Feds Announce Benefits For Laid Off Or Sick Workers
The federal government will provide $27 billion of direct support to people and businesses across Canada to aid them financially with the novel coronavirus pandemic.
Finance Minister Bill Morneau says “Our government is prepared to do whatever it takes to keep our economy strong and stable. Whatever it takes.”
“We will provide $27 billion of direct support to people and businesses. On top of this we will defer $55 billion of tax revenue, leaving that money in the economy,” he said.
The gov’t announced a new emergency care benefit that will pay people $450 a week if they are unable to work because of the virus even if you don’t qualify for ei.
“This benefit will provide income support of $900 every two weeks for up to 15 weeks,” he said.
Canadians can apply for the benefit online and can receive payment via direct deposit. The benefit will be available starting in early April.
Emergency support was announced for any worker who loses their job and does not qualify for employment insurance.
Morneau said the government would also be providing a GST credit, and an increase to the Canada child care benefit up to $1500 per month.