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Oct 15, 2020

Government of Canada Announces New Targeted Supports for Businesses

Late last week, the Government of Canada announced their intention to introduce new targeted, support to help businesses through the pandemic. The below list is a summary of intended plans to introduce legislation:
  • The new Canada Emergency Rent Subsidy for rent and mortgage support until June 2021 for qualifying organizations
  • A top-up Canada Emergency Rent Subsidy of 25% for organizations that had to temporarily shut down
  • Extension of the Canada Emergency Wage Subsidy until June 2021
  • An expanded Canada Emergency Business Account (CEBA) for not-for-profits and businesses

 

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