We are currently living in a challenging time, trying our best to fight and stop the spread of COVID-19.
This is a global challenge that together we will overcome soon. There is a financial pressure involved commensurate with this challenging virus, that affects us now and will continue in the near future.
The Canadian government responded quickly with an emergency economic plan in order to help Canadians: individuals and businesses during this difficult time. The details about this plan can be found in the link below.
Canada's Economic Response plan for individuals
Canada's Economic Response plan for businesses
The CERB supports Canadians by providing financial support to employed and self-employed Canadians who are directly affected by COVID-19. More details can be found in the link below.
Canada Emergency Response Benefit (CERB) application
The Government of Canada helps employers facing hardship as a result of the COVID-19 outbreak, through two different programs: Canada Emergency Wage Subsidy (CEWS 75%) and TWS (Temporary Wage Subsidy 10%). Businesses that does not qualify for the new elected program CEWS (where a rate of 75 per cent of the first $58,700 normally earned by employees is applied), can apply for the original 10% subsidy program TWS. More details can be found in the links below:
Temporary Wage Subsidy (TWS)
Canada Emergency Wage Subsidy (CEWS)