| Department of Finance Canada | news releases
The Government of Canada is taking immediate, significant and decisive action to support Canadians and businesses facing hardship as a result of the COVID-19 global pandemic
| Department of Finance Canada | news releases
Today, Finance Minister Bill Morneau provided further details on the eligibility criteria for businesses to access the Canada Emergency Wage Subsidy (CEWS). These details will ensure that the proposed CEWS meets the government’s objective to support the employers that are hardest hit by the COVID-19 pandemic and protect the jobs Canadians depend on during these difficult times.
| Department of Finance Canada | news releases
To help Canadians and businesses get through these tough economic times, the Prime Minister, Justin Trudeau, announced that the Government is proposing to introduce a wage subsidy of 75 per cent for qualifying businesses, for up to 3 months, retroactive to March 15, 2020.
| Department of Finance Canada | news releases
Today, Finance Minister Bill Morneau announced that the government is waiving ground lease rents from March 2020 through to December 2020 for the 21 airport authorities that pay rent to the federal government.
| Department of Finance Canada | news releases
To support workers and help businesses keep their employees, the government has proposed legislation to establish the Canada Emergency Response Benefit (CERB).
| Department of Finance Canada | news releases
The Government of Canada is taking strong, immediate and effective action to protect Canadians and our economy from the impacts of the global COVID-19 pandemic.
| Department of Finance Canada | news releases
Today, Minister of Finance Bill Morneau announced amendments to mortgage insurance eligibility criteria, set out in regulations made under the National Housing Act and Protection of Residential Mortgage or Hypothecary Insurance Act. These changes will help provide stable funding and liquidity to financial institutions and mortgage lenders and support continued lending to Canadian businesses and consumers.
| Department of Finance Canada | news releases
Today, Minister of Finance Bill Morneau, Governor of the Bank of Canada Stephen Poloz, and Superintendent of Financial Institutions Jeremy Rudin outlined a coordinated package of measures being taken by financial sector partners to support the functioning of markets and continued access to financing for Canadian businesses.
| Department of Finance Canada | news releases
As part of her mandate to better incorporate quality of life measurements into decision-making and budgeting, the Honourable Mona Fortier, Minister of Middle Class Prosperity and Associate Minister of Finance, successfully completed a tour of communities in British Columbia. She met with Canadians to better understand what quality of life and well-being mean to them, and to understand the key issues facing their communities.
| Department of Finance Canada | news releases
In Victoria, the Minister participated in a roundtable with stakeholders, including Mayor Lisa Helps, to hear from them on what quality of life and well-being mean to them and their communities, and to understand the key issues they are facing. The Minister also highlighted the need to look at a broader range of evidence than standard economic statistics, such as gross domestic product (GDP), to assess progress in people’s quality of life and establish policy priorities.
