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How to Apply for the Concerted Temporary Action Program for Businesses (PACTE)

 

If you have not yet contacted our call centre, we invite you to do so at 1 844 474-6367 so that we can discuss the broad outlines of the program with you.

 

If your business meets the eligibility requirements, you will have to submit the following documents so that we can review your application.

 

Required documents

 

  • Contact information for your account manager at your financial institution
  • Audited annual financial statements for the last two fiscal years
  • Most recent interim financial statements and comparative statements for the preceding fiscal year, if available
  • List of accounts receivable and accounts payable on the date of the interim financial statements (if available)
  • Cash budget and/or any other document that clearly demonstrates to IQ’s satisfaction your need for working capital over the next 12 months (18 months for hotel establishments/tourist attractions and 6 months for businesses located in red zone and ordered to close)
  • Up-to-date personal balance sheet (download the form)
  • Business’s completed declaration (download the form)
  • For hotel establishments: your property tax statement as well as your latest proof of payment.

 

The review of your file will also include an evaluation of the following points:

 

  • A confirmation of the causal relationship between your need for liquidity and the COVID-19 crisis
  • The crisis’s current and anticipated impact on your business (facility closures, slowdown or shutdown of operations, breakdowns in supply chains, decrease in orders or difficulties delivering goods, etc.)

Businesses that wish to receive the Assistance for Businesses in Regions Under Maximum Alert (ABRUMA) must send us the amount of their direct expenditures for the period from the closure start date until March 31, 2021 for each establishment covered by the application, along with the following supporting documents:

Direct Expenses Eligible for Write-Off Supporting Documents
Municipal and school taxes Tax bills
Rent – portion not covered by another government program Lease or other documents attesting to rent charges
Mortgage interest paid Mortgage statement for the establishment closed
Public utility charges, such as gas and electricity Public utility bills
Insurance Insurance contracts or documents showing premium costs
Telecommunication fees Invoices
Permits and association fees Any documents showing these costs
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You have questions?

Contact our

Customer Service

1 844 474-6367