Yukon Disaster Financial Assistance Program
The Yukon Disaster Financial Assistance Program for Small Businesses helps business owners recover from a natural disaster. If the event causes significant damage to your small business, you can apply for funding to repair it.
Offered by Department of Economic Development
Amount
Maximum of $500,000 per business
1 claim must be submitted to recover all eligible costs
Quick eligibility check
Who can apply
You can apply to the program if:
you're a small business owner; and
an eligible natural disaster caused significant damage to your business.
Your Yukon small business is eligible if it meets the following requirements.
You own at least 50 per cent of the business.
You work as the day-to-day manager of the business.
Your business was operating when the natural disaster occurred.
Your business had a yearly gross revenue that is at least $10,000 and less than $2 million in the year preceding the disaster.
Your business employs no more than 20 full-time employees.
Yukon Corporate Registry; and
Yukon Workers' Safety and Compensation Board.
You are also eligible if you are a self-employed:
fisher;
trapper;
logger; or
harvester of other natural resources.
Commercial tenants cannot apply for funding to repair or replace business structures.
You are a commercial tenant if you:
occupy rented or leased space in exchange for a monthly fee; and
are not the registered owner of the property.
The property owner can apply for funding to repair structural damage. Owners need to meet all program eligibility requirements to qualify for funding.
Yukon government will determine whether to activate a Yukon Disaster Financial Assistance program after a disaster. Not all disaster events will be eligible. Generally, eligible events will have damages that are widespread, affect a large area or number of residents, and are mostly uninsurable.
About the funding
You can apply for a maximum of $500,000 per business. You must submit 1 claim to recover all eligible costs.
Disaster-related costs that are essential to repair the business are eligible. This includes:
debris clean-up;
removal of hazardous material; and
Show all funding details
waste disposal.
office space and equipment;
production equipment,
rolling stock; and
facilities.
parking areas;
pumps;
services and connections; and
space and water-heating equipment.
books and papers required to carry out the business;
tools and equipment essential to the business; and
inventory at replacement cost.
Costs for commercially operated apartment buildings. This includes the roads servicing them if they're part of an eligible business.
recreation facility;
botanical garden; or
golf course.
If you could not buy insurance for the entire value of the building, some of the uninsured losses may be eligible.
If you do not have insurance, only losses that insurance would not cover for a reasonable cost will be eligible. This is to ensure equal treatment for people who had insurance coverage. Standard insurance policy deductible amounts are not eligible.
Eligible damage costs are costs that align with the federal Disaster Financial Assistance Arrangements.
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|---|---|---|---|
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