For projects starting in Q2 2022, the City will launch an enhanced Home Energy Loan Program that will include an interest rate as low as zero percent.
Through the Home Energy Loan Program (HELP), Toronto homeowners can get a low-interest loan of up to $125,000 to cover the cost of home energy improvements, such as:
High-efficiency furnaces / boilers / air conditioners Air-source heat pumps Window / door replacements Basement/attic/exterior wall insulation Air sealing (e.g. weather stripping or caulking) Geothermal systems High-efficiency water heaters
Tankless water heaters Drain-water heat recovery systems Toilet replacements Solar hot water systems Rooftop solar PV panels Electric vehicle charging stations (Level 2) Battery storage
Anticipated launch date for applications is Q2 2022.
Note: Good time now to confirm eligibility (especially lender consent), do energy audits, line up contractors, look at other incentive programs to stack, etc.
Retail Accelerator Program
The application window for the City of Toronto Retail Accelerator Program is open. This program provides access to retail training, advisory services and mentoring opportunities. In addition, it offers a micro grant valued at $10,000 to help retail businesses develop and expand.
The Retail Accelerator Program is available to owners of retail businesses within the City of Toronto.
The following types of independent business ventures are eligible to participate:
Sole proprietorship or corporation where the applicant is the majority shareholder; or
Partnership where the applicant holds the majority share; if shared 50/50 only one partner may apply
The following types of businesses are not eligible to apply for or participate in the Retail Accelerator Program:
Franchises, commissioned sales and distributorships Online e-commerce retail operations (must have a physical location) Mobile retail operations of any kind Not-for-profits, social enterprises, co-operatives or charitable enterprises Multi-level marketing ventures Single events, musical bands, DJs or party event organizations
The City will be accepting the first round of applications until March 31, 2022, or until the funds last.
The Commercial Space Rehabilitation Grant Program offers matching funding of 50 per cent to commercial business operators and owners of storefronts that are vacant (or, in certain limited circumstances, at risk of becoming vacant) to undertake interior improvements, assisting businesses to re-lease space impacted by COVID-19.
The first round of applications will be accepted until February 28, 2022, or when funds are expended, whichever comes first.
The Commercial Space Rehabilitation Grant Program is available to owners and tenants of vacant properties or the risk of being vacant properties at street level, or properties at risk of becoming vacant (that have received funding from the Canada Emergency Rent Subsidy program) within the city of Toronto, that are used for commercial purposes at street level, and that are locally owned and operated. A minimum of three eligible improvements must be made.
Tenants who apply for the program must have written permission from the property owner to make any improvements to the property and receive grants.
The following projects would be considered eligible for a Commercial Space Rehabilitation Grant: Structural upgrades, interior light fixtures, HVAC (heating, ventilation and air conditioning), plumbing, electrical, interior painting, flooring/ceiling/walls, permanently-affixed counters, merchandise displays and accessibility improvements, among others.
Architectural, engineering, certified Accessibility for Ontarians with Disabilities Act (“AODA”) specialist and Building Code Identification Number (BCIN) registered designer fees may be covered to a maximum of $2,000 per application as part of the base grant.
Multi-unit properties are eligible for additional grant funding of up to $4,000 per unit for each additional unit for which improvements are proposed, to a maximum of $20,000.
Additional grant funding of up to $4,000 is available for interior accessibility improvements which meet Accessibility for Ontarians with Disabilities Act (“AODA”) design standards.
A minimum of three eligible improvements must be made to each unit.
Maintenance to fix broken windows, interior lighting or security systems, clean clogged plumbing, or replace ceiling panels.
Only one application for a business chain or for any franchise organization is permitted.
Applications for work totaling less than $5,000 are ineligible.
The program is not to cover maintenance costs of existing interior property elements.
Places of worship, institutional buildings, not-for-profit commercial buildings and residential buildings are ineligible for the program.
Moveable furniture, window coverings, equipment, appliances, computers, IT expenses or elements such as tiling outside of the front door, are ineligible.
To contact the government with questions about the supports, call 1-866-668-8297 (1-866-ONTTAXS).
Call centres are open Monday to Friday: 8:30 a.m. to 5:00 p.m.
Toll-free TTY: 1-800-268-7095
Ontario COVID-19 Small Business Relief Grant
Small businesses that are subject to closure under the modified Step Two of Roadmap toReopen may be eligible to receive a one-time grant of $10,000. If an organization previously qualified for the Ontario Small Business Support Grant, they will be pre-screened to verify eligibility and do not need to apply for this modified program.
Businesses that were required to close due to the public health orders implemented
on January 5, 2022; and
Have fewer than 100 employees.
The following small businesses may be eligible:
Restaurants and bars
Facilities for indoor sports and recreational fitness activities (including fitness centres
Performing arts venues and cinemas, museums, galleries, aquariums, zoos, science
centres, landmarks, historic sites, botanical gardens, and similar attractions
Organizations impacted by lockdown measures and closures can receive a portion of their property tax and energy costs in form of rebate payments during the period of being subjected to lockdown measures.
Organizations with capacity reduced to 50% will obtain 50% in rebates for their costs.
Organizations closed will obtain 100% in rebates for their costs.
A comprehensive list of eligible business types will be available in mid-January.
Applications open January 18, 2022, with retroactive payments dating back to December 19, 2021.
As of January 18, 2022, electricity prices will be set to the current off-peak rate of 8.2 cents per kilowatt-hour for 24 hours a day.
This is less than half the cost of the current on-peak rate.
The updated rate will be in effect for 21 days
This will be applied automatically to residential, small businesses, and farms who are paying regulated rates set by the Ontario Energy Board and get a bill from a utility.
Applies to both Time-of-Use and Tiered rate plans.
Improving cash flows for Ontario businesses
Organizations will have a six-month interest and penalty-free period for most provincially administered taxes.
January 1, 2022, until July 1, 2022.
The option to delay tax payments applies to the following taxes:
Employer Health Tax
Beer, Wine & Spirits Taxes
Insurance Premium Tax
International Fuel Tax Agreement
Retail Sales Tax on Insurance Contracts & Benefit Plans
Race Tracks Tax
COVID-19 Worker Income Protection Benefit Program
Ontario employers must provide eligible employees with up to three days of paid infectious
disease emergency leave due to COVID-19 related reasons.
Organizations in the tourism, hospitality, arts, entertainment, and recreation sectors affected by a qualifying public health restriction may be eligible for funding.
Must meet 3 conditions: More than 50% of eligible revenue comes from the tourism/entertainment sector, a 12-month average revenue drop of at least 40% from March 2020 to February 2021, and a claim period revenue drop of at least 40%.
Each claim period, eligible employers can claim either the higher of the Canada Recovery Hiring Program or the wage portion of the Tourism and Hospitality Recovery Program or the Hardest-Hit Business Recovery Program.
Eligible businesses, not-for-profits, and indigenous organizations may be eligible for funding to support the transition to a green economy, activities supporting an inclusive recovery, digital adoption projects, and projects supporting Canada’s economic growth.
Interest-free repayable contributions for up to 50% of eligible costs and eligible not-for-profit organizations could receive non-repayable contributions for up to 90% of eligible costs.
Indigenous clients may be eligible for 100% of eligible project costs for projects.
Applications are accepted on a continuous intake basis until funding is allocated.
A Work-Sharing agreement is a 3-party agreement involving employers, employees, and Service Canada to help employers and employees avoid layoffs when: there is a temporary decrease in the normal level of business activity, and the decrease is beyond the control of the employer
Special measures for COVID-19 include extending the duration of agreements by an additional 38 weeks. That brings the total to 76 weeks (regardless of how many weeks a business has used before March 14, 2020) followed by a possible new 26-week subsequent agreement. Additional flexibility during COVID-19 is provided.
Special COVID-19 measures are in effect until September 24, 2022.
Highly Affected Sectors Credit Availability Program