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For businesses

Government assistance programs and financial relief measures

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During this period of uncertainty, entrepreneurs have many questions regarding how to stay in business or determine the financial difficulties this pandemic could cause.

Each business or organization is different and requires personalized solutions tailored to its own situation. Before making decisions that will affect your financing or the future of your business, please contact one of our account directors today to discuss your situation. We will help you identify the measures available and guide you in the days ahead based on your business strategies.

Federal assistance programs

A number of government assistance programs and relief measurements are available to support businesses during this time.

Canada's COVID-19 Economic Response Plan
Under Canada's Economic Response Plan, a number of measures have been put in place for businesses.

The Emergency Wage Subsidy has been established to assist businesses in retaining their current employees or rehiring them while they face the challenges brought on by the COVID-19 pandemic.

  • Canada Emergency Wage Subsidy: Possible subsidy of 75% of wages
  • Temporary Wage Subsidy: Possible subsidy of 10% of wages
  • Please consult the following infographic to find out how eligible businesses can benefit from the Canada Emergency Wage Subsidy.


    1. My Business Account
    2. Details of processing and payment - Eligible businesses with a gross payroll of $25M and over must be registered for direct deposit as well as the Large Value Transfer System (LVTS).
    3. Reduction of revenue during the eligibility period
    4. Confirmation of eligibility
    5. Online application for clients – UNI Payroll Management

    Note: If you receive the Canada Emergency Wage Subsidy (75%) conditional on a minimum loss of income, you will not be eligible to receive the Temporary Wage Subsidy during this period. However, if your business situation changes during another eligible period, you may qualify for one or more of the subsidies. Assessing your eligibility for each period is important.

    Businesses using UNI's Payroll Management Service that are eligible for the Temporary Wage Subsidy can find the information in the online payroll management tool. Businesses not registered for this service can call 1-800-567-1318.

    If you are not registered for CRA direct deposit, do so now to benefit quickly from the Canada Emergency Wage Subsidy. Register through AccèsD Affaires or "My Business Account". Important: this enrolment does not constitute an application for the Canada Emergency Wage Subsidy. You must apply through the Government of Canada's website.

    Eligibility criteria for the Emergency Wage Subsidy are evolving rapidly. Please refer to the Government of Canada's website for information on your eligibility during the targeted timeframes.

    May 19, 2020 | The Government of Canada recently announced that the eligibility criteria for this program will be expanded. Stay tuned. This section will be updated as soon as the new criteria are finalized by the government.

    On March 27, the Government of Canada established a new Canada Emergency Business Account for Canadian businesses affected by the COVID-19 situation.

    This program is designed to help small businesses and non-profit organizations cover operating costs by providing them with a $40,000 loan during a period of temporary reduction in revenue. Twenty-five per cent (25%) of the amount of the loan ($10,000) is forgivable if the business repays $30,000 by December 31, 2022. If the business is unable to repay this amount by December 31, 2022, the balance may be converted to a three-year term loan with an interest rate of 5%.

    UNI is proud to be accredited to offer this assistance to eligible businesses.

    To qualify, your business must have:

    • Paid between $20,000 and $1.5 million in total payroll in 2019
    • Been using UNI as its primary financial institution since March 1, 2020, or earlier

    To find our more, consult our frequently asked questions (FAQ).

    Want to apply for financing?


    For any questions, call 1-888-359-1357. As we are currently experiencing a high call volume, we thank you in advance for your patience.

    The Business Credit Availability Program (BCAP) is a $65-billion federal program for small and medium-sized enterprises (SMEs). Export Development Canada (EDC) and UNI are working together to offer the program during the COVID-19 pandemic.

    Get the loan you need to cover short-term operating costs such as employee wages or your rent through a BCAP guarantee from EDC. This loan cannot be used to pay back or refinance current debt (other restrictions apply to other eligible expenses). No export sales are required to be eligible.

    EDC's BCAP guarantees 80% of the total value of your loan. By sharing the risk, we are better able to provide the funds you need to meet your immediate financial obligations. Please note that the guarantee is remitted to UNI, not to your business. You will be responsible for repaying the total amount of the loan.

    For more information on this program or to learn more about current assistance measures, please contact your account manager to help identify solutions for your needs.

    You may also call 1-855-842-2511. As we are experiencing a high call volume, we thank you in advance for your patience.

    Other payment deferral measures and support are available:

    • Deferral on preparing income tax returns
    • Deferral of tax payments
    • Support for the self-employed through the Canada Emergency Response Benefit (CERB)
    • Deferral of GST/HST tax payments

    We encourage you to follow developments in these assistance measures on the Government of Canada website.

    Provincial assistance programs

    The Government of New Brunswick is working on various financial assistance programs and relief measures to support businesses during this time.

    Financial relief and support measures will allow small businesses to maintain their working capital, including:

    • Case-by-case analysis of late payments of property taxes due May 31, 2020
    • Case-by-case analysis of payments of capital and interest for existing loans from Government of New Brunswick departments
    • Financial support to businesses

    Details on the various assistance programs are evolving. We will continue to monitor these programs and update the information available.

    For this reason, we encourage you to contact your account manager for information on the current assistance measures available and for help identifying solutions based on your needs.