Canada’s COVID-19 Economic Response Plan – Overview

These measures are part of the Government of Canada’s COVID-19 Economic Response Plan – a comprehensive plan to help ensure that Canadians can pay for essentials like mortgages, rent and groceries, and to help businesses continue to pay their employees and their bills during this time of uncertainty.

Cost and Implementation
Protecting Health and Safety Total Impact
($ Millions)1
  Immediate Public Health Response (of which, $25 million for PHAC in 2019-20) 50
  COVID-19 Response Fund (including $500M for Provinces and Territories, completed in 2019-20, and $50M from existing resources) 1,025
  Funding for Personal Protective Equipment and Supplies (of which, $200 million in 2019-20) 2,000
  Safe Restart Agreement, Proposed Federal Contribution (includes support for healthcare including mental health and problematic substance use, testing and contact tracing support for vulnerable populations, child care, sick leave, municipalities, and personal protective equipment procurement) 19,351
  PPE and Related Equipment for Essential Workers (increased support and funding for procurement) 511
  Support for Health Canada and the Public Health Agency of Canada 88
  Reducing Import Costs to facilitate access to Critical Medical Goods 2812
  Health and Social Support for Northern Communities (critical priorities, air carriers, food subsidy enhancement) 115
  Support for International Partners (includes $322.9M of International Assistance Envelope Crisis Pool and other allocated funding, updated July 17) 443
  COVID-19 Medical Research and Vaccine Development (over two years) 1,127
  Consular Assistance (of which, $36 million in 2019-2020) 100
  Virtual Care and Mental Health Tools for Canadians 241
  Enhancing Public Health Measures in Indigenous Communities 285
Total - Protecting Health and Safety 25,617
Direct Support Measures  
Support for Individuals
  Canada Emergency Response Benefit (CERB) 80,4733
  Canada Emergency Wage Subsidy (CEWS) 83,6004
  10% Temporary Business Wage Subsidy 2,0805
  Essential Workers Wage Top-up 3,000
  Temporary Enhanced GST Credit 5,515
  Temporary Enhanced Canada Child Benefit 1,9976
  Canada Student Loan Payments 190
  Waiving the Employment Insurance Waiting Period for People in Imposed Quarantine 5
  Advertising Campaign: Government of Canada’s COVID-19 Economic Response Plan 2020-2021 10
  COVID-19 Communications and Marketing 50
  Support for Students and Recent Graduates (over two years)  
      Youth Employment and Skills Development Programs (updated June 25) 1,008
      Canada Student Loans (over two years) 1,930
      Canada Emergency Student Benefit 5,250
      Canada Student Service Grant 900
  Support for Seniors  
      One-Time Payment to OAS and GIS recipients 2,509
      New Horizons for Seniors Program expansion 20
      Lower RRIF Minimum Withdrawal 495
      Contribution of $9 million through United Way for local organizations (in 2019-20) 9
  Support for Vulnerable Groups  
      Indigenous Community Support Fund (Updated with May 21st announcement) 380
      Supporting the On Reserve Income Assistance Program 270
      Support for women’s shelters and sexual assault centres, including in Indigenous communities 50
      Protecting and Supporting Indigenous Women and Girls Fleeing Violence (first two years) 297
      Support for People experiencing Homelessness (through Reaching Home) 158
      Support for Children and Youth (Kids Help Phone) 8
      Support for Food Banks and Local Food Organizations (of which, $25 million in 2019-20) 100
      Support for Charities and Non-Profits Serving Vulnerable People 350
      Support for Persons with Disabilities ($1M in existing funding) 865
      Support for the Canadian Red Cross 100
Businesses, Sector Specific Supports
  Canada Emergency Business Account (CEBA) - 25% incentive 13,7508
  Alternative Credit Support for Businesses Unable to Access other Emergency Measures (RDAs, Community Futures Network, Futurpreneur Canada, and Industrial Research Assistance Program) 1,232
  Support for local Indigenous economies and the Indigenous Tourism Industry 133
  Support for Indigenous Businesses and Aboriginal Financial Institutions 307
  Financial Relief for First Nations through the First Nations Finance Authority 17
  Support for Northern Businesses (from existing resources) 15
  Enhancements to the Work-Sharing Program 12
  Canada Emergency Commercial Rent Assistance 2,974
    Less: Provincial Contribution for CECRA -569
  Women Entrepreneurship Strategy – Ecosystem Top-up 15
  Parks Canada Rent Relief and Revenue Replacement 74
  Granville Island Emergency Relief Fund 17
  Wage Subsidy for Staff of the Non-Public Funds, Canadian Forces 6
  Support for the Federal Bridge Corporation Limited 3
  Support for Sectors  
    Support for the Air Transportation Sector 331
    Support for Food Inspection Services 20
    Support for Firms that Hire Temporary Foreign Workers 549
    Support for Cultural, Heritage and Sport Organizations 500
    Support for the Broadcasting Industry 3510
    Support for Canada's National Museums 26
    Supporting the National Arts Centre during COVID-19 18
    Emissions Reduction Fund for the Oil and Gas Sector (over two years) 750
    Cleaning up Former Oil and Gas Wells 1,720
    Emergency Funding for Safety Measures in Forest Operations 30
    Support for Canada's Farmers, Food Businesses, and Food Supply 453
    Support for Fish and Seafood Processors 63
    Support for Canada’s Fish Harvesters 469
    Support for Canada’s Academic Research Community 450
Total - Direct Support Measures 214,255
Tax Liquidity Support  
CRA/CBSA liquidity support to businesses and individuals:  
    Income Tax payment deferral until after August 55,000
    Sales Tax Remittance and Customs Duty Payments Deferral 30,000
Supporting Jobs and Safe Operations of Junior Mining Companies 5011
Total – Tax Liquidity Support 85,050
Total - Protecting Health and Safety, Direct Support Measures and Tax Liquidity Support 324,922
As % of GDP1 14.1%
Other Liquidity Support and Capital Relief  
Business Credit Availability Program (BCAP) (through BDC and EDC):  
    Small and Medium-sized Enterprise Loan and Guarantee program 40,000
    Canada Emergency Business Account (CEBA) 41,2508
    Financing for Mid-size Companies through BCAP To be determined12
Credit and liquidity support for the Agricultural Sector 5,200
Large Employer Emergency Financing Facility To be determined12
Credit and liquidity support through the Bank of Canada, CMHC and commercial lenders 300,00013
Total – BCAP, Other Credit and Liquidity Support 386,450
Capital Relief (OSFI Domestic Stability Buffer) 300,000
Total - BCAP, other liquidity support and capital relief 686,450
Notes:
1 Total impact in 2020-21, unless otherwise specified. Differs from fiscal cost on an accrual basis, which is lower. % of GDP based on 2019 GDP. Numbers may not add due to rounding.
2 Estimate assumes tariff waiver would remain in place through 20-21 fiscal year. This could be repealed sooner.
3 Revised estimate based on observed uptake and eight-week extension. Includes up to $473M in implementation and administration costs for ESDC and CRA to administer to program.
4 Estimated total fiscal cost of the program as announced by the Minister of Finance on July 17.
5 Revised estimate.
6 Revised estimate based on observed payments.
7 Profile for the first two years (2020-21 and 2021-22) of total funding of $90.6M over five years, and $11.2M ongoing, announced on May 29 to protect and support indigenous women and girls fleeing violence, including to build new shelters and support operating costs. 
8 Estimate. Reflects program expansion announced on June 26 and observed take-up.
9 Includes $4 million for Labour Market Impact Assessment (LMIA) refunds to eligible employers who have been affected by the pandemic and are no longer able to hire temporary foreign workers.
10 Revised estimate to include Employee Benefit Plan and the Public Services and Procurement Canada accommodation charges.
11 Fiscal impact of measures from 2019-20 to 2021-22.
12 Estimates of cost/impact under review, pending availability of take-up data.
13 Figures represent lower bound estimates based upon announced credit and liquidity support to date.
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