Canada’s COVID-19 Economic Response Plan

We are in this together. The COVID-19 crisis has led to business closures, layoffs and a struggling and fearful populous. Canada has answered these fears with the COVID-19 Economic Response Plan.

Corona virus. Virus cells or bacteria molecule. Flu, view of a virus under a microscope, infectious disease. Germs, bacteria, cell infected organism. Virus H1N1, Swine Flu. 3d Rendering.

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

Canada’s Emergency Response Benefit
Applications start April 6, 2020 via your CRA My Account

*Remember* CERB is taxed in the hands of the recipient. You will owe tax on every dollar received. No tax will be deducted or held. Mitigate the tax due in 2021 by remitting amounts to CRA during 2020.

Support for individuals

Support for individuals and families

Support for people facing unemployment

Support for people who are sick, quarantined, or in directed self-isolation

Support for people who are unable to work

Support for people who need it most

Support for seniors

Support for students and recent graduates

Support to businesses

Avoiding layoffs

Access to credit

Support for farmers

Supporting financial stability

More flexibility

Support for the air transportation sector