MP Terry Sheehan participated in Thursday’s business conference call hosted by the City of Sault Ste. Marie, assuring local business owners that the Government of Canada is taking immediate, significant and decisive action to support Canadians and businesses facing hardship as the result of the global COVID-19 pandemic.
Sheehan informed businesses of new support programs for their companies and their employees designed to mitigate the impact of the corona virus, in particular the new Canadian Emergency Response Benefit (CERB) program, the details of which were announced this week. Canadians will be able to begin to apply for that benefit as of Monday, April 6. For more details and how to apply visit https://www.canada.ca/en/services/benefits/ei/cerb-application.html
MP Sheehan highlighted various other new federal government initiatives being introduced to address the financial impact of the COVID-19 pandemic on Canadian businesses and workers.
“Our Government is taking immediate and decisive action to help Canadians and businesses through this challenging time,” MP Sheehan said.
Canada’s COVID-19 Economic Response Plan is helping Communities, Canadian employers, and supporting people.
• $2,000 a month for up to 4 months to eligible workers<https://www.canada.ca/en/services/benefits/ei/cerb-application.html> who have lost their income due to COVID-19.
• Offering a 75 per cent wage subsidy for qualifying employers, up to three months, retroactive to March 15, 2020;
• Deferment of GST/HST payments, and income taxes;
• Providing interest-free loans through the Canada Emergency Business Account;
• Offering $40B worth of guaranteed loans through BDC/EDC to help cover operational costs
• Expanding the EI work-sharing program to help keep people on payroll.
For details on these programs and many more supports for people and businesses please visit: https://www.canada.ca/en/department-finance/economic-response-plan.html
“I am heartened to see local business leaders joining forces with leaders from all levels of government to support those who are facing unexpected financial hardship caused by the COVID-19 pandemic. I am especially comforted by the introduction of the CERB program, which will quickly provide financial support to many of our friends and neighbours.” said, –Terry Sheehan, Member of Parliament for Sault Ste. Marie and Parliamentary Secretary to the Minister of Economic Development and Official Languages (FedNor)
“We are pleased to see that the Federal Government has put programs in place like the CERB that will support the business community and their employees during this crisis. These types of measures are not only critical to ensuring the quick recovery of our economy but most importantly ensuring the health and well-being of our families.” said, -Rory Ring, Chief Executive Officer of the Sault Ste. Marie Chamber of Commerce
“I want to thank the Government of Canada for the important support it is providing businesses and their employees. The economic consequences of the response to COVID-19 are significant, and we need to work together to support each other. The City recognizes the challenges we are facing, and will continue to work with partners such as the Government of Canada to identify remedial measures.” mentioned, -Christian Provenzano, Mayor of Sault Ste. Marie
For further federal information re COVID-19-related programs
For City of Sault Ste. Marie information about a broad range of resources to address the COVID-19 pandemic
Call 705-574-1220 or email [email protected]<mailto:[email protected]>
COVID-19 APP–The Canada COVID-19 mobile app, produced by the Canadian government, which provides up-to-date information about the COVID-19 pandemic, including advice for preventing the spread of the virus, important contact numbers, and guidance for seeking medical and financial help.
You can download the app for free on Canada.ca, the App Stores for Apple iOS and Android smartphones and tablets. The app is also available as a web application that can be accessed on any laptop or desktop computer browser.