Canada’s COVID-19 Economic Response Plan: Support for Canadians and Businesses
The Government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak.
On March 18, 2020, the Prime Minister announced a new set of economic measures to help stabilize the economy during this challenging period. These measures, delivered as part of the Government of Canada’s COVID-19 Economic Response Plan, will provide up to $27 billion in direct support to Canadian workers and businesses.
Support for Canadians
Income Support for Individuals Who Need it Most
Flexibility for Taxpayers
Mortgage Default Management Tools
Role of Financial Institutions
Support for Businesses
Supporting Canadian Businesses Through the Canada Account
Helping Businesses Keep Their Workers
Flexibility for Businesses Filing Taxes
Ensuring Businesses have Access to Credit
Supporting Financial Market Liquidity
Economic Response Plan – Cost and Implementation