Canadian Support to Businesses

SUMMARY: 
The government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak.

Here's a summary of what the Canadian government is doing to support businesses:

Avoiding layoffs

  • Extending the Work-Sharing Program
  • The Canada Emergency Wage Subsidy

 Access to credit

  • Establishing a Business Credit Availability Program

Supporting financial stability

  • Launching an Insured Mortgage Purchase Program
  • Bank of Canada actions
  • Lowering the Domestic Stability Buffer

More flexibility

  • More time to pay income taxes
  • Deferral of sales tax remittance and customs duty payments

Support for the air transportation sector

  • Waiving ground lease rents

For more information on the Canadian support for businesses, click here.

AEA COMMENTARY:
The AEA team is actively researching and identifying resources to support the membership, their business and their employees. More information can be found on the AEA COVID-19 resource page available to all members.

FOR MORE INFORMATION:
Contact Ric Peri, AEA vice president of government and industry affairs, by email at ricp@aea.net or by phone at 202-589-1144.

Regulatory