During the Federal Economic Update, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, released Supporting Canadians and Fighting COVID-19: Fall Economic Statement 2020. This plan will continue to protect Canadians’ health, jobs and the economy. However, many businesses continue to face significant challenges as Canadians limit physical contacts and employment gains have been slower for women, young people, racialized Canadians and lower income workers. The coming months will be difficult and ongoing fiscal support will remain necessary deep into 2021 in order to protect jobs and prevent widespread permanent losses in our economy.
Click on this link Chapter 2 | FES 2020 (budget.gc.ca) to gain information on upcoming changes to the
Canada Emergency Wage Subsidy
Enhancements to Employment Insurance
Canada Recovery Benefits
The Canada Emergency Rent Subsidy
The Canada Emergency Business Account
Regional Relief and Recovery Fund…additional $170 million for the Atlantic Canada Opportunities Agency
Support for Tourism and Hospitality
Support for the Air Sector
