Today, the Government of Canada announced measures (1st phase) to help Canadians workers and businesses struggling during the ongoing COVID-19 pandemic. The Government has announced $82 billion in support (roughly 3% of our GDP). $27.4 billion will be in direct payments to Canadians and businesses, and $55 billion as tax payment deferrals. These measures are to make sure “no one is left behind” and to “persevere the viability” of our economy. Again, this is the first measure and there will be more to come.
Covid19 Memo #3 Office closure March 2020 page 2