Canada's COVID-19 Economic Response Plan
Help for individuals and businesses during the COVID-19 crisis.
The Government of Canada has announced an emergency care package to help individuals and businesses during the current COVID-19 situation.
Access financial support
Find financial help during COVID-19 is the Government of Canada's new online tool. Answer a few questions and you'll be given a personalized list of available financial benefits.
Canada Emergency Response Benefit (CERB)
Offers financial support eligible Canadians who are directly affected by COVID-19. This will provide a payment of $2,000 a month for up to 24 weeks. To find out if you're eligible and how to apply, visit Canada Emergency Response Benefit (CERB).
Temporary salary top-up
A wage top-up for low-income essential workers, in partnership with the Ontario government, is being confirmed.
Improved access to Employment Insurance Sickness Benefits
The requirement to provide a medical certificate to access Employment Insurance Sickness Benefits has been waived.
Boosting the Canada Child Benefit (CCB)
- Additional benefits will be provided for parents.
- Families who qualify will receive up to $300 per child as part of their May payment.
Learn more about the CCB payment increase.
Boosting the Goods and Services Tax Credit (GSTC)
- Providing 1-time special payment beginning April 9 through the Goods and Services Tax credit (GSTC).
- Adults who qualify for the GST Credit will receive up to $400 for singles and $600 for couples.
There is no need to apply for this payment. If you are eligible, you will get it automatically.
Additional government supports include launching the Canada Student Service Grant (CSSG), making changes to the Canada Student Loans Program, support for student researchers and employment initiatives for both domestic and international students.
A full list of programs and details for youth, post-secondary students and recent graduates is available on the government's webpage.
Funding for Kids Help Phone to provide young people with the mental health support they need during this difficult time.
The Wellness Together Canada portal connects Canadians to free online resources and information to help address mental health and substance use.
- Reducing the required minimum withdrawals from Registered Retirement Income Funds (RRIFs) by 25% for 2020.
- Funding local organizations, through United Way Canada, to support essential practical services to Canadian seniors including groceries and medications deliveries.
- Providing a 1-time tax-free payment of $300 for seniors eligible for Old Age Security (OAS) and an additional $200 for seniors eligible for the Guaranteed Income Supplement (GIS). No additional application is required for these benefits. Payments will be issued during the week of July 6, 2020.
Addressing immediate needs in First Nations, Inuit, and Métis Nation communities through a new Indigenous Community Support Fund
Providing $100 million to support a range of health measures from the Canadian government..
Home-owners with mortgages
- Can receive up to 6 months deferral on mortgage loans. Contact your bank for eligibility.
- The Canada Mortgage and Housing Corporation and other mortgage insurers offer tools to lenders that can assist homeowners. Learn more about mortgage deferral during COVID-19.
Tax filing deadline
- Extended to June 1, 2020 (from April 30).
- If you've filed your taxes and owe money, the period to pay has been extended until August 31, 2020.
Access support for your business
Find COVID-19 support and other programs and services by access the Government of Canada's support for your business online tool.
Extending the Work-Sharing program
The Work-Sharing program has been extended from 38 weeks to 76 weeks. The program is offered to workers who agree to reduce their normal working hours because of developments beyond the control of their employers.
Canada Emergency Wage Subsidy
Provides a 75% wage subsidy to eligible employers for up to 12 weeks, retroactive to March 15 to August 29, 2020. Learn more about the Canada Emergency Wage Subsidy.
Organizations can also review the 10% Temporary Wage Subsidy for employers.
Business Credit Availability Program
A Business Credit Availability Program (BCAP) has been created to provide more than $10 billion of additional support, largely targeted to small and medium-sized businesses.
Canada Emergency Business Account
Provides interest-free loans of up to $40,000 to small businesses and not-for-profits, to help cover their operating costs during a period where their revenues have been temporarily reduced. Learn more about the Canada Emergency Business Account.
Canada Emergency Commercial Rent Assistance (CECRA)
Providing forgivable loans for covering 50% of rent payments for the months of April, May, June, and July to qualifying commercial property owners who forgo or lower the rent by at least 75%. CECRA is in partnership with the provincial government as the Ontario-Canada Emergency Commercial Rent Assistance Program (OECRA).
Large Employer Emergency Financing Facility (LEEFF)
LEEFF will provide bridge financing to eligible large employers with annual revenues of $300 million or higher, whose needs are not being met through conventional financing.
Small and medium-sized businesses
The Regional Relief and Recovery Fund will be providing financing support to small and medium-sized businesses in key sectors such as manufacturing and technology, that are unable to access other COVID-19 business supports.
Industrial Research and Assistance Program (IRAP)
Provide a wage subsidy to innovators that do not qualify for the Canada Emergency Wage Subsidy. Learn more about IRAP.
Futurepreneur Canada provides its young entrepreneur clients with up to 12 months in payment relief.
Increasing lending capacity to producers, agribusinesses, and food processors through Farm Credit Canada.
Deferral of sales tax and customs duty payments
Deferring the payments of the Goods and Services Tax/Harmonized Sales Tax (GST/HST) as well as customs duties owing on their imports, until June 30, 2020.
Income tax deadline extended
Allowing all businesses to defer until after August 31, the payment of any income tax amounts owing between March 18 and September 20, 2020.
Need for Canadian manufacturers
The Canadian government has published call to action on buyandsell.gc.ca encouraging Canadian manufacturers to assist the need for medical supplies.