Parliament has passed the new COVID-19 Emergency Response Act, ensuring that Canada has the tools and flexibility to respond quickly to these emerging challenges.
This includes the new Canada Emergency Response Benefit, which will provide $2000 a month for the next 4 months to workers who lose their income as a result of COVID-19.
The measures outlined in the Act will provide immediate help to the Canadian workers, businesses, and families that need it most, including:
Canada’s COVID-19 Emergency Response Plan
- Direct payment to support low- and modest-income families
- Helping seniors access retirement savings by reducing minimum withdrawals from RRIFs by 25%
- Up to $300 more per child for parents through the Canada Child Benefit
- $2,000/month for Canadians who lose income due to COVI D-19 through the Canada Emergency Response Benefit
- Temporary wage subsidy for small employers to help keep employees on the payroll
- Prevent shortages of patented drugs or medical devices
- Pause repayments of Canada Student Loans for six months
- $500 million to support provinces and territories in dealing with COVID-19
- Support businesses as necessary through EDC, BOC and Farm Credit Canada
- Giving more financial space to Canadians and Canadian businesses by deferring tax payments
- Protect Canadians’ homes by strengthening the mortgage financing market
Additional Resources can be found at: https://bit.ly/33KdhTN
During this pandemic CHS staff is working from home so if you need anything please give us a call.
Bernadette Iahtail: (cell) 780-934-4961
Cheryl Petherbridge: (cell) 587-590-4246 or (work) 780-934-9822
Original Posting Date: March, 31st 2020
