Monday to Friday, 9 a.m. to 5 p.m.

Member Information & Resources 

Dear ADAC Members,

As we all navigate our way through this new and strange world, we at ADAC wanted to let you know that we have you – our members, friends and arts community – in mind.

Our team is working safely from home, with access to all our files and phones, so if you need to reach us please don’t hesitate.

For those of you who work on appraisals with Kendra, she is working with her contacts to ensure we have the latest information on hand, and will disseminate to all those concerned.

Below are links to resources, information, updates on COVID-19:

Launch of Highly Affected Sectors Credit Availability Program

January 26, 2021, Today, the Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade, announced the launch of the Highly Affected Sectors Credit Availability Program, or HASCAP. As first outlined in the 2020 Fall Economic Statement, HASCAP will provide financial support to businesses that have been hardest hit by the pandemic.

Businesses across Canada continue to feel the effects of the COVID-19 crisis. Whether they are operating at limited capacity, switching to online-only services or suspending their operations entirely, many businesses have been strongly affected. Just as these businesses have stepped up for the health and safety of their communities, our government is once again stepping up for them.

Through HASCAP, the Business Development Bank of Canada (BDC) will work with participating Canadian financial institutions to offer government-guaranteed, low-interest loans of up to $1 million. Hard-hit businesses, like a chain of hotels or restaurants with multiple locations under one related entity, could be eligible for up to $6.25 million. HASCAP will help businesses with their day-to-day operating costs during the COVID-19 crisis and enable them to invest in their longer-term prosperity.

HASCAP is available to businesses across the country, in all sectors, that have been hit hard by the pandemic. This includes restaurants, businesses in the tourism and hospitality sectors, and those that rely on in-person service.

To be eligible for HASCAP, businesses need to show a year-over-year revenue decline of at least 50% in three months, within the eight months prior to their application. They must also be able to show their financial institutions that they have previously applied for either the Canada Emergency Wage Subsidy or the Canada Emergency Rent Subsidy.

Eligible businesses can start applying as early as February 1 at principal financial institutions and more widely by February 15. Interested businesses should contact their primary lender to get more information and to apply.

More information is available at

Canada Emergency Business Account

CEBA provides zero-interest loans up to $40,000 to small business and non-profit organizations that have experienced diminished revenues due to COVID-19 but face ongoing non-deferrable costs, such as rent, utilities, insurance, taxes and wages. Repaying the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 25 percent (up to $10,000)

December 4, 2020, Today we announced the expansion of the Canadian Emergency Business Account (CEBA). 

Starting on Friday, December 4, 2020, eligible businesses facing financial hardship as a result of the COVID-19 pandemic are able to access a second CEBA loan of up to $20,000 – on top of the initial $40,000 that was available to small businesses.

Half of this additional financing, up to $10,000, will be forgivable if the loan is repaid by December 31, 2022.

This means the additional loan effectively increases CEBA loans from the existing $40,000 to $60,000 for eligible businesses, of which a total of $20,000 will be forgiven if the balance of the loan is repaid on time.

As announced in the Fall Economic Statement, the application deadline for CEBA has also been extended to March 31, 2021.

To apply, eligible businesses and not-for-profits need to contact the financial institution that provided their initial CEBA loan and provide the appropriate information and documentation.


To get the help you need: 

1.       To help slow the spread of COVID-19 and safely reopen our economydownload the COVID Alert App.

2.       Visit our government’s COVID-19 Economic Response Plan website for information about supporting your employees and your business.

3.       Contact your local financial institution. Since we know most small businesses have a relationship with their local financial institution already, we’ve worked with the financial sector to increase their lending capacity to support you in this challenging time. They are an excellent first resource.

4.       Consult the Canadian Business Resilience Network, a partnership between our government and the Canadian Chamber of Commerce to help your business prepare, persevere and prosper through this crisis.

5.       Check out the new PPE Supply Hub – Canadian businesses in need of personal protective equipment, and businesses looking to sell these supplies can go to this hub to connect.

6.       Make the POST Promise to show employees and customers that you take COVID-19 prevention seriously by practicing key health and safety steps and maintain a safe workplace.

7.       Canadian Centre for Occupational Health and Safety – for a free online course to provide businesses with all the information they need to reopen safely.


For assistance at any time, please reach out to the team member below who represents your regionBased on the current volume of email, if you reply to this email directly without copying the appropriate regional team member, my response may be significantly delayed.

         Ivana Spasovska, Senior Special Assistant, Regional Affairs and Stakeholder Relations –

         Zach Nixon, Special Assistant, Regional Affairs (Ontario, Atlantic) –

         Youmy Han, Press Secretary and Special Assistant, Regional Affairs (West and North) –

         Arevig Afarian, Special Assistant, Regional Affairs (Quebec) –

October 26, 2020 – The government announced that the Canada Emergency Business Account (CEBA) will be available to businesses that have been operating out of a non-business banking account, as early as today.

To be eligible, businesses must have been operating as a business as of March 1, 2020, must successfully open a business account at a Canadian financial institution that is participating in CEBA, and meet the other existing CEBA eligibility criteria. The deadline to apply for CEBA is December 31, 2020.

CEBA is part of our economic response plan to help Canadians and Canadian businesses deal with the COVID-19 pandemic. The measures under this plan are helping businesses keep their doors open, keep their employees on payroll, protect the jobs that Canadians depend on, and recover quickly when the time comes.

Please go to the CEBA website for further information. Businesses interested in the program should speak with their current financial institutions. 

Canada Emergency Rent Subsidy

November 24, 2020: This UPDATE comes directly from the Office of the Minister of Small Business, Export Promotion and International Trade Canada Emergency Rent Subsidy

“Today, we opened the CERS to receive applications from qualifying organizations. These organizations can now apply directly for the subsidy for the period from September 27 to October 24, 2020 through the Canada Revenue Agency (CRA) My Business Account, or Represent a Client portals. Applications for the second CERS period (October 25 to November 21, 2020) will open on November 30.  

 In response to concerns raised by stakeholders about the program, the Government is proposing to amend the CERS in order to allow applicants to include eligible expenses in their CERS application before the expense has been paid. This means that organizations can include rent and other eligible amounts already paid in respect of a claim period as well as amounts that are payable for the claim period when submitting their CERS applications. Amounts that are not paid at the time of the application will have to be paid no later than 60 days after payment of the subsidy. 

 The CRA has launched a CERS online calculator and application form that are designed almost identically to those of the Canada Emergency Wage Subsidy (CEWS). The calculator guides applicants through a step-by-step process that allows them to determine the subsidy amount they can claim, based on the information they enter.  The CERS web pages include detailed information about eligibility requirements, how payment periods are structured, and how the subsidy is calculated.  

 The CRA will collect applications over the coming days and, on November 30, process applications received to date. Qualifying organizations whose claims successfully clear the CRA’s automated verification system and that are registered for direct deposit should expect to begin receiving payments starting on December 4.  In cases where the CRA does not have enough information on file to process a claim, we will ask organizations to provide us with additional information so that we can verify their eligibility before we process their application.”

Resources for Re-opening (when appropriate)

The Retail Council of Canada has the following information and resources as life slowly opens up:

Can My Business Re-open? Non-essential retail re-opening dates as announced by region

Retail Recovery Planning

Retail Recovery Playbook: COVID-19 recovery strategies for retailers

Covid-19 Health Information: Federal Government

Government of Canada – COVID-19 Symptoms and Treatment

Government of Canada – COVID-19 Outbreak Update

Covid-19 Health Information: Provincial & Territorial Health Services

Alberta   BC   Manitoba     New Brunswick     Newfoundland & Labrador     Nova Scotia

Northwest Territories     Nunavut     Ontario     PEI     Quebec     Saskatchewan     Yukon

Government Support: for Businesses

The Government is continually refining their support for Canadian Businesses, please see their page Supporting Canadian Businesses for up-to-date information.

Government Support: Temporary Wage Subsidy

The Federal government is continually refining the temporary wage subsidy eligibility/criteria and deadlines. Please go directly to their website HERE for more information.

Updates for the Art World

Canada Council for the Arts on COVID-19

Ontario Arts Council on COVID-19

COVID-19 Impacting the Art World

How Arts Funding Is Being Affected by COVID-19, published in CanadianArt

Advice for Small Businesses

Worried About a Recession? Barbara Corcoran’s 3 Best Pieces of Business Advice, published in Inc.

Related Organizations

AGAC – L’Association des galeries d’art contemporainContemporary Art Galleries Association

CMA – Canadian Museums Association

Museums Ontario

OAAG – Ontario Association of Art Galleries

Toronto Arts Foundation

© 2021 Art Dealers Association of Canada. All Rights Reserved