Employers looking for help should visit Canada.ca and go to the COVID-19 page.
Today’s announcement addressed the Canadian Emergency Commercial Rent Assistance program will provide forgivable loans to help reduce rent by 75%. The government will cover 50%, landlords should cover 25%, and tenants should cover the remaining 25%. The portal will launch on May 25 at CMHC.ca. The government’s COVID-19 page has the eligibility criteria so that landlords can apply quickly once the portal is live. This program depends entirely on a landlord’s participation.
The Large Business Loan Program is now open for applications, for companies with annual revenues of $300M or more. This is NOT a bailout but rather a loan program for businesses with no other available options; the federal government is to be considered the “lenders of last resort.” The application must come with a plan for climate change and must show responsible payment of taxes. Visit cdev.gc.ca for more information.
From the Q&A
On the opening of parliament, Trudeau continues insisting that the current pattern of meeting continues: Once a week in person, and twice a week virtually. (The Conservative party wants to increase the number of in-person meetings and reduce or eliminate virtual meetings. Read the Conservative’s argument here.)
Physical distancing is still the best way to avoid the virus. Where distancing is not possible, a cloth or non-medical mask can be helpful. An announcement from Health Canada will be issued later today. Trudeau himself has opted for wearing a mask himself when he is walking through parliamentary buildings. Once seated in the house, he will remove his mask to engage in debate (they still insist on calling it that).
COVID-19 has resulted in profound changes across the country. The Bloc Québécois wants to come back earlier (ie, take a shorter summer break). This is still being worked out.
Donald Trump is talking about an in-person G7 meeting. Trudeau, as he does with anything involving Trump, danced around the question with platitudes a plenty for the American administration (for good cause, they are our more powerful neighbour). It’s an “interesting idea,” and “we look forward to having those discussions with our American hosts.”
Trudeau noted that the pandemic has shown people that many can work from home, and he noted that the post-pandemic world may see a larger vacancy in commercial buildings. For now, his hope is that building owners and landlords take advantage of the supports being made available by the federal government. When asked about by-passing the landlords and instead giving the funds directly to business owners (to ensure they get that break), Trudeau said that landlords must be a critical part of the conversation and the solution.
In opening up the Canadian economy, Trudeau noted that we need to ensure we are not importing the virus. The opening of the borders will be cautious.
The Liberals as a party has long been concerned about the shortage of available childcare spaces across the country. This has been a part of their platforms for the past few elections. They are committed to working with the provinces to address this. No more details were provided.
- COVID-19: Daily Statistical update (10 new cases), May 23, 2020
- COVID-19: Daily Statistical update (18 new cases), May 22, 2020
- COVID-19: Daily Statistical update (12 new cases), May 21, 2020
- COVID-19: Daily Statistical update (21 new cases), May 20, 2020
- COVID-19 Daily federal address notes the large commercial rent portal opens May 25
- COVID-19: Daily Statistical update (2 new cases), May 19, 2020
- COVID-19: Daily federal update sees border agreement continue, business loan eligibility expanded
- COVID-19: Daily Statistical update (16 new cases), May 18, 2020
- COVID-19: Daily Statistical update (21 new cases), May 16, 2020
- COVID-19: Daily Statistical update (15 new cases), May 15, 2020
- Prime Minister announces support for research staff in Canada
- COVID-19: May 15 Daily federal address – Wage Subsidy program continue through August
- COVID-19: Daily Statistical update (15 new cases), May 14, 2020
- Government of Canada announces new measures to support Canada’s fish harvesters
- COVID-19: Daily Statistical update (16 new cases), May 12, 2020
- State of emergency continues, BC to clean orphaned and decommissioned wells
- COVID-19: Daily federal update – Canada has an approved antibody test, student funding applications opens on Friday
- OPINION: Our B.C. testing strategy for COVID-19: adapting to our pandemic – Dr. Bonnie Henry
- COVID-19: Daily Statistical update (7 new cases), May 12, 2020
- COVID-19: Daily federal update, May 12 2020
- COVID-19: Daily Statistical update (23 new cases over 48 hours), May 11, 2020
- COVID-19: Daily update, Federal Gov to be “lender of last resort” for large companies, May 11, 2020
- Canada announces additional loans support for large employers
- COVID-19: Daily Statistical update (15 new cases), May 9, 2020
- COVID-19: Daily Statistical update (29 new cases), May 8, 2020
- COVID-19: Daily federal address extends Wage Subsidy program, May 8, 2020
- COVID-19: Daily Statistical update (33 new cases), May 7, 2020
- COVID-19: BC announces plan for phased re-opening of the economy (plus Daily update 23 new cases)
- COVID-19: Daily Statistical update (8 new cases), May 5, 2020
- COVID-19: Provincial Modelling Update, May 4