Co Vid Resources

Canada’s COVID-19 Economic Response Plan

The Government of Canada is taking immediate, significant and decisive action to support Canadians and businesses facing hardship as a result of the global COVID-19 outbreak.

Support for individuals

Individuals and families

  • Temporary salary top-up for low-income essential workers

  • Increasing the Canada Child Benefit

  • Special Goods and Services Tax credit payment

  • Extra time to file income tax returns

  • Mortgage payment deferral

 

People facing loss of income

  • Canada Emergency Response Benefit (CERB)

 

Indigenous peoples

  • Addressing immediate needs in Indigenous communities

  • Supporting Indigenous communities public health needs and preparedness

  • Making personal hygiene products and nutritious food more affordable

  • Providing support to Indigenous post-secondary students

People who need it most

  • Improving access to essential food support

  • Supporting people experiencing homelessness

  • Supporting women and children fleeing violence

  • Delivering essential services to those in need

 

Seniors

  • Reduced minimum withdrawals for Registered Retirement Income Funds

  • Supporting the delivery of items and personal outreach

  • Providing immediate and essential services to seniors

 

Youth, post-secondary students and recent graduates

  • Canada Emergency Student Benefit (CESB)

  • Creating new jobs and opportunities

  • Launching a new national service initiative

  • Helping students continue their studies in the fall

  • Supporting international students working in an essential service

  • Suspending repayment and interest on student and apprentice loans

  • Providing youth with mental health support

 

Support for businesses

Avoiding layoffs and rehiring employees

  • Canada Emergency Wage Subsidy (CEWS)

  • Temporary 10% Wage Subsidy

  • Extending the Work-Sharing program

 

Access to credit

  • Business Credit Availability Program (BCAP)

  • Canada Emergency Business Account (CEBA)

  • Canada Emergency Commercial Rent Assistance (CECRA)

  • Rural businesses and communities

  • Assisting innovative and early-stage businesses

  • Young entrepreneurs

  • Businesses in the territories

  • Small and medium-sized businesses unable to access other support measures

 

Creating new jobs and opportunities for youth

  • Youth Employment and Skills Strategy

  • Student Work Placement Program

  • Mitacs and The Business/Higher Education Roundtable

  • Temporary changes to Canada Summer Jobs program

 

Deferred payments

  • More time to pay income taxes

  • Deferral of Sales Tax Remittance and Customs Duty Payments until June

 

Support for self-employed individuals

  • Canada Emergency Response Benefit (CERB)

  • Deferral of Sales Tax Remittance and Customs Duty Payments until June

  • More time to pay income taxes

 

Indigenous businesses

  • Funding for small and medium-sized Indigenous businesses, and Aboriginal Financial Institutions

 

Supporting financial stability

  • Relief for federally regulated pension plan sponsors

  • Launching an Insured Mortgage Purchase Program

  • Bank of Canada's actions

  • Office of the Superintendent of Financial Institutions actions

 

Find the support you need for your business

Answer a few questions to get a personalized list of support

 

Support for sectors

Agriculture, agri-food, aquaculture, fisheries

  • Keeping workers in the food supply chain safe

  • Increasing credit availability. Assisting the fish and seafood processing sector

 

Cultural, heritage and sports

  • Addressing the financial needs of cultural, heritage and sport organizations

  • Waiving payments for Part I licence fees

 

Air transportation

  • Continuing the supply of essential goods and services to remote and fly-in communities

  • Waiving ground lease rents

 

Tourism

  • Deferring payments on commercial leases and licenses of occupation

 

Energy

  • Cleaning up orphan and inactive oil and gas wells

  • Launching the Emissions Reduction Fund

 

Non-profit and charitable

  • Delivering essential services to those in need

Please see link below for complete details on the resources the Government has offered to date - details above referenced from link below.

https://www.canada.ca/en/department-finance/economic-response-plan.html

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