Canada to launch $25-billion aid package for workers & businesses

Prime Minister Justin Trudeau and Finance Minister Bill Morneau are expected to speak today at 10:30 a.m. about a $25-billion emergency aid fund in Canada to offer financial relief to Canadians from COVID-19. The goal of these funds is to get money into the pockets of Canadians and small businesses as soon as possible.

According to CBC, the COVID-19 aid fund in Canada will be allocated more easily using existing programs. The Canada Child tax benefit and E.I. programs will help facilitate the transfer of funds. Regarding small businesses, a major concern that will be addressed is keeping employees who are not working right now on the payroll. There is speculation that there will also be assistance for self-employed and part-time workers who would not normally qualify for E.I. The government of Canada will also likely announce a tax season extension.

Stay tuned for more details later today when Prime Minister Justin Trudeau speaks at 10:30 a.m. and Bill Morneau speaks at 11:15 a.m.

For official info from the Government of Canada on Coronavirus / COVID-19 and Quebec hospitals, please click here. 

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About Cult MTL

Cult MTL is a daily web and monthly print publication focusing on Montreal music, arts, culture and city life. Along with interviewing local and visiting artists, promoters and entrepreneurs, we feature analysis and criticism by our editorial staff and crew of columnists and freelancers, compile comprehensive event listings, curate a daily To-Do List and run the annual Best of MTL readers poll.