CANADA's COVID-19 Economic Response Plan

The Government of Canada is taking strong and quick action to protect our economy,

and the health, safety, and jobs of all Canadians during the global COVID-19 outbreak.

 

Support for businesses

Avoiding layoffs                      

• Extending the Work-Sharing program
• Providing small business with wage subsidies

Access to credit

• Establishing a Business Credit Availability Program

Support for farmers

• Increasing credit available

Supporting financial stability

• Launching an Insured Mortgage Purchase Program
• Bank of Canada actions
• Lowering the Domestic Stability Buffer

More flexibility

• More time to pay income taxes
• Deferral of Sales Tax Remittance and Customs Duty Payments

For further more detailed information, please click here.