Nonprofits Eligible for the New Enhanced COVID-19 Business Benefit

The Enhanced COVID-19 Business Benefit, a $120 million initiative, aims to provide payments of up to $10,000 to eligible small and medium businesses, including nonprofit organizations, most affected by the pandemic and ongoing public health restrictions.

The benefit will provide organizations and businesses that have experienced a revenue reduction of at least 60%. Payments will be calculated based on 15% of the eligible business’s monthly revenue, up to a maximum of $10,000. Organizations must also have fewer than 500 employees and report the levels of provincial and federal support received, to ensure no more than 80% of revenue was covered by these supports.

More information on benefit parameters will be provided closer to the launch date in April.

Organizations can continue to apply for the Small and Medium Enterprise Relaunch Grant until March 31, 2021.