Co Vid Resources

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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.

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Support for individuals

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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

  • In addition to the measures above, Indigenous peoples can also access benefits listed under Support for individuals and Support for businesses.

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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

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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

  • In addition to the measure above, Indigenous peoples can also access benefits listed under Support for individuals and Support for businesses.

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

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Support for sectors

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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

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

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