COVID-19 Economic Response Plan – Legislative Update – March 25, 2020
In the early morning hours of March 25, 2020, Bill C-13 “An Act respecting certain measures in response to COVID-19“ was introduced, and received Royal Assent by the afternoon.
To support workers and help businesses keep their employees, the government has proposed legislation to establish the Canada Emergency Response Benefit (CERB). This taxable benefit would provide $2,000 a month for up to four months for workers who lose their income as a result of the COVID-19 pandemic. The CERB would be a simpler and more accessible combination of the previously announced Emergency Care Benefit and Emergency Support Benefit.
The Notice of Ways and Means Motion provided good news that proprietorships and partnerships that have employees can also obtain relief from the Temporary Wage Subsidy Program.
The announcements have been forthcoming on a regular basis, so you may want to see a summary of all the available support for individuals and support for businesses all on one page – Canada’s COVID-19 Economic Response Plan. For further details and application processes we direct you to the following link.
We recognize that these are challenging and unprecedented times. We value our clients and hope that you stay safe and healthy.
Associated links
- Notice of Ways and Means Motion
- Canada’s COVID-19 Economic Response Plan
- Prime Minister announces more support for workers and businesses through Canada’s COVID-19 Economic Response Plan
- Prime Minister outlines Canada’s COVID-19 response
- Government of Canada takes action on COVID-19
- Canada outlines measures to support the economy and the financial sector
