Prime Minister Justin Trudeau on Wednesday announced additional economic measures to help Canadians affected by the novel coronavirus pandemic.
Trudeau said the government will spend up to $82 billion, including $27 billion in direct support for Canadian workers and businesses.
“These are extraordinary times, our government is taking extraordinary measures,” Trudeau said. “The measures we’re announcing today will provide up to $27 billion dollars in direct support to Canadian workers and businesses, plus $55 billion to meet liquidity needs of Canadian businesses and households through tax deferrals to help stabilize the economy.”
Trudeau said combined, the $82 billion in support represents more than three per cent of Canada’s GDP.
He said the economic measures will ensure that Canada’s economy rebounds after the pandemic.
“While we are taking a significant step today to help families get through these challenging times, our government is prepared to do more,” he said.
Here’s what the government has announced:
Sickness benefits beyond EI
For Canadians without paid sick leave or access to Employment Insurance sicknewss benefits, the government is introducing a new Emergency Care Benefit that will provide up to $900 bi-weekly for up to 15 weeks. The benefit, which the government estimates could cost up to $10 billion, is for worker who must self-isolate, those who are caring for a family member sick with COVID-19 and parents who are unable to earn income while schools are closed as a result of childcare duties.
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