Due to COVID-19 and its strong impact on businesses, the city is offering emergency financial support and is taking measures to help businesses deal with the challenges they face in this unprecedented situation.
If you are a private or social economy enterprise, a self-employed worker or an NPO, read a summary of the support measures implemented by the city, the Government of Québec, the Government of Canada, as well as various partners.
If you did not find the information you were looking for, contact us by phone or complete the online form.
Support measures offered by the city
- Enhancement to the small business assistance program
Montréal has enhanced the measure (in French) implemented by the government of Québec to support eligible businesses that need less than $50,000 in solvency. An envelope of $40 million has been set aside for Montréal companies. This assistance will be granted in the form of a loan at 3% interest by PME MTL, Montréal’s business support network. All loans will have a six-month moratorium and the city will assume the interest portion during that period.
Learn more (in French)
- Second instalment of municipal taxes postponed
Owners have until September 1st, 2020 to pay the second instalment of their annual property taxes. The deadlines for other invoices remain unchanged.
- Automatic moratorium on capital and interest
The PME MTL network is offering an automatic, six-month moratorium on capital and interest to private and social economy businesses who have received a loan through the PME MTL fund, Fonds Locaux de Solidarité and Fonds de commercialisation des innovations.
The city will pay the portion of interest during this period.
For more information, contact your PME MTL advisor.
The eligibility period for PRAM-Commerce, PRAM-Artère en chantier and PRAM – Sainte-Catherine (in French) has been postponed indefinitely. A new period will be determined when economic conditions are favourable.
An extension of 12 additional months for eligible work to be carried out has been granted for all applicants whose application was declared eligible over the past two years.
At present, we are not accepting new eligibility applications in designated areas where these programs apply.
All requests for subsidy payments as part of these three programs are being accepted and processed.
- Call for proposals for NPOs for the purpose of providing technical support to businesses (completed)
This financial contribution program is now over. Non profit organizations (NPO) have been selected (OBNL) to provide technical support to Montréal businesses.
In the case of all other business support programs offered by the city, all new applications or subsidy payment requests are being accepted and processed.
Didn’t find the information you were looking for? Do you have questions about measures offered by governments and other organizations?
Contact us during business hours Monday to Friday 9 a.m. and 4 p.m., at 514 394-1793.
Businesses can submit their questions by completing an online questionnaire. An economic development advisor from the city will respond as soon as possible, between 8 a.m. and 5 p.m., from Monday to Friday.
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