Measures for individuals:
Businesses:
Some basics:
This is a huge package, and Trudeau said it will be extended and increased as required. His closing remark was "In Canada, public health should never hinge on financial considerations."
Businesses:
Some basics:
- Up to $900 every two weeks (for up to 15 weeks) of income support for:
- Those directed to self-isolate who do not have paid sick leave
- Family members who need to take time off to care for the sick
- Parents who need to stay home to watch kids because of school closures
- Income benefit for self-employed people who wouldn't qualify for EI (so basically everyone in the country now qualifies)
- GST rebates boosted to help low-income familes ($300 for adults, $150 for children)
- Old Age Security bumped
- Farm Credit Canada amounts boosted for farmers
- Student loan payments frozen for 6 months (interest-free)
- Increased funding for the homeless, women's shelters, and Indigenous communities
- Government will pay for 10% of small-business payroll to encourage them to retain staff
- Pushing back tax payments to Aug 2020
- Waiving requirement of a doctor's note to claim EI for sickness
- Mortgages/loan payments can be deferred for up to 6 months
This is a huge package, and Trudeau said it will be extended and increased as required. His closing remark was "In Canada, public health should never hinge on financial considerations."