On Monday, the Government of Canada introduced Bill C-9, which would implement new supports for Canadian businesses.
• The new Canada Emergency Rent Subsidy, which would provide direct and easy-to-access rent and mortgage interest support to tenants and property owners until June 2021 for qualifying organizations affected by COVID-19.
• The new Lockdown Support, which would provide an additional 25 percent through the Canada Emergency Rent Subsidy for qualifying organizations that are subject to a lockdown and must shut their doors or significantly limit their activities under a public health order issued under the laws of Canada, a province or territory (including orders made by a municipality or regional health authority under one of those laws).
• The extension of the Canada Emergency Wage Subsidy until June 2021, which would continue to protect jobs by helping employers keep employees on the payroll and re-hire their workers. The wage subsidy would remain at the current rate of up to 65 percent of eligible wages until December 19, 2020.
These supports will be debated in Parliament in the coming days. For more information on the Federal Government’s economic response, click here.