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Are you looking for support during the COVID-19?

4/14/2020

2 Comments

 

The government of Canada has created various programs to support Canadians and business facing the effects of the COVID-19. The programs are divided in 3 sectors: Individuals, Business and Industries

There are programs to support individuals and families, who are facing cuts or totally loss of income, as well as special sectors of the public:
  • Increasing the Canada Child Benefit
  • Special GST credit payment
  • deferral on tax payments
  • Support on mortgage payments
  • Canada Emergency Response Benefit (CERB)
  • Indigenous Community Support Fund
  • Supporting Preparedness in First Nations and Inuit Communities
  • Improving access to essential food support
  • Enhancing the Reaching Home Initiative
  • Youth support: mental health.
  • Reduced minimum withdrawals for Registered Retirement Income Funds
  • Supporting the delivery if items and personal outreach
  • Immediate and essential services through the New horizons for Seniors Program
  • Suspended repayment and interest on Canada Student Loans and Canada Apprentice Loans
  • Temporary Changes to Canada Summer Jobs programs.

To support business the government is focusing on:
  • Avoiding layoffs and rehiring employees
  • Deferred payments
  • Access to Credit
  • Supporting Financial Stability
  • Supporting self-employed individuals

For special details on each program I'm sharing with you the CFIB reports and FAQ that covers all these aspects in a really detailed and easy to read way: https://www.cfib-fcei.ca/en/small-business-resources-dealing-covid-19

Related to industries, the programs are focusing on:
  • Increasing credit available for agriculture, fisheries and aquaculture
  • support for airports
  • support for broadcasters.
These is merely a summary of all the programs available to you, your family and your business. Check the official website for details on each program: https://www.canada.ca/en/department-finance/economic-response-plan.html

Photo by Nathaniel Bowman on Unsplash
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2 Comments
Lenexa Packing Service link
8/30/2022 02:10:07 am

Greatt blog post

Reply
Matchmaker West Covina link
5/26/2025 09:03:36 am

This comprehensive list of government assistance programs provides much needed relief during these challenging times.

Reply



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    Author

    Dayani Castro, was born in Cuba, and is a proud Canadian citizen speciaize in Bookkeeping, Consulting and Small Business Taxes.

    In her own words: "I am from Cuba, moved to Canada 10 years ago with my daughter and we love it here. Won't go into politics but I took the decision to up-root my family to find better opportunities for my daughter to become a powerful and an independent woman. I open my bookkeeping and tax business 5 years ago, and love helping immigrants - specially women - navigate the process of creating and growing their business. As a single mom, immigrant an entrepreneur I recognize the importance of a supporting and loyal community when you need to start from Zero and build your dreams in your new country."

    Dayani's vision is to help as many immigrants as possible to create thriving business, giving them the opportunity to be independent, give back to the society and create new jobs.

    IMPORTANT: this blog is for informational and educational purposes only. 

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