Insight
Insight
NS Support for Businesses
Small Business Impact Grant Part 3 (closed)
Eligibility
- Eligible businesses include:
- Dine-in restaurants
- Bar or licensed drinking establishments
- Fitness, recreational and leisure facilities
- Independent retailers with a physical location
- Personal services businesses like hair and nail salons, barbershops and spas
- Organizations offering live performing arts
- Businesses must have experienced decrease in revenue of 30% or more compared with prior period
Benefit
- Funding includes 2 parts: a one-time revenue-based grant and an additional one-time grant of $5,000
Action Needed
- Online application
Small Business Real Property Tax Rebate (closed)
Eligibility
- Eligible businesses must have received benefits under the NS SBIG (Part 1 or 2) or the Small Business Reopening and Support Program
Benefit
- Businesses can claim a rebate equal to either:
- $1,000 or 50% of the commercial real property taxes paid for the final 6 months of the 2020-21 tax year
- For more information, contact [email protected]
Tourism Accommodations Real Property Tax Rebate Program Part 2 (closed)
Eligibility
- An operator must own (or lease) and operate a qualified roofed accommodation that requires the operator to pay all or a portion of the property taxes
- The accommodation must have 5 or more rooms available for rent to the public and be assessed as a commercial property
Benefit
- Eligible operators may receive a one-time 50% rebate of the first six months of commercial property taxes paid for 2021-22
Action Needed
- Online application
Small Business Impact Grant (SBIG) (closed)
Eligibility
- Small businesses, non-profits, or charities ordered to cease or substantially curtail operations by Order of the Chief Medical Officer of Health. Businesses must also:
- have an anticipated revenue loss for April 2020 of 30% or more
- have been established on or before March 15, 2020
Benefit
- Benefit is a one-time upfront grant of 15% of sales revenue from either April 2019 or February 2020, up to a maximum of $5,000
- Can be used for any purpose
Action Needed
- Online applications open now
- Deadline to apply is April 25, 2020
- More details available:
Small Business Impact Grant Part 2 – Restaurant, Bar, and Fitness and Leisure Business Stream (closed)
Eligibility
- Businesses must be operating in the area of Halifax County or Hants County and be:
- Full service, dine in restaurants
- Bar or licensed drinking establishments
- Fitness and leisure establishments
- Must be registered as a sole proprietorship, partnership, corporation, society, social enterprise, not-for-profit, charity in business, or other similar organization
- Pay the small business corporate tax rate on income taxes, if incorporated
- Have annual taxable capital of $15,000,000 or less
- Be experiencing a 30% or more decrease in revenues in November or December 2020
Benefit
- Eligible businesses can receive a one-time grant equal to 15% of the business’ revenue from sales for the month of April 2019 or February 2020
- Businesses that started after March 15, 2020 are eligible; grant will be 15% of sales revenue for a benchmark calendar month of their choosing, between April and October 2020
Action Needed
- The following information must be provided on application:
- Unaudited income statement for April 2019 or February 2020
- Business number (unless sole proprietor)
- Recent tax document (T1, T2, etc.)
- Banking information and image of void cheque
Government Loan Payment Deferral (closed)
Eligibility
- All government loans, including those under the:
- Farm Loan Board
- Fisheries and Aquaculture Loan Board
- Jobs Fund
- Nova Scotia Business Fund
- Municipal Finance Corporation
- Housing Nova Scotia
Benefit
- Government will defer payments until June 30, 2020
Action Needed
- No action required
COVID-19 Agriculture Response Program (closed)
Eligibility
- These businesses and organizations can apply to the program:
- Farms
- Agri-business
- Agricultural industry associations
Benefit
- Four streams for funding; finding does not need to be repaid
- Stream 1: COVID-19 adaptation
- Stream 2: COVID-19 strategic projects
Action Needed
- Application period closed March 1, 2022
COVID-19 Emergency On-Farm Support Fund Program (closed)
Eligibility
- Farms can apply to the program if they:
- Are currently registered under the Farm Registration Act
- Have an owner who is at least 19 years old
- Report gross commodity income of at least $30,000
- Have at least 5 employees
- Adhere to the Federal Quarantine Act
- Eligible project costs include:
- Adjustments to farm operations to ensure worker safety during the COVID-19 pandemic
- Personal protective equipment
- Costs related to training workers on COVID-19 protocols
Benefit
- Applicants are eligible for assistance of 75% on eligible project costs to a maximum of $50,000
- Disposable personal protective equipment is capped at 10% of eligible project cost, to a maximum of $7,000
Action Needed
- Claim deadline is February 1, 2021
Small Business Credit Support (closed – program has ended)
Eligibility
- Small businesses that do not qualify for the federal CEBA program
- Decline of at least 30% in revenue
Benefit
- Guaranteed loan through the Credit Union
- Cash grant of up to $1,500
- Free professional advice to help adapt and recover from the effects of COVID-19
Action Needed
- Application period is closed
NS Support for Individuals
NS Student Assistance COVID-19 Support Grant (closed)
Eligibility
- All students receiving NS Student Assistance in 2020-21
Benefit
- One-time $750 grant will help students cover lost earnings and other unexpected costs related to their studies
Action Needed
- No application necessary
- Most students will receive their grant in January 2021
- Students beginning studies in spring or summer of 2021 will receive grant then
Worker Emergency Bridge Fund (closed – program has ended)
Eligibility
- Nova Scotian residents who:
- are 18 years of age or older;
- are laid off or out of work because of COVID-19, on or after March 16, 2020;
- who don’t qualify for Employment Insurance; and earn between $5,000 and $34,000
- Have applied for (or plan to apply) for the Canada Emergency Response Benefit (CERB)
Benefit
- Benefit is a one-time payment of $1,000; it can be combined with the CERB
Action Needed
- Apply by calling 1-800-863-6582 to speak with a Canadian Red Cross agent
- Documentation will need to be provided with application (Record of Employment for employees; SIN, CRA business number and 2018 personal income tax return if self-employed)