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Canada’s COVID-19 Economic Response Plan

Friday, March 20th, 2020

Canada’s COVID-19 Economic Response Plan: Support for Canadians and Businesses

Backgrounder

The Government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak.

On March 18, 2020, the Prime Minister announced a new set of economic measures to help stabilize the economy during this challenging period. These measures, delivered as part of the Government of Canada’s COVID-19 Economic Response Plan, will provide up to $27 billion in direct support to Canadian workers and businesses.

Support for Canadians

  Income Support for Individuals Who Need it Most

  Flexibility for Taxpayers

  Mortgage Default Management Tools

  Role of Financial Institutions

 

Support for Businesses

  Supporting Canadian Businesses Through the Canada Account

  Helping Businesses Keep Their Workers

  Flexibility for Businesses Filing Taxes

  Ensuring Businesses have Access to Credit

  Supporting Financial Market Liquidity

 

Economic Response Plan – Cost and Implementation

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