Fiscal policy to support household and businesses

Government of Canada:

• Increase Canada Child Benefit for the 2019-20 benefit year

• Paid one-time enhanced goods and services tax credit

• Introduced Canada Emergency Response Benefit and Indigenous Community Support Fund

• Launched Canada Emergency Business Account

• Introduced Canada Emergency Wage Subsidy

• Extended maximum duration of Work-Sharing program

• Established Business Credit Availability Program through the Business Development Bank of Canada and Export Development Canada

• Increased lending capacity for Farm Credit Canada

• Deferred business and personal income tax payments (until September 1, 2020) and sales tax remittance and customs duty payments (until June 30, 2020)

• Reduced minimum withdrawals for registered retirement income funds

• Implemented temporary enhancements to the Canada Summer Jobs Program

• Established a six-month interest-free moratorium on repayment of National Student Loans Provincial, territorial and municipal governments:

• Implemented transfers, rebated and subsidies to businesses, households and community organizations

• Deferred taxes and student loan payments and interest