On March 18, 2020, the Federal government announced its Economic Response Plan in response to the COVID-19 pandemic. A total of $27 Billion has been allocated to Canadian businesses and their workers to provide help.
Here are some highlights:
- To help businesses keep their employees, the Trudeau government is implementing a subsidy offering up to $1,375 per employee and $25,000 per employer;
- The Canada Revenue Agency (CRA) will allow businesses to defer payment of income tax until August 31, 2020;
- The Business Development Bank of Canada (BDC) and Export Development Canada (EDC) will manage the Business Credit Program where more than $10 Billion in additional support will go largely to small and medium-sized businesses.
- The CRA will allow workers to postpone the deadline for the remittal of their tax returns to June 1, 2020;
- Implementation of the Emergency Care Allowance which represents up to $900 every two weeks for a total period of 15 weeks;
- Introduction of an emergency support allowance of up to $5 Billion for workers who are not eligible for employment insurance and who are unemployed;
- Enhancement of the Canada Child Benefit;
- GST credit for taxpayers.
To find out more, click here.
For Chamber members that benefit from the Chambers of Commerce Group Insurance Plan do not hesitate to consult the list of health professionals available to you. In this time of crisis, several healthcare professionals are offering online consultations.
If you do not have any insurance coverage and would like to find out more, please click here.
You can also now call the new West Island of Montreal CIUSSS telephone line if you have questions / symptoms related to COVID-19. Their virus testing clinic is located in Beaconsfield on Elm Avenue. You must call 1 877 644-4545 to make an appointment before going to the clinic.
If you are not sure whether you have COVID-19, you may want to consult this Self-Diagnostic Guide as a first step.
L’Ordre des conseillers en ressources humaines agréés has created a comprehensive guide listing their recommendations for issues pertaining to Human Resources in times of crisis. Click here to access it.