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
 

 



Contacts

Vanessa Grant
Vanessa Grant
Senior Partner
Email
vanessa.grant@nortonrosefulbright.com
T: +1 416 216 4056
Mathieu Deschamps
Mathieu Deschamps
Partner, Canadian Co-Head of Mergers and Acquisitions
Email
mathieu.deschamps@nortonrosefulbright.com
T: +1 514 847 4344
Peter Riddell
Peter Riddell
Partner
Email
peter.riddell@nortonrosefulbright.com
T: +1 514 847 4536
Maya Medeiros
Maya Medeiros
Partner
Email
maya.medeiros@nortonrosefulbright.com
T: +1 604 641 4846
Paul Amirault
Paul Amirault
Partner
Email
paul.amirault@nortonrosefulbright.com
T: +1 613 780 8601
Brigitte LeBlanc-Lapointe
Brigitte LeBlanc-Lapointe
Partner
Email
brigitte.leblanc-lapointe@nortonrosefulbright.com
T: +1 613 780 8638
Elizabeth Williams
Elizabeth Williams
Managing Partner, Calgary Office
Email
elizabeth.williams@nortonrosefulbright.com
T: +1 403 267 8383
Pierre Nicol
Pierre Nicol
Senior Partner
Email
pierre.nicol@nortonrosefulbright.com
T: +1 418 640 5013

Industries:

Practice areas:

Recent publications

US merger enforcement is… down? Lessons from the FY2021 HSR annual report

Publication

US Supreme Court clarifies scope of liability for omissions under Rule 10b-5(b)

The US Supreme Court has ruled that a “pure omission” under Item 303 of Securities and Exchange Commission Regulation S–K cannot give rise to a private action for securities fraud under Section 10(b) and Rule 10b-5(b) of the Securities Exchange Act of 1934.

United States | April 18, 2024

Regulation and investigations
insurance

Publication

What M&A trends will transform the 2024 insurance landscape?

It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.

Global | April 18, 2024

Insurance

Publication

The robots are coming … is insurance ready for AI?

The insurance industry is founded on predicting, as accurately as possible, whether or not a risk will materialise in a fast-moving competitive environment.

Global | April 18, 2024

Insurance
Site search

Subscribe and stay up to date with the latest legal news, information and events . . .

Register now