finance

Co-Lending Program for Small and Medium-Sized Enterprises Through the Business Credit Availability Program, Business Development Canada is working with financial establishments to co-lend term loans of up to $6.25 million to SMEs for their operational cash move requirements. Qualifying organizations which have been considerably restricted by a mandatory public well being order issued by a qualifying public health authority can obtain an additional 25{a5d2df44d14bab9a0f9691ecc206a9a310572fafc49bb3e9d0c00163f0e49011} of hire help by way of the Lockdown Support. Extension of lay-off intervals We have additional extended temporary layoff periods within the Canada Labour Standards Regulations to allow employers more time to recall laid-off workers. The temporary changes will help defend the roles of federally regulated private-sector employees and support employers going through financial hardship due to the pandemic. Canada Emergency Wage Subsidy We are covering up to sixty five{a5d2df44d14bab9a0f9691ecc206a9a310572fafc49bb3e9d0c00163f0e49011} of an employee’s wages for qualifying eligible employers, with this subsidy price in effect until December …