Rent (the portion not covered by another government program), Charges for public services such as electricity and gas. Quebec Retailer ‘Benisti Group’ Providing Funding to Struggling COVID-Struck Businesses [Interview] Sean Tarry - December 6, 2020 The Montreal-based company has helped many retailers with financial aid and operational support to help them stay afloat during these most difficult of times. We were here during the first wave of the pandemic with concrete measures, and we are still here to support them as the health situation evolves.”, Élisabeth Brière, Member of Parliament for Sherbrooke and Parliamentary Secretary to the Minister of Economic Development and Official Languages (Economic Development Agency of Canada for the Regions of Quebec), “Small and medium-sized businesses across Quebec have been hit hard by the impacts of COVID-19. Concerted temporary action program for business (PACTE) Financing for businesses whose cash resources are reduced during the pandemic. Find out the initiatives of the Government of Canada, the Government of Québec and the City of Montréal, to support the subsidiaries of foreign companies in Greater Montréal in the context of the COVID-19 crisis. Businesses must show that they are able to return to profitability in the medium term. For enquiries, contact us. As the second wave hits us head on, we have clearly heard the message from entrepreneurs and workers for more assistance. TORONTO – Ontario and Quebec have each reported more than 1,200 new COVID-19 infections in their latest updates. Other measures specific to some municipalities of the Communauté métropolitaine de Montréal are also listed. With its 12 regional business offices, CED is accompanying businesses, supporting organizations and all regions across Quebec into tomorrow’s economy. As the number of new coronavirus (COVID-19) cases continues to climb in B.C., the province currently has a higher per capita rate of active cases than Canada's two most populous provinces, Ontario and Quebec. Deferral of principal repayment for 12 months, and interest can be capitalized for up to 12 months, Amortization: up to 36 months (excluding the principal and interest deferral periods), Loan calculated based on the need for operating capital and covering a maximum of three months (in exceptional circumstances, up to 12 months). The 18-team league league has been forced to postpone games regularly in Quebec and Atlantic Canada since starting the season in early October because of COVID-19 restrictions in the four provinces where it operates. This assistance is available, on a case-by-case basis, to any business that has a loan with an existing Government of New Brunswick department. Saguenay, Quebec, December 9, 2020 – Canada Economic Development for Quebec Regions (CED). These cookies are necessary for managing and maintaining the security of our website and for complying with current regulations. This report by The Canadian … Jewish nursing home in Montreal will be Quebec’s 1st to receive COVID-19 vaccine ... First Israeli PropTech business delegation to the UAE. We are working with key collaborators such as Promotion Saguenay to support good local jobs and ensure our economy comes back in full force.”, The Honourable Mélanie Joly, Member of Parliament for Ahuntsic-Cartierville, Minister of Economic Development and Official Languages and Minister responsible for CED, “Thanks to CED’s financial support, Promotion Saguenay is able to enhance the technical services it offers to businesses. We use this information to help us improve the site, our products, and our performance. The COVID-19 pandemic has hit Quebec entrepreneurs hard. Navigate the crisis with CFIB CFIB is dedicated to supporting you and your business throughout the COVID-19 crisis and the reopening of the economy. This compilation of federal and provincial government support measures for business focusses on: 1 Access to capital and other liquidity support measures 2 This financial assistance is available to businesses operating in Québec, including cooperatives and other social economy enterprises with commercial activities. “The Government of Canada wants to help small businesses across Quebec equip themselves to be able to rebound vigorously after the economic crisis. emonstrate its importance to regional and Québec-wide tourist offerings, Tax Credit to Support Digital Transformation in Print Media Companies, Tax Credit to Support Print Media Companies, Financing for collective entrepreneurship, Managing the crisis and prepare for your return to business, A problem involving the supply of raw materials or products (goods or services), An inability, or a substantially decreased ability, to deliver goods, products or services, Arcades, amusement parks, tourist attractions and water parks, Bars and discotheques, subject to the exclusions mentioned above, Biodome-type museums, planetariums, insectariums, botanical gardens, aquariums and zoos, Libraries other than those operated by educational institutions, except for document loan desks, Movie theatres and performing arts theatres, including performance venues, Saunas and spas, except for personal care treatments provided on-site. The first doses of COVID-19 vaccine could be administered in Quebec as early as next week, Health Minister Christian Dube said Monday, as new … The funding granted covers the business’s needs as of October 1, 2020. CED is a key federal partner in Quebec’s regional economic development. More than 95% satisfaction The assistance program aims to help small and medium-sized businesses (SMBs) and individuals in business meet their tax obligations at key moments in the business life cycle. Our website uses cookies to give you a better browsing experience and for marketing purposes. Several teams in Quebec relocated to Quebec City for multiple games because of restrictions earlier in November. They must show that their financial structure offers realistic prospects for profitability. The Government of Canada salutes the resilience these businesses have shown since the crisis began. Quebec is reporting a new single-day high of COVID-19 infections as deaths continue to soar in Canada's two most populous provinces.Quebec … These businesses and organizations have benefitted from the expertise and mentoring of specialized resources to stabilize their situation and be in a better position for the economic recovery. MONTREAL — An ombudswoman’s report has found that during the first wave of COVID-19, Quebec’s long-term care system failed in its duty to … For any other specific questions regarding financing that you already have with Investissement Québec, please contact your account manager directly. There are 150 COVID-19 patients in intensive care, according to the […] Applications for financial assistance must cover only activities related to the attraction’s principal activity (for example, the aquatic activities portion of a water park’s operations). That is why Élisabeth Brière, Member of Parliament for Sherbrooke and Parliamentary Secretary to the Honourable Mélanie Joly, Minister of Economic Development and Official Languages (Economic Development Agency of Canada for the Regions of Quebec), is today announcing a non-repayable contribution of $205,000 for Promotion Saguenay. You can consult the information on COVID-19 or select one of the following options :. Financing can also take the form of a loan from Investissement Québec. These cookies tell us how people use our website. On Saturday Quebec reported its highest number of COVID-19 infections in a single day since the start of the pandemic at 1,448. Quebec has reported 138,163 COVID-19 cases and 6,984 deaths linked to the virus since the beginning of the pandemic. Businesses must show that their cash flow issues are temporary and that the liquidity shortage stems from: Applications will be reviewed on a case-by-case basis, according to the business’s circumstances and Investissement Québec’s management practices. Charley Pride, country music star, dies from complications of Covid-19. For a line of credit guarantee, the guarantee is only applicable in the following specific conditions: Increases to existing lines of credit. The Regional Economic Development Agency for Quebec launched the Regional Relief and Recovery Fund an initiative with an envelope of $211 million for Quebec to support local economies. A loan guarantee is the preferred form of financing. Corporations, tourism offices, municipalities and associations, Municipal, paramunicipal, regional, provincial and federal government bodies, Accommodation establishments with 300 or more rooms, Games of chance and gambling (video lottery operations), combat sports, racing and other similar activities, Any form of sexual exploitation, such as strip bars, escort agencies, brothels, erotic massage parlours and swingers’ clubs, Production and sale of tobacco and drugs along with services related to their use, except for projects involving pharmaceutical-grade products approved by Health Canada and having a DIN, or their ingredients, as well as R&D projects licensed by Health Canada, Any activity whose main purpose is protected by the Canadian Charter of Rights and Freedoms (religion, politics, human rights advocacy, etc.). Investissement Québec aims to work in close cooperation with financial institutions and federal authorities in order to share risks. Business rates relief. You can change your cookie settings at any time. To ensure sustainable economic development for communities, as the second wave hits, we must support businesses across Quebec. England only (see guidance for Northern Ireland, Scotland, and Wales) Check … Under this initiative, emergency funds to cover working capital needs as well as technical assistance are being offered to Quebec businesses and NPOs. We may use this information to personalize the ads you see on other websites. Any other activity that may offend public morals. As the COVID-19 outbreak unfolds, we know these are challenging times for you and your business. Symptom self-assessment tool | Self-Care Guides | Who should you contact if you display symptoms? Complementary operating activities, such as accommodations, food services and retail operations, do not qualify for funding. ... (in French only). This support will enable businesses to have immediate relief if they are experiencing difficulties as a result of COVID-19. From: Canada Economic Development for Quebec Regions. Sunday the province reported 1,211 new cases, bringing the total number of people infected in Quebec to 123,854. For information about deadlines you need to meet to fulfill your tax obligations, see COVID-19 Summary Table: Deadlines for Individuals and COVID-19 Summary Tables: Deadlines for Businesses. The deferral can be requested by contacting the department that issued the loan. On the ground, the many calls for help in the face of the critical situation being experienced by shopkeepers and businesses have been heard.