
EDC — Credit Insurance
Last Update: July 29, 2025
Canada
Credit insurance against unpaid invoices
At a glance
Eligible Funding
- No Condition
Timeline
- Open Date : November 14, 2019
Financing Type
Loans and Capital investments
Eligible Industries
- All industries
Funds Providers
Unspecified
Program status
Open
Overview
Protect your profits and get covered for 90% of your insured losses if a customer doesn’t pay.
Financing terms and conditions
- Insure transactions up to $500,000 for short-term coverage with Select Credit Insurance.
- Covers up to 90% of insured losses if your customer does not pay.
- Financial institutions may lend against insured invoices for up to 90% of their value.
Activities funded
- Securing accounts receivable against non-payment risks for international sales.
- Obtaining insurance coverage for short-term or ongoing export transactions.
- Protecting receivables related to single international customers, specific transactions, or entire portfolios of export clients.
- Expanding business into new global markets with risk mitigation support.
Examples of admissible projects:
$ 72,000
Open a community arts center to promote local artists and cultural activities
$ 72,000
Launch an online education platform to provide accessible learning resources
$ 67,500
Upgrade technology infrastructure to enhance operational efficiency and customer service
$ 58,500
Establish a recycling program to reduce waste and promote environmental sustainability
$ 90,000
Create a mobile health clinic to improve healthcare access in remote communities
$ 40,500
Develop a local organic farmers' market to support sustainable agriculture
Eligibility
- The company must be a Canadian exporter of any size.
- The applicant must sell goods and/or services to customers outside Canada, create goods and/or services that form part of an international supply chain, or have a plan to export in the future.
Who is eligible?
- Canadian exporters of all sizes
- Businesses selling goods or services to customers outside Canada
- Companies creating goods or services that are part of an international supply chain
- Businesses planning to export in the future
Eligible expenses
- Coverage of insured losses resulting from non-payment by international customers (up to 90% of receivables).
- Protection for single or multiple international customer transactions and entire books of receivables.
- Insurance for pre-shipment costs in case of order cancellation (for portfolio policies).
Eligible geographic areas
- Companies based in Canada.
Selection criteria
Short-term and portfolio credit insurance have different evaluation and selection criteria. Short-term coverage is ideal for new or occasional exporters with transactions up to $500,000, while portfolio credit insurance suits active exporters with consistent sales and the need for ongoing coverage.
- New or occasional exporter
- Transactions up to $500,000
- Exploring new markets
- Few customers
- Fast and simple coverage online
- Active exporter with consistent sales
- Insure an unlimited number of customers
- Flexible coverage with more policy options
- Cover pre-shipment costs in case of contract cancellation
How to apply
1
Determine the Appropriate Insurance Plan (Select Plan/Portfolio Credit Insurance)
Assess whether Select Credit Insurance or Portfolio Credit Insurance is more suitable for your business based on your export frequency, market exploration, and coverage needs.
2
Gather Necessary Information (Documentation)
- Collect details of the transactions you want to insure, including the amount, customer details, and any relevant contracts.
- Ensure you have financial statements or credit information if required.
3
Access Online Application Portal (Register/Login)
- Visit the insurance provider's website to access the online application portal.
- Create an account or log in if you already have an account.
4
Complete the Application Form (Fill Form)
- Fill in the necessary fields in the online application form with accurate details about your transactions and company information.
- Select the coverage details as per your determined needs from Step 1.
5
Submit Application (Submit)
- Review the information entered for accuracy.
- Submit your application through the online portal.
6
Confirmation of Submission (Receive Confirmation)
- Receive a confirmation email or message indicating that your application has been received.
- Keep this confirmation for your records and future reference.
Additional information
- Coverage includes protection for both accounts receivables and profits against customer non-payment.
- Insurance policies can be tailored to insure a single customer, multiple customers, or entire receivables portfolios.
- Trade credit insurance can help increase access to working capital by enabling financial institutions to lend against insured invoices.
- Coverage can be set up quickly online for select policies, making it suitable for new exporters and those with urgent needs.
Frequently Asked Questions about the EDC — Credit Insurance Program
Here are answers to the most common questions about the EDC — Credit Insurance. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the EDC — Credit Insurance?
How much funding can be received?
What is the deadline to apply?
Is the EDC — Credit Insurance a grant, loan, or tax credit?
Who are the financial supporters of the EDC — Credit Insurance?
Who is eligible for the EDC — Credit Insurance program?
Who can I contact for more information about the EDC — Credit Insurance?
Where is the EDC — Credit Insurance available?

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