Canada’s COVID-19 Economic Response Plan

Support for individuals

Support for individuals and families

  • Increasing the Canada Child Benefit
  • Special Goods and Services Tax credit payment
  • Extra time to file income tax returns
  • Mortgage support

Support for people facing unemployment

  • The new Canada Emergency Response Benefit (CERB)
  • Apply for Employment Insurance

Support for people who are sick, quarantined, or in directed self-isolation

  • The new Canada Emergency Response Benefit (CERB)
  • Improved access to Employment Insurance sickness benefits

Support for people who are unable to work

  • The new Canada Emergency Response Benefit (CERB)

Support for people who need it most

  • A new Indigenous Community Support Fund
  • Enhancing the Reaching Home initiative
  • Support for women’s shelters and sexual assault centres

Support for seniors

  • Reduced minimum withdrawals for Registered Retirement Income Funds
  • Practical services: delivery of items and personal outreach

Support for students and recent graduates

  • A moratorium on the repayment of Canada Student Loans

Support for youth

  • Mental health support

Support for businesses

Avoiding layoffs

  • Extending the Work-Sharing program
  • The Canada Emergency Wage Subsidy

Access to credit

  • Establishing a Business Credit Availability Program
  • Canada Emergency Business Account

Supporting financial stability

  • Launching an Insured Mortgage Purchase Program
  • Bank of Canada actions
  • Lowering the Domestic Stability Buffer

More flexibility

  • More time to pay income taxes
  • Deferral of Sales Tax Remittance and Customs Duty Payments

Support for industries

Support for farmers

  • Increasing credit available

Support for the air transportation sector

  • Waiving ground lease rents

Related links