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New government assistance programs have been announced to help businesses in Québec and Canada get through this period of upheaval. Subsidies and other measures could be added later. Our team will update this page regularly as further measures are introduced by organisations and governments.
Here’s what’s been announced so far.
All of the assistance programs put in place by the Québec government in response to tariffs are published here (French only).
This list includes two new programs:
- Investissement Québec’s Frontière program. This program offers fast access to financial assistance of up to $50M per business to help address liquidity needs and is designed to provide temporary support over a period of 12 months to allow companies to adjust their business models and supply chains.
- Investissement Québec’s Chantier productivité program. Chantier productivité, which is part of the ESSOR program, aims to support business productivity improvements by offering flexible financial assistance for investment projects. The Quebec government intends to enhance financial assistance in the form of refundable interest-free loans and may provide non-repayable contributions to businesses with projects estimated at more than $10M that stand out in terms of productivity.
Three additional programs were announced recently:
- Investissement Québec’s Panorama program. This program offers exporting businesses financing and support with their working capital requirements related to projects aimed at increasing or diversifying sales in Canada and internationally (outside the U.S.).
- Investissement Québec’s grand V initiative. The aim of this initiative is to stimulate business investment and accelerate the shift towards innovation and sustainable productivity to propel their growth.
- The CDPQ’s program for Québec businesses. The CDPQ put in place a program to encourage Quebec companies to launch new projects to increase productivity or strategically pivot to new markets.
The Québec government recently announced an envelope of $20M for the FORCE (Formation pour la résilience et la compétitivité en emploi) program which is administered by the Commissiohttps://www.cdpq.com/en/program-quebec-businessesn des partenaires du marché du travail (CPMT). Under this program, workers in the manufacturing, transportation and natural resources sectors will be entitled to training programs funded by the Québec government to offset the impacts of tariff threats. To encourage training, the government will reimburse up to 85% of the cost of training programs of 12 months or less. For more information, visit the Québec government’s website.
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