Canadian Government financial stimulus packages for workers and business

The Prime Minister addressed the nation to announce major fiscal stimulus package designed to provide financial assurances to those citizens and businesses being directly impacted the covid-19 pandemic.

Temporary Income Support for Workers and Parents – Employment Insurance

Emergency care benefits for those who need to stay home due to illness Details here

Emergency care benefits for those who need to stay home due to illness Details here

Business support highlights

Temporary withholding tax subsidy of 10% for small businesses employers, up to $25,000. Details here

Tax highlights

Tax filing deadline for individuals extended until June 1 Details here

New tax payments owing deferred until Aug 1 Details here

Additional Government Initiatives

Boosting the GST credit and Canada Child Benefit payments Details here

Moratorium on student loan repayments Details here

Leave a Reply

Your email address will not be published. Required fields are marked *