Latest updates

The Canada Emergency Business Account (CEBA) program has been expanded

Get the financial support you need. Check for additional eligibility and program details before you apply. 

Learn moreabout CEBA.

The RRRF brings relief to more business owners

If you need funding to support your business but you’re having a hard time qualifying for a government relief program, the Regional Recovery and Relief Fund (RRRF) may be your answer.

Read article (5 minutes)about the RRRF.

Government business relief programs with Canadian banks

Canada Emergency Business Account (CEBA)

CEBA is an interest-free loan to help cover operating costs if business revenues have been temporarily reduced due to the economic impacts of COVID-19. It offers a loan of up to $40,000 for eligible businesses that’s interest-free until December 31, 2022.

Learn moreabout CEBA.

Business Development Bank of Canada (BDC) Co-Lending Program

The Co-Lending Program offered by the BDC provides variable-rate term loans at market rates to eligible businesses. It’s for Canadian businesses that operate in Canada and use CIBC as their primary bank.

Learn moreabout the BDC Co-Lending Program.

Export Development Canada (EDC) Business Credit Availability Program

Eligible domestic or export-oriented Canadian companies can get an EDC-guaranteed loan of up to $6.25 million. You can get this as a term loan or revolving line of credit to cover your operating and liquidity expenses.

Learn moreabout the EDC Business Credit Availability Program.

Other government programs

The Government of Canada introduced emergency benefits and other programs to help Canadians and businesses facing hardships.

For a current list of government programs measures, visit Canada’s COVID-19 Economic Response PlanOpens a new window in your browser..

Canada Emergency Wage Subsidy (CEWS)

Canadian employers may be eligible for a subsidy of 75% of employee wages, retroactive from March 15, 2020 to summer 2021.

The government is now accepting online applications for the CEWS programOpens a new window in your browser..

Sign up for CRA direct deposit through CIBC Online Banking for Business Opens a new window in your browser. or CIBC Mobile Banking® AppOpens your banking app. to ensure the fastest funding experience and avoid delays of physical cheques.

Learn more about how to set up CRA direct deposit for your business.

Temporary Wage Subsidy (TWS)

The 10% Temporary Wage Subsidy for Employers is a 3-month measure that allows eligible employers to reduce the amount of payroll deductions required to be remitted to CRA.

Learn more in Wage Subsidy Programs for Employers: Canada’s COVID-19 Response Plan (PDF, 205 KB)Opens a new window in your browser.  and FAQ — Temporary wage subsidy for employers: CRA and COVID-19Opens a new window in your browser..

Regional Relief and Recovery Fund (RRRF) 

RRRF is for businesses that may require additional help to recover from the COVID-19 pandemic, but have been unable to access other support measures. It offers businesses an interest-free repayable contribution of:

  • up to $40,000, with up to 25% forgivable
  • up to $1,000,000, fully repayable 

Apply to the RRRF through your Regional Development Agency. Before applying, businesses must have already applied to other Government of Canada emergency credit relief measures.

Learn more at the Government of Canada websiteOpens a new window in your browser.

Accelerate your recovery 

A smiling woman looks at her tablet.


Find funding for your business fast

Answer four simple questions and match with the right programs and grants for your business.

person looks down at tablet in their hands.

Enable CRA direct deposit for CEWS payments

Client stories

Josh Cormier having a drink next to his distilling equipment.

Josh Cormier, Pepprell Distilling Co.

Pepprell has always had a social and environmental mission at its core. When the pandemic hit, the business pivoted from distilling spirits to making hand sanitizer to help its community. Our advisor, Elaine Purdy, has supported Josh and his team through the transition to make their banking easier. 

Read moreabout Pepprell Distilling’s story.

Cory-Lynn Styles in her studio.

Cory-Lynn Styles, Lagom Studio

Cory-Lynn has started turning her studio into a virtual experience, offering take-home paint-your-own-pottery kits as a much needed creative outlet during the pandemic. Our advisor, Louis Choi, has helped her during this stressful time by enrolling her in a business relief program so that she could focus running the business. 

Read moreabout Cory-Lynn Styles’ pottery studio.

Ways to bank

We’re committed to maintaining a high level of banking access and support, providing expert advice and protecting our team and you.


Save the trip to the branch and bank online, anytime.

Apply for government relief programs through CIBC Online Banking® for BusinessOpens a new window in your browser..

Get a clear view of your banking, accounting and payroll all in one place with CIBC SmartBanking™ for Business.

Request a call from a CIBC expert

One of our advisors will call you back when it’s convenient for you.

Find a CIBC Banking Centre or ATM.

Some banking centres are closed, but ATMs are still available.