Did you apply for funding from Ontario Small Business Support Grant?
Starting at $10,000 for all eligible businesses, the Ontario Small Business Support Grant provides them with funding to a maximum of $20,000 to help cover decreased revenue expected as a result of the Provincewide Shutdown. In order to qualify, business must demonstrate that 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. New businesses established since April 2019 are also eligible provided they meet the other eligibility criteria.
To keep businesses informed with the most up to date information, there’s now a new way to check the status of your application online. Scroll down to the section marked “Check Ontario Small Business Support Grant application status” and enter your authorization number and CRA business number.