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Territories programs | COVID-19: Funding and financial relief programs for startups and small businesses

Canada Publication June 2020

A detailed table outlining the various programs available in the Territories are listed below. If you would like to discuss your eligibility for any of these programs, please do not hesitate to contact a member of our team.


CanNor’s Northern Business Relief Fund (NBRF) 

Description Eligibility Application details
  • NBRF provides short-term support for ongoing operations costs to small and medium-sized territorial businesses impacted by economic disruptions from COVID-19
  • The Fund will provide eligible territorial SMEs with short-term relief for operational costs in the form of a non-repayable grant ranging from $2,500 to a maximum of $100,000. The funding will cover a maximum period of 4 months, retroactive to April 1, 2020.
  • The NBRF supports small and medium-sized territorial businesses operating in one or more of the territories, and which are currently, and expect to continue, operating at a loss as a direct result of economic disruptions associated with COVID-19. Businesses with fewer than 20 employees will be prioritized.
  • To submit an application for the NBRF, click here 

Relief for Remote Northern Property Taxpayers

Description Eligibility Application details
  • Ontario is giving taxpayers (individuals and businesses) in unincorporated areas more time to pay each of the four 2020 Provincial Land Tax installments
  • Taxpayers will have 90 extra days to pay without incurring interest or penalties
  • Individuals and businesses in northern parts of Ontario may be eligible 
  • N/A
 

Indigenous Tourism Association of Canada: COVID-19 Development Stimulus Fund 

Description Eligibility Application details
  • The overall goal of this program is to assist in providing relief for Canadian Indigenous tourism businesses that are being affected by the impacts of travel restrictions and prepare for future tourism seasons. This can include market awareness, managing larger volumes of visitors, training qualified staff, and designing sustainable business growth strategies
  • This program is intended to assist as many Indigenous tourism businesses as possible from across Canada. There are limited funds available and therefore the funding amount for any one applicant will be up to a maximum of $25,000.  Due to the high volume of applications anticipated, ITAC may present an offer less than the full requested amount
  • As part of the process to apply for this funding, this form will ask you to describe the project for which you need funding assistance. The project must be specific to helping your Indigenous tourism business recover from COVID-19.  There are three primary areas of focus in 2020-2021. These include:
    • Maintaining jobs
    • Diversifying revenue streams
    • Resiliency/strengthening business offerings
  • Eligibility for this program is restricted to Canadian Indigenous tourism businesses who are at least 51% owned by Indigenous entrepreneurs or Indigenous communities or economic development corporations
 

 



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