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COVID-19 FAQ: Financial Support

Helping you get the support you need

The pandemic has wreaked havoc on small businesses, leaving many of you to look for financial support. Here, you’ll find more information about government aid programs, so you can get the help you need.

Most recent update:

January 12, 2022, government announces the extension of the CEBA repayment deadline and interest-free period to December 31st, 2023. This new deadline also applies to the CEBA-equivalent loans offered through the RDAs (i.e., RRRF).

On December 22, 2021, government temporarily expanded the lockdown supports from December 19, 2021, to February 12, 2022, in the following ways:

  • employers subject to capacity-limiting restrictions of 50 per cent or more will be eligible for CEWS and CERS;
  • the CEWS and CERS current-month revenue decline threshold requirement is reduced to 25 per cent compared to 2019 revenue numbers
  • workers experiencing capacity-limiting restrictions of 50 per cent or more will be eligible for the Canada Worker Lockdown Benefit

On December 17, 2021, Bill C-2 received Royal Assent, legislating the following changes to COVID support programs:

  • CEWS and CERS are now only accessible to businesses eligible through either the Tourism and Hospitality Recovery Program stream, the Hardest-hit Business Recovery Program stream, or the Local Lockdown Program stream.
  • Extension of the CRHP until May 7, 2022, and an increase in subsidy rate to 50%.
  • The CRB becomes the Canada Worker Lockdown benefit, open only to workers directly impacted by a COVID-19-related public health lockdown.
  • Extension of the CRSB and CRCB to May 7, 2022, with a 2-week benefit duration increase for each program.

See our chart to learn what you need to know about the changes to the COVID support programs.

As more details are available, we’ll update our website with the most accurate, recent information. 


Frequently Asked Questions

More Resources

What is CFIB advocating for?

What we have achieved

Thanks to our members’ feedback, we have successfully pushed for the government’s aid to be expanded and extended, especially CEWS, CERS and CEBA. Find out more about our many victories for small business.

What we’re pushing for

The federal financial supports have improved, but there are still many gaps in the relief they provide. Here’s what we’re still pushing government to do to provide more and better support.

How you can help

We’ve pushed the government to make some progress, but we're still fighting for better relief measures. Add your voice today.


Visit our COVID-19 Help Centre

Our primary concern at CFIB is making sure you have the support you need to get through this uncertain and challenging time. We provide you with expert advice and ensure that you have all of the latest information on government announcements and available support.