Minister Fortier Highlights Government Support for Businesses in Digital Town Hall with the Regina and District Chamber of Commerce
“Canada's economic response plan to address the impacts of the COVID-19 pandemic is the largest and most rapidly deployed peacetime investment in Canadian history. It provides effective support measures for businesses and the Canadian families they provide employment for here in the city of Regina. We will continue to closely monitor the impacts of the outbreak on individuals and businesses in all sectors and regions, and do what it takes to ensure that everyone gets the help they need during this unprecedented time of crisis.”
Mona Fortier, Minister of Middle Class Prosperity and Associate Minister of Finance
The government has taken many actions to support Canadian businesses through the outbreak of COVID-19, with targeted new initiatives that:
- Extend eligibility of the Canada Emergency Response Benefit to individuals who earn up to $1,000 per month, to seasonal workers who have exhausted their EI regular benefits and are unable to undertake their regular seasonal work as a result of the COVID-19 outbreak, as well as to workers who have recently exhausted their EI regular benefits and are unable to find a job or return to work because of COVID-19.
- Provide approximately $9 billion towards various measures to support to post-secondary students and recent graduates who are unable to secure or retain employment in order to help them overcome the challenges brought on by the pandemic.
- Increase credit available for farmers and the agri-food sector through Farm Credit Canada.
- Extend the maximum duration of the Work-Sharing program, from 38 weeks to 76 weeks, for workers who agree to reduce their normal working hours because of developments beyond the control of their employers.
- Defer the payment of income taxes until after August 31, 2020 for the payment of income tax amounts that become owing on or after March 18 and before September 2020. This relief will apply to new balances due, as well as instalments, under Part I of the Income Tax Act. No interest or penalties will accumulate on these amounts during this period.
- Launching the Canada Emergency Wage Subsidy calculator to support employers as they prepare to apply for the CEWS.
- Support for Students and Recent Graduates Impacted by COVID-19
- Government of Canada Clarifies Support for Canadian Journalism
- Government announces relief for federally regulated pension plan sponsors
- COVID-19 Emergency Response Act, No. 2 receives Royal Assent to help businesses keep Canadians in their jobs
- Government Introduces COVID-19 Emergency Response Act, No. 2 to Help Businesses Keep Canadians in their Jobs
- Canada’s COVID-19 Economic Response Plan
- Launch of the Canada Emergency Business Account
- Additional Support for Canadian Businesses from the Economic Impacts of COVID-19
- Canada’s COVID-19 Economic Response Plan: Support for Canadians and businesses
- Prime Minister announces more support for workers and businesses through Canada’s COVID-19 Economic Response Plan
Media may contact:
Office of the Minister of Middle Class Prosperity and Associate Minister of Finance
Department of Finance Canada
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