hockeylover
Well-known member
It’s the right move.
Curious, is Canada doing any sort of stimulus like the US?
According to the fed gov't website, this is what they've done...
- Temporary salary top up for low income essential workers
- Extra $300 per child for Canada Child Benefit
- One time special payment of Goods and Services Tax for low and modest income families ($400 for singles, $600 for couples)
- Extra time for income tax returns
- Permitting lenders to defer up to six months monthly mortgage payments
- Canada Emergency Response Benefit (CERB) $2000 per month every 4 weeks for 16 weeks
- $100 million to food banks, Breakfast Club of Canada, etc
- $157.5 million to homeless shelters
- $50 million to women's shelters/domestic violence/sexual assault centres
- $350 million to charities/non-profits for vulnerable Canadians
- $9 million to United Way
- Canada Emergency Student Benefit -- $1250 per month for students through the summer, $1750 per
month for students with disabilities
- doubling Canada Student Grants for students in 2020-2021
- suspend all student loan repayments for 6 months
-7.5 million to Kids Help Phone
- Canada Emergency Wage Subsidy - covers 75% of employees wages for employers of all sizes
who've seen a reduction in revenues of at least 15% for 12 weeks
- Temporary 10% wage subsidy for 3 months for some eligible businesses
- $50 million for agriculture/food supply chain
- $1,500 for each temporary foreign worker re agriculture
- Additional $5 billion in lending to food processors/agribusinesses
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No idea how it's actually working for people or if its enough. Count myself as extremely fortunate that I'm still employed and being paid.