COVID-19 Federal Resources & Updates

The information below is taken from the Government of Canada website

Resources for Canadian businesses: COVID-19

The Government of Canada is taking strong action to help Canadian businesses as COVID-19 is affecting them, their employees and their families.

Government introduces Canada Emergency Response Benefit to help workers and businesses.

(1) Support for Employees

The Canadian Government has introduced the following policies:

(2) Support for Businesses

The Canadian Government has introduced the following policies:

Canada’s coordinated approach to supporting the economy and the financial sector includes the Governor of the Bank of Canada cutting the interest rate to 0.75% and the Superintendent of Financial Institutions announcing an additional $300 billion in lending capacity by the major banks.

To further support businesses and their employees, the Government has announced: