Wage subsidy available
- We Conservatives pushed for more support for workers and now businesses in need will receive a wage subsidy equal to 75% of wages paid during the emergency period. That’s up from the original 10% the government proposed.
- Working Capital Loan and the Business Credit Availability Program (BCAP) available through the Business Development Bank and and Export Development Canada (EDC).to help support entrepreneurs during the crisis.
- Deferral of Sales Tax remittance and customs duty to June 30, 2020. This is applicable to businesses, including self-employed individuals, on the GST/HST as well as customs duties owing on their imports.
Support for farmers
- Increasing Farm Credit Canada by an additional $5 billion in lending capacity to farmers and food processors. This will help them bridge cashflow issues during this emergency.
Learn more here.