COVID-19 Economic Response Plan
The federal government has enacted several measures aimed at stabilizing the economy as a result of COVID-19. Below is a summary of Canada’s COVID-19 Economic Response Plan, reflecting key measures announced as of October 15, 2020.
All attempts have been made to include the most relevant information impacting individuals and businesses, including those announced since our last update such as replacement of the Canada Emergency Response Benefit (CERB) with an expanded and more flexible Employment Insurance (EI) regime as of September 27, 2020, the introduction of three new benefits, the Canada Recovery Benefit, Canada Recovery Sickness Benefit and Canada Recovery Caregiving Benefit for those who are not eligible for EI, the extension of the Canada Emergency Wage Subsidy, an expanded Canada Emergency Business Account and the new Canada Emergency Rent Subsidy.
As always, if you have questions, we are here to help.