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COVID-19: Does your Canadian business qualify for subsidy

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The government of Canada has released information on their website for business owners to see if they qualify for subsidy due to the COVID-19 virus.

There is a more detailed breakdown on the Canadian Revenues website who is eligable and how the government is planning on implementing aid.

Canadian Government support for businesses due to COVID-19

Canada’s strong fiscal position means we are well positioned to respond to challenges such as COVID-19.

Canada’s coordinated approach to supporting the economy and the financial sector includes the Governor of the Bank of Canada cutting the interest rate to 0.75% and the Superintendent of Financial Institutions announcing an additional $300 billion in lending capacity by the major banks.

No employer should feel like they have to lay off a worker in the face of COVID-19. To further support businesses and their employees, the Government has announced:

More can be seen at canada.ca

Other articles from mtltimes.ca and totimes.ca

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