Overview

Canada Enterprise Emergency Funding Corp. (CEEFC) is a subsidiary of Canada Development Investment Corp. (CDEV) established in 2020 and whose mandate is to administer the Large Employer Emergency Financing Facility (LEEFF) and the Large Employer Tariff Loan (LETL) facility since March 2025.

CEEFC was originally tasked with launching and administering the LEEFF program in response to the economic impact of the COVID-19 pandemic. LEEFF made emergency loans available to Canada’s large employers that were unable to access traditional sources of capital at the time to keep them solvent and to support retention of tens of thousands of Canadian workers. LEEFF stopped taking new applications in 2022.

In March 2025, CEEFC was mandated to establish and administer the LETL facility to support large Canadian enterprises affected by actual and potential new tariffs and countermeasures and which face challenges accessing traditional sources of market financin...