Are you looking for support during the COVID-19?

4/14/2020

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

1 Comment

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8/29/2022 11:10:07 pm

Greatt blog post

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.