Financial Supports

for Small and Medium

Willowdale Businesses

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As a former small business owner I know first hand how difficult it is to run a business, even in the best of times. Main Street businesses are the backbone of our economy and the heart of our community.

 

During this crisis all three levels of government have come together to help entrepreneurs and job creators weather the storm. This website is designed to help you access all the available supports from one place.

 

We'll get through this together. My office and I are here to help.

Stan Cho

MPP for Willowdale

 

GRANTS + REBATES

Ontario Small Business Support Grant

Eligible small and medium sized businesses can receive between $10,000 and $20,000.

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Property Tax & 

Energy Bill Rebates

Businesses can receive rebates on municipal property taxes, electricity and natural gas bills.

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PPE Cost Rebate

Small businesses can receive a one-time grant of up to $1,000 to purchase PPE.

Online Class

Digital Main Street

A series of programs to help businesses with e-commerce including grants and implementation support.

Accounting Documents

Canada Emergency Business Account

Provides businesses with up to $60,000 interest-free loans.

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Canada Emergency Rent Subsidy

Provides direct-to-tenant rent subsidies of between 60% and 90% for commercial tenants.

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Mental Health &

Wellness Supports

Access supports for individuals, employers and employees.

ONTARIO SMALL BUSINESS SUPPORT GRANT

How it helps

  • Receive a non-repayable grant to help with any expenses or loss of revenue.

  • Eligible businesses will receive a minimum of $10,000 up to a maximum of $20,000.

Eligibility

To receive the grant a small business must:

  1. Be required to close or restrict services subject to the new province-wide shutdown.

  2. Have fewer than 100 employees at an enterprise level.

  3. Have experienced a minimum of 20% revenue decline comparing April 2020 to April 2019. New businesses started after April 2019 are eligible provided they meet the first two criteria.

  4. Businesses must have a CRA businesses number.

Other Information

Businesses can expect to receive funds within 10 days of a successfully submitted application.

PROPERTY TAX & ENERGY BILL REBATES

How it helps

  • Businesses receive rebates for

    • municipal and education property taxes​

    • energy costs, including electricity and natural gas

  • Rebates will cover the entire length of time that regional public health measures are in place.

Eligibility

To receive the rebates a small business must:

  • be required or have been required to close or significantly restrict services as a result of being under control or lockdown restrictions in the COVID-19 response framework.

  • have been required to close or significantly restrict services as a result of being under “modified Stage 2” restrictions in the previous framework.

Other Information

Businesses can expect to receive funds within a few weeks of a successfully submitted application.

 
 

FUNDING FOR PERSONAL PROTECTIVE EQUIPMENT (PPE)

How it helps

  • Small businesses can receive a one-time grant of up to $1,000 to purchase PPE.

Eligibility

To receive the grant a small business must:

  1. Have 2-9 employees

  2. Be in one of the following sectors:​​

  • Retail

  • Accommodation and Food Services

  • Repair and Maintenance

  • Personal and Laundry Services

  • Gyms and Yoga Studios

Other Information

Businesses will need to submit receipts or proof of costs for PPE purchased after March 17, 2020.

Businesses can expect to receive funds within a few weeks of a successfully submitted application.

DIGITAL MAIN STREET

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"SHOP HERE" PROGRAM

Provides independent small businesses and artists with a quick, easy and no-cost way to get selling online right away.

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DMS ONTARIO GRANTS

Providing main street businesses with $2,500 Digital Transformation Grants.

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FUTURE PROOF PROGRAM

Helps businesses identify new markets, pivot their business model, and develop and implement a deep digital transformation plan.

 
 

MORE PROVINCIAL SUPPORTS

The Government of Ontario has launched a number of new initiatives to help small and medium sized businesses and to support Ontario's economic recovery. Here are a few new programs that will save your business money. There's no need to apply, these supports are automatic.

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Cutting the Employer Health Tax (EHT)

Businesses with $1 million or less in total annual payroll now pay $0 in EHT starting in the 2021 tax year.

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Reducing Property Tax (BET)

Ontario is reducing the provincial portion of property taxes (Business Education Tax) by up to 30% for 200,000 businesses starting January 1, 2021.

Image by Michael Browning

Lowering Commercial Hydro

The Provincial Government is subsidizing commercial and industrial hydro rates, reducing costs to businesses by 14 to 16%.

CANADA EMERGENCY BUSINESS ACCOUNT

How it helps

  • Eligible businesses can receive an interest-free loan of up to $60,000.

  • 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

To receive the grant a small business must:

  1. be registered with the CRA with an effective date of registration on or prior to March 1, 2020.

  2. have an active business chequing/operating account.

  3. intend to continue to operate or resume operations.

  4. Apply for the CEBA through their primary financial institution.

 

CANADA EMERGENCY RENT SUBSIDY

How it helps

  • Receive easy-to-access rent and mortgage subsidy of up to 65% directly to tenants.

  • Businesses that have been significantly restricted by public health measures can receive an additional 25% subsidy for a total 90% subsidy.

Eligibility

To receive the grant a small business must:

  1. have had a CRA business number on September 27, 2020 OR; a payroll account on March 15, 2020, or another person or partnership made payroll remittances on their behalf.

  2. be a business, charity of non-profit.

  3. have experienced a drop in revenue.

  4. have eligible expenses.

 

MENTAL HEALTH & WELLNES

This is a tough time for everyone, employees and employers alike. We all need to take care of each other and ourselves. Click below to access supports and find help.

WE'RE HERE TO HELP

Have a question? Need help applying?

MPP Stan Cho and our team are ready to help however we can.