WHAT YOU NEED TO KNOW BEFORE YOU APPLY FOR THE ONTARIO SMALL BUSINESS SUPPORT GRANT:
Applicants must demonstrate they experienced a revenue decline of at least 20 per cent when comparing monthly revenue in April 2019 and April 2020. This time period was selected because it reflects the impact of the public health measures in spring 2020, and as such provides a representation of the possible impact of these latest measures on businesses. Note, the application portal will provide alternative revenue decline comparator months for small businesses not in operation in April 2019 or April 2020
To receive the grant, a business must:
- Be required to close or significantly restrict services due to the provincewide shutdown effective 12:01 a.m. on December 26, 2020 (please refer to “Eligible Businesses” section below)
- Experienced revenue decline of at least 20 per cent
- Had 99 employees or less at the enterprise level (An enterprise is a corporation, unincorporated business, partnership, charity, non-profit organization or any other type of entity operating a business in Ontario)
Eligible Businesses:
The following businesses are required to close or significantly restrict services due to the Provincewide Shutdown. Only businesses from the following list are eligible to apply for funding under this program:
• Before- and after- school programs
• Campgrounds
• Cannabis retail stores
• Cell phone and computer providers & repairs
• Community centres and multi-purpose facilities
• Conference centres and convention centres
• Day camps for children
• Domestic services
• Drive-in cinemas
• Driving instruction
• Facilities for indoor sports and recreational fitness activities (including fitness centres and gyms)
• Garden centres
• Hardware stores (including Big Box stores) required to close for in-person shopping
• In person teaching and instruction
• Media industries including film and television production (excluding radio/television broadcasting)
• Meeting or event space
• Museums, galleries, aquariums, zoos, science centres, landmarks, historic sites, botanical gardens and similar attraction
• Outdoor markets (excluding grocery)
• Outdoor sports and recreation facilities
• Performing arts and cinemas
• Personal care services relating to the hair or body (excluding oxygen bars)
• Personal services
• Pet/animal food and services
• Photography services
• Racing venues, casinos, bingo halls and gaming establishments
• Rental and leasing services (including automobile, commercial and light industrial machinery and equipment rental)
• Restaurants and bars
• Retail required to close for in-person shopping
• Safety, medical and assistive devices retail (excluding pharmacies)
• Shopping malls
• Ski hills
• Tour and guide services
• Vehicle and equipment repair services
• Veterinary services
Businesses must provide and attest to the following information:
- Legal Business name
- Canada Revenue Agency (CRA) Business Number (If you do not have a CRA Business Number, please apply for one here)
- Business type
- Revenue figures
- Number of employees
- Business’ bank account number - Name of financial institution - Address of financial institution - Financial institution number - Branch/Transit number - Account type
TO DOWNLOAD THE APPLICATION GUIDE WITH ALL THE DETAILS, CLICK HERE.