Ontario Doubles Size of Small Business Support Grant

Protecting our economy starts with protecting our small businesses and the people who pour everything into making them grow.

That’s why our government is doubling the Ontario Small Businesses Support Grant.

Announced in last week’s Budget, confirmed, eligible recipients of the Ontario Small Business Support Grant will automatically receive a second payment equal to the amount of their first payment, for minimum total support of $20,000 up to a maximum of $40,000 — no new application necessary.

Through this record investment—the largest ever small business investment anywhere in Canada—the Ontario Small Business Support Grant is projected to deliver an estimated $3.4 billion to approximately 120,000 small businesses across Ontario, protecting jobs through this difficult time. 

And to meet the unique and individual needs of our hardworking small businesses, we’re providing this support with maximum flexibility in mind.  Whether it’s funds to maintain inventory, an investment in new technology, or some extra help to cover wages to help employees make ends meet – we want small businesses across Ontario to put this support to work for them.

Confirmed eligible businesses can expect to receive their second payment later in the spring.

Eligible business owners who have not yet applied for the grant have until March 31, 2021, to submit an application. A detailed list of businesses eligible for the Ontario Small Business Support Grant is available on the application page. Business owners can also visit Ontario.ca/COVIDsupport for more information about this grant as well as Ontario’s other supports for businesses.

Should you have any questions please feel free to contact Natalia Tkacz, Director of Stakeholder Relations at natalia.tkacz@ontario.ca

Hope is truly on the horizon, and we’re giving our small businesses the support they need to stay safe, stay solvent, and stay competitive—through this pandemic and beyond.

Best,

Manav Sidhu | Special Assistant
Office of the Honourable Prabmeet Sarkaria | MPP Brampton South
Associate Ministry of Small Business & Red Tape Reduction 
56 Wellesley Street West, 7th Floor | Toronto Ontario, M5S 2S3 
7700 Hurontario St Unit 412A | Brampton Ontario, L6Y 4M3 
E: manav.sidhu@ontario.ca  

Author: bramptonrealestateboard

At the Brampton Real Estate Board (BREB) we believe in the ownership of Real Estate. Our objective is to contribute to the capability and growth of our members in their endeavors by marketing all forms of real property throughout the greater Brampton, Halton Hills and Caledon marketplaces and beyond. The Brampton Real Estate Board is dedicated to providing an environment in which it’s Member REALTORS®, employees, Board of Directors, and Committee volunteers are encouraged to grow, succeed and develop in order to provide the highest level of professional conduct and service.

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