not repaid: balance converted to 3-year term loan at 5% interest

Additional interest-free loans up to $20,000 (50% forgivable if repaid by December 31, 2022)

*Funds may only be used for non-deferrable operating expenses such as payroll, rent, utilities, insurance, property tax, regularly scheduled debt service, and not for expenses such as prepayment or refinancing of existing indebtedness, payments of dividends, distributions, increases in management compensation.

For general requirements: now available at 234 financial institutions across Canada.

For expanded eligibility: now available at most of the 234 financial institutions across Canada.

For general requirements:

1. Apply through your financial institution;

2. Government of Canada will assess your application;

3. If approved, your financial institution will deposit funds into your business chequing / operating account.

For expanded eligibility: applicants must also provide supporting documentation of the 2020 Eligible Non-Deferrable Expenses by uploading here.

*Deadline to apply is December 31, 2020

CEBA (https://ceba-cuec.ca/) Department of Finance News release (June 15, 2020) - Expanded Eligibility

Prime Minister News Release (May 19, 2020)

Expanded CEBA

COVID-19 FEDERAL BENEFITS ACCESS TOOL DLA Piper (Canada) LLP

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Program Who is eligible? How much? When does it start? How do I apply? More Information

Business Credit Availability Program (BCAP) cont.

Co-Lending Program for Small and Medium Enterprises - Business Development Bank of Canada (BDC)

Businesses impacted by COVID-19

*Financial institutions may have additional requirements

Loans between $1-$12.5 million for operational cash flow requirements, co-financed by BDC and your primary financial institution

Now available at various banks and credit unions

*Available until June 2021

Contact your financial institution

New Loan Programs for Businesses

Co-Lending Program

Loan Guarantee for Small and Medium Enterprises - Export Development Canada (EDC)

Businesses impacted by COVID-19

• including exporting and non-exporting businesses

• excluding certain organizations (government, charities, unions)

*Financial institutions may have additional requirements

EDC provides a partial guarantee (80%) to your financial institution for operating credit and term loans up to $6.25 million

*Must only be used to cover operating costs

Now available at various banks and credit unions

*Available until June 2021

Contact your financial institution

New Loan Programs for Businesses

Canada’s COVID-19 Economic Response Plan

EDC BCAP Guarantee

Mid-Market Financing Program - BDC

Requirements: • Medium-sized business with annual

revenues between $100 million and $500 million;

• Impacted by COVID-19 or fall in oil and gas prices; and

• Require additional credit.

Loans of $12.5-$60 million, provided jointly by BDC and your primary financial institution.

Now available

*Available until June 2021

Contact your financial institution

For more information on beginning your application, complete the online form here.

Mid-Market Financing Program

Prime Minister News Release (May 11, 2020)

Mid-Market Guarantee and Financing Program - EDC

Medium-sized businesses (including exporters, international investors, and businesses that sell products or services within Canada) with annual revenues between $50 - $300 million who require additional credit

• Guarantee 75% of new operating credit and cash-flow loans of $16.75-$80 million

TBA TBA Prime Minister News Release (May 11, 2020)

Business Credit Availability Program

COVID-19 FEDERAL BENEFITS ACCESS TOOL DLA Piper (Canada) LLP

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Program Who is eligible? How much? When does it start? How do I apply? More Information

Canada Emergency Commercial Rent Assistance (CECRA) - Canada Mortgage and Housing Corporation

Eligible landlord: • Owns commercial real property in

Canada that generates rental revenue; • Property occupied by one or more

eligible tenants; • Declared rental income on

personal/corporate tax return for 2018 and/or 2019; and

• Has Rent Reduction Agreement for April, May, June, July and August 2020 that: o reduces rent by at least 75%; and o has eviction moratorium.

*Properties with or without a mortgage are eligible.

Eligible tenant:

Business (including charities and NPOs) that: • Opened before March 1, 2020; • Pays $50,000 or less in monthly gross

rent per location; • Has 70% decline in revenue or

temporarily ceased operations (charities and NPOs must exclude non-arms length revenue); and

• Has $20 million or less in gross annual revenue (on a consolidated basis).

*To calculate change in revenue: • Compare to April/May/June 2019; or • Compare to average of

January/February 2020. *Sub-tenancy arrangements may be eligible *Landlords/tenants that are non-arms length may be eligible if lease is on market terms.

Forgivable loans to landlord that cover 50% of gross rent for 3-month period.

Of remaining 50%

• Landlord responsible for minimum 25%;

• Tenant responsible for maximum 25%.

Loans will be forgiven if landlord complies with program terms and conditions (e.g. does not seek to recover rent abatement amounts after program is over).

*Forgivable loans paid directly to landlord’s mortgage lender.

Program offers assistance for April, May, and June 2020, and has been extended to include July, August and September 2020.

*All tenants approved in the April, May and June application are automatically eligible for the extensions.

*New applicants with an average revenue decline of 70% or more in April, May and June are deemed eligible for all 6 months (April through September 2020)

*Assistance can be applied retroactively - opt-in deadline is October 30, 2020

Apply online here.

Extensions for July / August / September:

• If you were previously approved for CECRA you automatically qualify for extension. New deadline to opt in TBA.

• If you have not yet applied for CECRA, new deadline to apply TBA.

*Applicant must provide Rent Reduction Agreement and signed attestations by landlord and tenant.

*A landlord with multiple eligible tenants can apply for all eligible tenants at the same time.

CECRA for Small Businesses

FAQs

COVID-19 FEDERAL BENEFITS ACCESS TOOL DLA Piper (Canada) LLP

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Program Who is eligible? How much? When does it start? How do I apply? More Information

Large Employer Emergency Financing Facility (LEEFF) - Canada Development Investment Corporation (CDEV); Innovation, Science and Economic Development Canada (ISED); and the Department of Finance

Requirements:

• Large for-profit businesses in any sector (except financial sector) and certain not-for-profits businesses;

• Have significant operations or workforce in Canada;

• $300 million or more in annual revenue;

• Require minimum $60 million loan;

• Not found guilty of tax evasion; and

• Commit to minimizing loss of employment and to sustaining domestic business activities.

For Canadian public companies: borrower must issue to CEEFC warrants with option to purchase borrower’s common shares worth 15% of principal amount or cash consideration equivalent to value of warrants.

*Applicants note additional terms and conditions (see “How much?” )

Interest-bearing term loans of minimum $60 million advanced in tranches over 12 months.

Loan will be provided by two loan facilities:

1. 80% unsecured:

• Interest: 5% per year payable quarterly, increasing to 8% per year after one year, and further increasing by 2% per year each subsequent year;

• Term: 5 years.

2. 20% secured:

• Interest: based on borrower’s existing secured debt;

• Term: based on borrower’s existing secured debt.

Additional terms and conditions:

• Loan may be prepaid at any time without penalty.

• Prohibitions on dividends, capital distributions, and share repurchases.

• Restrictions on executive compensation.

• Covenants to perform obligations under pension plans and collective bargaining agreements, and publish annual climate‑related financial disclosure report.

• CEEFC reserves right to appoint observer to borrower’s Board.

May 20, 2020 Apply online:

1. complete the online inquiry form here;

2. email form to leeff-cuge@cdev.gc.ca

*Must use email address from enterprise’s corporate domain

Overview

Fact Sheet

Applications open for LEEFF

Prime Minister News Release (May 11, 2020)

COVID-19 FEDERAL BENEFITS ACCESS TOOL DLA Piper (Canada) LLP

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Program Who is eligible? How much? When does it start? How do I apply? More Information

Regional Relief and Recovery Fund (RRRF) - Regional Development Agencies (RDAs) and Community Futures Development Corp. (CFDCs)

Small and medium enterprises and rural businesses that may be ineligible for other COVID-19 financial supports

*There may be additional eligibility criteria (e.g. number of employees, annual revenue, eligible costs, priority for particular industries) depending on which economic region the applicant is located. For additional criteria, please see program details for the 6 RDAs listed here:

• Atlantic Canada (ACOA)

• Quebec (CED)

• Nunavut, Northwest Territories, and Yukon (CanNor)

• Southern Ontario (FedDev Ontario)

• Northern Ontario (FedNor)

• BC, Alberta, Saskatchewan, Manitoba (WD)

Repayable, conditionally repayable, and non-repayable contributions of various sizes, based on local needs.

E.g. some RDAs offer two categories of loans:

• $40,000 or less (if 75% is repaid by December 31, 2022, then the remaining 25% becomes non-repayable; otherwise 100% repayable over 3 years, starting January 1, 2023)

• > $40,000 (100% repayable over 5 years starting January 1, 2023)

May 13, 2020 Apply through one of 6 RDAs listed here:

• Atlantic Canada (ACOA)

• Quebec (CED)

• Nunavut, Northwest Territories, and Yukon (CanNor)

• Southern Ontario (FedDev Ont.)

• Northern Ontario (FedNor)

• BC, Alberta, Saskatchewan, Manitoba (WD)

Or through a CFDC: https://communityfuturescanada.ca/

PM News Release (April 17, 2020)

Regional Relief Recovery Fund

Futurpreneur Canada (FC) - increased funding

• Existing Futurpreneur Start-Up Program clients who had loans prior to April 1, 2020 (“start-up clients”)

• Existing Futurpreneur clients who do not qualify for Canada Emergency Business Account (“other clients”)

*Requirements to be a client include:

• 18-39 years old; and

• Plan to start business within 1 year or working full-time on business for < 1 year

• For start-up clients: loan payments covered for 6 months from March 25 to Sep. 24, 2020

• For other clients: top-up existing loan up to $10,000 (interest-free, 1 year deferred repayment)

March 25, 2020 Apply online here for existing programs.

Futurpreneur Press Release (April 28, 2020)

Prime Minister - News Release (April 17, 2020)

Futurpreneur Financing

COVID-19 FEDERAL BENEFITS ACCESS TOOL DLA Piper (Canada) LLP

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Program Who is eligible? How much? When does it start? How do I apply? More Information

Northern Business Relief Fund (NBRF) - Canadian Northern Economic Development Agency (CanNor)

Requirements:

• Registered small or medium enterprise;

• Operating on or before October 1, 2019;

• Predominantly in Northwest Territories, Yukon and/or Nunavut;

• Maximum 50 employees (priority for <20 employees);

• Financially viable before COVID-19; and

• Operating at loss as direct result of COVID-19.

*Not available to not-for-profit organizations, societies, co-operatives, unincorporated associations, government entities, crown corporations, or franchisees or subsidiaries with funding from the franchisor or parent.

*Funding extension based on need for businesses in tourism, accommodations, food services, arts, entertainment, recreation, transportation and retail.

Non-repayable grant up to $100,000 (minimum $2,500), for up to 4 months

What costs are covered?

• Eligible fixed costs including rent/mortgage, utilities and insurance that are not already covered by other federal/territorial/ municipal programs are covered;

• Ineligible costs including salaries and wages are not covered.

*Recipient must not generate profit from participation in NBRF

Program runs from April 1, 2020 to July 31, 2020

Funding extension: NBRF will continue to provide financial support to current eligible recipients until the earlier of:

• Maximum $100,000 funding; or

• March 31, 2021.

1. Complete the online form here;

2. Provide supporting documentation listed here;

3. Email a CanNor regional office (contact info here)

*Apply by July 31, 2020 (but possible extension based on need)

*Eligible Yukon businesses should apply for the Yukon Business Relief Program and consent to share information with CanNor. You will automatically be considered an applicant for both relief programs.

About the Northern Business Relief Fund

Northern Business Relief Fund: Guidelines

COVID-19 FEDERAL BENEFITS ACCESS TOOL DLA Piper (Canada) LLP

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Program Who is eligible? How much? When does it start? How do I apply? More Information

National Aboriginal Capital Corporations Association (NACCA) and Métis Capital Corporations (MCC) - increase funding

Small and medium-sized indigenous businesses, including First Nations, Inuit and Métis, that are current or former clients of an Aboriginal Financial Institution.

*You cannot also apply for BCAP

*You can also apply for CEWS

Up to $40,000 including:

• Short-term, interest-free loans up to $30,000; and

• Non-repayable contributions up to $10,000

June 25, 2020

*Sign up for email alerts here

Apply through an Aboriginal Financial Institution (AFI)

Relief measures for Indigenous businesses

FAQs for Indigenous Businesses (April 23, 2020)

Find the 59 AFIs here

Farm Credit Canada (FCC) - increased funding

FCC customer or individual who:

• Is Canadian citizen or permanent resident;

• Is legal adult in a province;

• Earns significant portion of revenue from agriculture; and

• If applying on behalf of a corporation, is majority stakeholder of corporation

1. Payment deferral:

a. Principal and interest for 6 months; or

b. Principal only for 12 months;

2. Up to $500,000 additional credit

Effective immediately Apply online here FCC COVID-19 support program

Prime Minister News Release (May 5, 2020)

Fish Harvester Benefit - temporary new program

This program has ended. Applications closed October 19, 2020.

Requirements:

• Self-employed commercial or freshwater harvester, designated indigenous harvester, or sharespersons crew; and

• Decline in fishing income >25% in 2020 tax year.

Not available for commercial harvesters in offshore sector, wage-earning crew, and anyone who has applied for or received CEWS.

75% of fishing income losses beyond 25% income decline threshold, up to $10,164.

August 24, 2020 Applications open August 24, 2020 to October 19, 2020

Fish Harvester Benefit and Grant Program

COVID-19 FEDERAL BENEFITS ACCESS TOOL DLA Piper (Canada) LLP

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Program Who is eligible? How much? When does it start? How do I apply? More Information

Fish Harvester Grant - temporary new program

This program has ended. Applications closed October 19, 2020.

Requirements:

• Self-employed commercial or freshwater harvester, or designated indigenous harvester; and

• Holds valid commercial fishing licence for 2020 and landings against commercial fishing licence for 2018 or 2019.

Not available for commercial harvesters in offshore sector, wage-earning crew, and anyone who has applied for or received CEBA.

Non-repayable grant up to $10,000 (amount depends on historic revenue)

August 24, 2020 Applications open August 24, 2020 to October 19, 2020

Fish Harvester Benefit and Grant Program

Black Entrepreneurship Loan Fund - new program

Black business owners and entrepreneurs.

Loans between $25,000 and $250,000.

*Additional financial support available through partnership with financial institutions.

TBA TBA Prime Minister announces support for Black entrepreneurs and business owners (September 9, 2020)

Industrial Research Assistance Program - National Research Council (NRC)

This program has ended. Applications are closed.

Small and medium enterprises (<500 staff) with promising technology relevant to COVID-19 challenges

1. Phase 1 funding to develop proof of concept;

2. Phase 2 funding to develop prototype;

3. NRC, Public Health Agency of Canada, or Health Canada may purchase final product

Effective immediately 1. Innovative Solutions Canada will post COVID-19 challenges and call for proposals;

2. Companies with relevant technology can register here

*Applications now closed

Prime Minister - News Release (April 17, 2020)

The COVID-19 Challenges Procurement Program

COVID-19 FEDERAL BENEFITS ACCESS TOOL DLA Piper (Canada) LLP

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Program Who is eligible? How much? When does it start? How do I apply? More Information

Emergency Community Support Fund - temporary new program

Qualified donees, charities, and non-profit organizations that deliver essential services to vulnerable Canadians.

Selection criteria:

• Project addresses pressing need caused by COVID-19 and can be delivered with short timeframe and reasonable budget; and

• Applicant did not receive funding for project costs from another source.

Intermediaries may have extra criteria

Funding based on size and need of local population.

May 19, 2020

Second round available on October 5, 2020

Apply through one of these intermediaries:

• United Way Centraide Canada;

• Canadian Red Cross; or

• Community Foundations of Canada

ESD Canada: Emergency Community Support Fund

COVID-19 FEDERAL BENEFITS ACCESS TOOL DLA Piper (Canada) LLP

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Program Who is eligible? How much? When does it start? How do I apply? More Information

COVID-19 Emergency Support Fund - Canadian Heritage

Phase I funding:

• Eligible organizations that receive funding from one of the following Canadian Heritage programs:

o Canada Periodical Fund;

o Canada Book Fund; o Canada Music Fund (via

FACTOR and Musicaction);

o Canada Arts Training Fund;

o Canada Arts Presentation Fund; o Harbourfront Centre Funding

Program; o Building Communities Through

Arts and Heritage Program; o Sport Support Program; o Digital Citizen Contribution

Program; and o Athlete Assistance

Program (certain athletes only).

• Eligible organizations that receive funding from one of the following funders:

o Canada Council for the Arts;

o Canada Media Fund; and o Telefilm Canada.

Phase II funding:

• Non-profit organizations with a heritage collection through the Museums Assistance Program; and

• Organizations that do not receive funding from any of the above

Phase I funding:

• Top-up funding through existing program of up to 25% of recently approved funding

*Funds should be used for eligible expenses under program through which they are accessed.

*Organizations may also apply for other financial support programs (e.g. CERB, CEWS, CEBA, CECRA) so long as they cover different costs

Phase II funding:

• For Museums Assistance Program (MAP): amount based on 2019 expenses, up to $100,000 (minimum $5,000)

• $52.1 million (total program budget) to cultural organizations that are not current recipients of Canadian Heritage programs and/or did not receive funding through Phase 1

Phase I funding: effective immediately

Phase II funding: TBA

Phase I funding: no application required, but must attest to the following:

1. Need funding to continue operations;

2. “in operation at the time of application” (includes planning to reopen when public health guidelines permit);

3. Not receiving funding from multiple sources to cover the same costs;

4. Funds will support workers.

*Application process may differ for specific funds.

Phase II funding:

• MAP: online here • Other Phase 2

applications: TBA

Emergency Support Fund

FAQs

Related programs:

• Funding for Culture, Heritage and Sport

• Emergency Support Fund

COVID-19 FEDERAL BENEFITS ACCESS TOOL DLA Piper (Canada) LLP

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Program Who is eligible? How much? When does it start? How do I apply? More Information

Canada Emergency Rent Subsidy (CERS) -

Businesses, charities, and non-profits that have suffered a revenue drop Organizations temporarily shut down by a mandatory public health order are eligible for a 25% top-up

Subsidy to be provided directly to tenants

Up to a maximum of 65% of eligible expenses until December 19, 2020 (new criteria to follow for 2021)

25% top-up for organizations shut down by public health order, in addition to the 65%

First period begins September 27-October 24

Will be able to apply retroactively

No information yet Government announces new, targeted support to help businesses through pandemic

DLA Piper (Canada) LLP is part of DLA Piper, a global law firm operating through various separate and distinct legal entities. Further details of these entities can be found at www.dlapiper.com. This publication is intended as a general overview and discussion of the subjects dealt with, and does not create a lawyer-client relationship. It is not intended to be, and should not be used as, a substitute for taking legal advice in any specific situation. Note past results are not guarantees of future results. Each matter is individual and will be decided on its own facts. Copyright © 2020 DLA Piper (Canada) LLP. All rights reserved.