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Wednesday, March 18, 2020

Federal Government Announces COVID-19 Aid Package

Regional | by Jill Young  

A total of $82-billion dollar is being doled out by the federal government to help Canadians during the pandemic.

Prime Minister Justin Trudeau has confirmed a border closure and a billion dollar aid package.

The Prime Minister once again stood outside his home to issue a statement saying that non-essential travel will be restricted between Canada and the U-S to help stop the spread of coronavirus.

Commercial crossings will still be allowed.

A total of $82 billion dollars, was announced in direct funding as part of an aid package to help Canadians through the COVID-19 crisis.

The Emergency Canada Benefit is being introduced that will help people who are not eligible get EI and have to stay home. It will be an amount comparable to EI and will last for 14 weeks for people who are ill, have to self isolate, or have to look after a family member.

Those who lose their job, and don't qualify for EI, or for those who are self employed and have to stop working because of the virus will get the Emergency Support Benefit.

Employers of small businesses will get a temporary wage subsidy - equal to 10 percent of wages paid to their employees - to help them keep their staff on the payroll.

Parents will start seeing a temporary boost in their Canada Child Benefit through the coming months.

People with a lower income will get a GST credit supplement of $300 for adults, and $150 for each child.

For businesses, Export Development Canada will help those affected by the global situation, and the government will boost Farm Credit Canada for producers.

Those who file tax returns and owe, will have until August 2020 to pay it.

Read the full announcement here: https://www.canada.ca/en/department-finance/news/2020/03/canadas-covid-19-economic-response-plan-support-for-canadians-and-businesses.html?fbclid=IwAR3V1VRP196TBs_Apd-x0gb7Bhnhy0ac1Y-2ztV-Cm1CtJ9D4nqeeYOm964

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