COVID-19 Resources

NMM has curated the following list of relevant COVID-19 Resources for our IDM community. We hope you find them helpful.

Please feel free to contact us if you have any questions.

Canadian Emergency Rent Subsidy (CERS)

Canadian businessesnon-profit organizations, or charities who have seen a drop in revenue due to the COVID-19 pandemic may be eligible for a subsidy to cover part of their commercial rent or property expenses, starting on September 27, 2020, until June 2021.

Eligibility Requirements

  • Meet at least one of these conditions:
    • You had a CRA business number on September 27, 2020; OR
    • You had a payroll account on March 15, 2020, or another person or partnership made payroll remittances on your behalf; OR
    • You purchased the business assets of another person or partnership who meets the condition above, and have made an election under the special asset acquisition rules
  • Are an eligible business, charity, or non-profit (eligible entity)
  • Experienced a drop in revenue
  • Have eligible expenses

Canada Emergency Wage Subsidy (CEWS)

As a Canadian employer who has seen a drop in revenue due to the COVID-19 pandemic, 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.

Eligibility Requirements:

  • Have had a CRA payroll account on March 15, 2020
  • Have experienced a drop in revenue
  • Be one of the following types of employers
    • individuals
    • corporations (or trusts) that are not exempt from income tax (Part I of the Income Tax Act)
    • the following persons that are exempt from income tax (Part I of the Income Tax Act):
    • non-profit organizations
    • agricultural organizations
    • boards of trade
    • chambers of commerce
    • non-profit corporations for scientific research and experimental development
    • labour organizations or societies
    • benevolent or fraternal benefit societies or orders
    • registered charities
    • partnerships consisting of eligible employers
    • the following prescribed organizations:
    • certain Indigenous government-owned corporations that carry on a business
    • partnerships consisting of eligible employers and certain Indigenous governments
    • registered Canadian amateur athletic associations
    • registered journalism organizations
    • private schools or private colleges, and
    • partnerships consisting of eligible employers (including partnerships where at least 50% of the interests in the partnership are held by eligible employers)
Canada Emergency Business Account (CEBA)

This $55 billion program provides interest-free loans of up to $60,000 to small businesses and not-for-profits. Repaying the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 33 percent (up to $20,000).

Eligibility Requirements:

  • Has an active CRA Business Number (BN) with an effective date of registration on or prior to March 1, 2020.
  • Has an active business chequing/operating account with the Lender at the time of applying for CEBA. Note: If Borrower currently does not have a business chequing/operating account the Borrower must create one at their primary financial institution before applying for CEBA.
  • Has not previously used the Canada Emergency Business Account Program (the “Program”) and will not apply for support under the Program at any other financial institution.
  • Intends to continue to operate its business or to resume operations.

Highly Affected Sectors Credit Availability Program (HASCAP)

Businesses heavily impacted by COVID-19 can access guaranteed, low-interest loans of $25,000 to $1 million to cover operational cash flow needs.

Eligibility Requirements:

These loans are for small and medium-sized businesses that have seen their revenues decrease by 50% or more as a result of COVID-19.

Non-Financial Resources

Government Resources

Chamber of Commerce Resources

Other Business Resources