The Ontario government announced the new Ontario Small Business Support Grant, which will provide a minimum of $10,000 and up to $20,000 to eligible small business owners. Small businesses required to close or restrict services under the province-wide shutdown can apply for this one-time grant. There is no restriction on what the support should be used for.
Eligible small businesses include those that:

– Are required to close or significantly restrict services subject to the province-wide shutdown effective 12:01 a.m. on December 26, 2020;
– Have less than 100 employees at the enterprise level; and
– Have experienced a minimum of 20 per cent revenue decline in April 2020 compared to April 2019.

Starting at $10,000 for all eligible businesses, the grant will provide businesses with dollar-for-dollar funding to a maximum of $20,000 to help cover decreased revenue expected as a result of the province-wide shutdown. The business 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
small businesses.
Essential businesses that can remain open are ineligible for this grant. More information about the Ontario Small Business Support Grant is available at https://news.ontario.ca/en/backgrounder/59788/post-4. Further details, including how to apply, will be announced in January 2021.
Impacted businesses are also eligible for the property tax and energy cost rebates. In November, the government launched a program to provide rebates to offset fixed costs such as property tax and energy bills for businesses that are required to shut down or significantly restrict services due to provincial public health measures. These rebates will continue to be available for businesses impacted by the province-wide shutdown and earlier restrictions. Business can apply for the rebates at https://www.app.grants.gov.on.ca/msrf/#/.