Announced by the Government of Canada on March 27. Original article posted April 9, 2020. Updated with new information as it arises.
This past week has given us some clarification on the commercial rent relief for small businesses. The Government of Canada has put in place forgivable loans to eligible commercial property owners, enabling them to reduce the rent owed by their small business tenants by at least 75% for April, May and June.
Post-secondary students and recent graduates are now eligible for the Canada Emergency Student Benefit (CESB) – a benefit of $1,250/month from May to August 2020. This benefit is increased to $1,750 for people with disabilities or caring for others. Recipients are eligible to earn up to $1,000/month while receiving this benefit.
Original article posted April 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.
Original article published April 3, 2020. Updated regularly as new information arises.
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.
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.