Seeking Economic Relief - Top 5 Tips

Finding ourselves in the throes of an unprecedented global economic crisis, organizations across all sectors are keen to explore economic relief programs offered by the federal and provincial governments. However, it can be difficult to identify which programs apply and how to access them, depending on an organization's sector, jurisdiction, size, and other important criteria. Here are some tips as you explore what is available to your organization.

1. Eligibility Criteria

Program eligibility can be tricky. It is essential to pay special attention to each program's eligibility criteria to avoid being misled by inconsistencies. For example, the term "small and medium-sized businesses" varies by government and by program. You may also be surprised that some programs are available to your business where you assumed you weren't eligible.