Prime Minister shares COVID-19 economic response plan to support Canadians
By Canadian PizzaCOVID-19 Updates News Business and Operations Finance Health & Safety COVID-19 COVID-19 updates
Ottawa – The Canadian government has laid out a detailed economic plan to help Canadians – and Canadian businesses – facing hardship as a result of the COVID-19 outbreak.
In a live-streamed press conference, Prime Minister Justin Trudeau announced new economic measures to help stabilize the economy during this challenging period. These measures, delivered as part of Canada’s COVID-19 Economic Response Plan, will provide up to $27 billion in direct support to Canadian workers and businesses.
Several of those measures are aimed at helping small businesses, including:
- Emergency Care Benefit to help workers who are ill, quarantined, self-isolating or caring for someone else who is ill.
- Emergency Support Benefit for those who lose their job as a result of the health situation or are self-employed and forced to close up shop.
- Temporary wage subsidy for three months to support businesses facing revenue losses and to help prevent lay-offs.
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