If you stopped working because of COVID-19, the Canada Emergency Response Benefit (CERB) may provide you with temporary income support.
The CERB provides $500 a week ($2000/month) for up to 16 weeks. The benefit is available from March 15, 2020, to October 3, 2020. You can apply no later than December 2, 2020.
The new Canada Emergency Wage Subsidy was introduced by the Government of Canada as a way to keep Canadian businesses working and enable them to continue to employ Canadian workers. This wage subsidy is in addition to the 10% wage subsidy previously introduced and will provide a 75% wage subsidy to eligible employers for up to 12 weeks, retroactive to March 15, 2020.
This FAQ from the Canada Revenue Agency website provides details on the Temporary Wage Subsidy for Employers, who can qualify, how to remit, and the limitations of the subsidy. This information was taken from the Canada Revenue Agency website.
On March 18, 2020 the Canadian government announced its economic response plan for COVID-19. Support is offered for both individuals and business. Details of the plan will be summarized here. For more detailed information, please visit the Government of Canada COVID-19 Economic Response page.
