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A detailed table outlining the various programs available in Quebec are listed below. If you would like to discuss your eligibility for any of these program...
A detailed table outlining the various programs available in
Quebec 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.
Concerted Temporary Action Program
for Businesses (PACTE)
Continued Employment (PACME)
Emergency aid for small and medium
sized businesses
Quebec Consortium for Drug Discovery
(CQDM)
City of Montreal supports NPOs
Conseil des arts et des lettres du
Québec (CALQ) Emergency Aid for Artists and
Organizations
Financial Aid for Festivals and
Tourist Event Businesses
Ministère de
l'Économie et de l'Innovation Local Investment Fund
(LIF)
SADC de Papineau-Collines Exceptional
Support Measures for Small Businesses
Société de
développement des entreprises culturelles (SODEC) –
Line of Credit
Société de
développement des entreprises culturelles (SODEC) –
Term Loan
Société de
développement des entreprises culturelles (SODEC) –
Loan Guarantee
Revenu Québec
Hydro-Québec
Financière agricole du
Québec
CNESST
Caisse de dépôt et
placement du Québec (CDPQ)
New Placement Service for Employers
and Employees in Priority Sectors
City of Montreal Relief
Quebec City Relief
City of Montreal: Free Support for
Merchants to Bring their Businesses Online
Quebec Credit for Contributions to
the Health Services Fund
Montreal Subsidies for Merchants
Fund
Subsidies to support social economy
initiatives
Concerted Temporary Action Program for Businesses (PACTE)
Description
Eligibility
Application details
Eligible businesses operating in
Quebec can receive a minimum of $50,000 in emergency financing in
the form of a loan or a loan guarantee
Clients of Investissement
Québec should contact their account or project manager
Those who are not clients will need
to get in touch with their financial institution, which will then
contact Investissement Québec
Eligible businesses include
cooperatives, non-profit organizations, and social economy
businesses engaged in commercial activities that have experienced
cash flow shortages related to COVID-19 due to: (1) a supply
problem for raw materials or products or (2) the inability to
deliver or a reduction in delivery capacity for products and
services
Eligible companies that want more
information or to avail themselves of this funding can call
1-844-474-6367 or the phone number for their regional office
Continued Employment (PACME)
Description
Eligibility
Application details
Support for businesses and
self-employed workers whose activities are reduced during the
pandemic (in French only)
N/A
N/A
Emergency aid for small and medium sized businesses
Description
Eligibility
Application details
Eligible businesses operating in
Quebec can receive up to $50,000 in emergency financing
Non-exhaustive eligibility criteria:
be operating in Quebec for at least one year; be temporarily
closed, likely to close or show the warning signs of closing; be
maintaining, consolidating or resuming activities
The lack of cash flow must be caused
by: an inability or substantial reduction in the ability to deliver
products or merchandise, or a procurement problem for raw materials
or products.
The program expires on March 31,
2022
Quebec Consortium for Drug Discovery (CQDM)
Description
Eligibility
Application details
CQDM has launched a call for
solutions to all members of its network, including academic
researchers and private enterprises. If you have solutions to the
current crisis in the following areas, please CQDM as soon as
possible:
Treatment, prevention or diagnostic
tools
Enabling technologies that accelerate
the development of vaccines, drugs or diagnostic tests
Methods to accelerate or improve
clinical trials
Methods for monitoring and
controlling the evolution of the virus
Improving production and supply
methods
Any other technology or approach that
provides solutions to the most pressing issues associated with
COVID-19
All submitted proposals will be
forwarded to the Quebec Ministry of the Economy and Innovation
(MEI) and to Innovation, Science and Economic Development Canada
(ISED).
All submissions will be treated on a
case-by-case basis given the current state of emergency
To submit your solution to the
Government of Québec, please complete the form available
athttps://cqdm.org/en/covid-19/and
send it to Nadia Dubé
City of Montreal supports NPOs
Description
Eligibility
Application details
Montreal is launching a call for
proposals totalling $1M, aiming to fund projects initiated by non
profit organizations (NPO's) who wish to lend technical support
to Montreal's small businesses impacted by the COVID-19
pandemic
It aims to support projects that will
meet the immediate needs of small businesses that are facing
hardship due to the COVID-19 situation
Non-profit organizations based in
Montreal are eligible for this program
Conseil des arts et des lettres du Québec (CALQ)
Emergency Aid for Artists and Organizations
Description
Eligibility
Application details
The CALQ has made available special
support drawn from existing program budgets to address situations
in the short term, such as cash flow problems to deliver essential
services for the next month and difficulties faced by artists
abroad who are incurring additional expenses to return to
Quebec
Financial Aid for Festivals and Tourist Event Businesses
Description
Eligibility
Application details
Tourisme Québec announced
relief for businesses that have had major festivals and tourists
events, which normally attract a significant amount of tourists to
Quebec, cancelled due to COVID-19
To be eligible, your festival or
tourist events business must have attracted a significant number of
tourists to Quebec in other years, must have a proven economic
impact, and must have eligible costs of $6 million or more
Ministère de l'Économie et de
l'Innovation Local Investment Fund (LIF)
Description
Eligibility
Application details
If you are starting or expanding a
business, you could be eligible for financing in the form of
various types of loans or loan guarantees
Loans can cover eligible expenses
such as: capital expenditures, technology acquisition, and working
capital for operations
You could get an interest-free loan
to help you acquire at least 25% of an existing rural business that
you plan to take over
For more information about
eligibility requirements, speak with your financial
institution
To apply, submit an application
through your financial institution
SADC de Papineau-Collines Exceptional Support Measures for
Small Businesses
Description
Eligibility
Application details
SMEs in the RCM of Papineau, the RCM
of Collines-de-l'Outaouais and Basse-Lièvre affected by
the COVID-19 pandemic can benefit from measures introduced by the
Société d'aide au développement des
collectivités (SADC) de Papineau-Collines
Support measures for businesses could
include:
a support loan of up to $25,000 with
the possibility of a 6-month moratorium on capital and interest,
repayable over a maximum of 48 months, or
flexible loans of up to $300,000
adapted to the needs of businesses
Société de développement des entreprises
culturelles (SODEC): Line of Credit
Description
Eligibility
Application details
A 12-month line of credit for Quebec
businesses that ae affected by COVID-19 and operating in a
SODEC-supported sector
This program aims to provide support
to businesses affected by the COVID-19 virus. SODEC is offering
companies a 12-month revolving line of credit of $10,000 to
$2,000,000 to finance working capital
Companies must show that their
financial troubles are temporary and that their lack of liquidity
is caused by not being able to produce, market or distribute a
Quebec cultural product due to the repercussions of COVID-19
The application deadline for this
program is May 25 2020
Société de développement des entreprises
culturelles (SODEC): Term Loan
Description
Eligibility
Application details
This program aims to provide support
to arts and culture businesses affected by the COVID-19
The term loan offered by SODEC can be
a minimum of $10,000 and maximum of $2,000,000
Funds are to be used to finance
working capital
Companies must show that their
financial troubles are temporary and that their lack of liquidity
is caused by not being able to produce, market or distribute a
Quebec cultural product due to the repercussions of COVID-19
The application deadline for this
program is May 25 2020
Société de développement des entreprises
culturelles (SODEC) – Loan Guarantee
Description
Eligibility
Application details
SODEC is offering a loan guarantee
that covers 70% of the net loss relating to a loan or line of
credit made by a lender for the benefit of a business
Companies must show that their
financial troubles are temporary and that their lack of liquidity
is caused by not being able to produce, market or distribute a
Quebec cultural product due to the repercussions of COVID-19
The application deadline for this
program is May 25 2020
Revenu Québec
Description
Eligibility
Application details
Individuals and businesses have until
August 31, 2020 to pay their income tax due for the 2019 taxation
year
Businesses have until June 30 to make
GST/QST remittances and customs duty payments
All individuals and businesses filing
taxes in Quebec are eligible
N/A
Hydro-Québec
Description
Eligibility
Application details
On March 22, 2020, Hydro-Québec
announced that it will stop applying administration charges to
unpaid bills for all customers until further notice and will not
cut o power to anyone for non-payment
All Hydro-Québec customers are
eligible
N/A
Financière agricole du Québec
Description
Eligibility
Application details
Offering a six-month moratorium on
loan repayments to all La Financière agricole clients who
request it
The enrolment date for the Crop
Insurance Program is extended from April 30 to May 21, 2020, and
notices of assessment are extended from June 1 to July 1, 2020
Interim AgriStability payments are
available
For the Farm Income Stabilization
Insurance Program, notice of assessments will not be sent before
July 1
All clients of La Financière
agricole are eligible
N/A
CNESST
Description
Eligibility
Application details
Employers have until August 31 to pay
CNESST premiums
During this period the CNESST will
not apply interests or fees
Employers have until June 1, 2020 to
file the 2019 Wages Return (Déclaration des salaires
2019)
All Quebec employers are
eligible
N/A
Caisse de dépôt et placement du Québec
(CDPQ)
Description
Eligibility
Application details
Making available approximately $4
billion to support Quebec businesses whose operations are
temporarily disrupted by COVID-19
These funds are intended to meet the
particular cash needs of companies that fulfil specific criteria.
Under these criteria, a company must: be seeking financing of over
$5 million, have been profitable before the COVID-19 outbreak, and
have a promising growth outlook in its industry sector
New Placement Service for Employers and Employees in Priority
Sectors
Description
Eligibility
Application details
Businesses offering priority services
and activities can publish information regarding their urgent
labour needs which, following review, will be posted in a new
section of the website Québec.ca
The free platform will provide such
businesses with a fast and easy way to post positions they need
filled
It will replace the current placement
system available on the website of Emploi-Québec, which was
already being overhauled, in particular because it cannot meet the
high demand
Quebec-based usinesses offering
priority services and activities are eligible
A more comprehensive, platform will
be unveiled in the next few weeks
N/A
City of Montreal Relief
Description
Eligibility
Application details
Owners and businesses will have an
additional month to pay their tax bills that are due on June 1,
2020. The new deadline is July 2, 2020
Private and social economy businesses
that have loans received through the PME MTL fund, Fonds Locaux de
Solidarité and Fonds de commercialisation des innovations
will have a six-month moratorium on capital and interest
Urban delivery: The project provides
merchants located on the territory of an SDC (Sociétés
de développement commercial de Montréal) or near one,
with a local delivery infrastructure, to meet the demand of their
clientele
Digital transition: The city is
taking measures to help Montréal merchants who want to go
digital or improve their online business practices. Applications
are due April 17, 2020 through the montreal.ca website
Support for Small Businesses:
Montreal has announced the launch and enhancement of the government
of Quebec's emergency assistance program for small businesses
in the city
In total, the Montreal agglomeration
will receive a $40 million loan from the government, through which
it can give eligible Montreal companies a maximum loan of
$50,000
The city will assume interest charges
incurred during the loan's 6-month moratorium
Financial Support for Taxi Industry
Montreal, in collaboration with the
Bureau du taxi de Montréal (BTWM), is granting $260,000 in
special financial support for the taxi industry
As of April 16, the BTM will be
contacting various taxi industry stakeholders to determine the
amount of the subsidy they will receive
The amount is established
proportionally to the number of operational vehicles held, as well
as according to their respective needs and services
Considerations will be given for the
need to install protective partitions in taxis, the need to
purchase sanitation cleaning products and prevention equipment, and
the need to steam clean vehicles
To learn more about eligibility
criteria for the various Montreal-based programs, clickhere
N/A
Quebec City Relief
Description
Eligibility
Application details
Postponements of municipal tax payments (for individuals and
businesses) as follows:
Payments due May 4 are deferred until
August 4
Payments due July 3 are deferred
until September 3
Payments due September 3 are deferred
until November 3
All businesses filing taxes in Quebec
are eligible
N/A
City of Montreal: Free Support for Merchants to Bring their
Businesses Online
Description
Eligibility
Application details
The City of Montreal offers small
businesses and merchants free personalized support from
experts
These professionals can guide local
merchants in developing a crisis action plan, choosing suppliers,
implementing an e-commerce platform and more
Businesses interested in the service
can applyhere
Quebec Credit for Contributions to the Health Services
Fund
Description
Eligibility
Application details
Quebec announced that it will grant
employers a credit on contributions to the Health Services Fund for
employees on forced leaved. This additional assistance, which
offsets costs not covered by the federal government measure, will
be in force for the entire duration of the 12-week wage
subsidy
The credit will have an estimated
impact of $113 million for the Quebec government for the 2020-2021
fiscal year. For additional information about the credit, click
here to read the bulletin released by Quebec's Minister of
Finance
Montreal announced a $5 million
subsidy fund dedicated to Montreal merchants.
It is managed by the PME MTL
network.
Financial contributions of up to
$10,000 are available, but may not exceed 75% of the cost of the
project
Demonstrate that, as a result of the
COVID-19 pandemic, access to the place of business where the
business project is being carried out is closed or has been
temporarily closed to clientele.
Provide a down payment of at least
10% of the total cost of the project.
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