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COVID-19 GOVERNMENT SUPPORTS - Federal support for Indivduals

 

Individuals

Benefits

  Employment Insurance benefits and leave

o   Individuals may be eligible for funding if they lost their job through no fault of their
      own or cannot find a job.

o   If an individual is not eligible or has received the maximum of EI, they may be
      eligible to apply for the following:

  Canada Worker Lockdown Benefit
  Canada Recovery Sickness Benefit
  Canada Recovery Caregiving Benefit

  Canada Worker Lockdown Benefit

o   Employed and self-employed individuals who are not able to work due to a

lockdown order in their region can apply for $300 ($270 after taxes withheld) a week.

o   Timeline: In effect until May 7, 2022.

  Canada Recovery Sickness Benefit

o   Employed and self-employed individuals who are sick, isolating due to COVID-19,
      or have an underlying health condition may be eligible for $500 ($450 after taxes
      withheld) a week.

  The maximum number of weeks individuals can apply for is 6 weeks.

o   Timeline: In effect until May 7, 2022.

  Canada Recovery Caregiving Benefit

o   Employed and self-employed individuals who are unable to work due to caring for a
      child under 12 years of age or a family member needing supervised care may be
      eligible for $500 ($450 after taxes withheld) a week.

  The maximum number of weeks households can apply for is 44 weeks.

o   Timeline: In effect until May 7, 2022.

Other supports

  Mortgage payment deferral

o   Homeowners facing financial stress may be eligible for a mortgage payment deferral
      of up to 6 months to help ease the financial burden.

  Low-income workers and families

o   The Canada Workers Benefit provides a refundable tax credit for individuals earning
      a low income and has expanded eligibility.

o   Low-income workers are now eligible for a tax credit of up to about:

    $1,400 for workers who are single and without children; and

    $2,400 for workers with families.

Sector Specific

  Aerospace

o   Aerospace Regional Recovery Initiative

  SMEs and not-for-profits can apply through regional development agencies
      for funding to become more sustainable, improve productivity and
      strengthen commercialization.

  Aquaculture and fisheries

o   Employment Insurance (EI) fishing benefits

  Self-employed fishers who are seeking work may be eligible to receive fishing
      benefits.

  Culture, Heritage, and Sport

o   Major Festivals and Events Support Initiative

  Festival organizations can apply through regional development agencies for
      funding to continue operations and position themselves for economic
      recovery.

  Eligible festivals and events: Those with annual revenues exceeding $10
      million.

  To contact FedDev Ontario, click here.

o   Support for Independent production companies

  The Short-term Compensation Fund Initiative will compensate independent
      production companies for the lack of insurance coverage for COVID-19-
      related filming interruptions and production shutdowns in the sector.
  Funding will be available until March 31, 2022.

     Energy

o   Emissions Reduction Fund

  Funding is available for onshore and offshore oil organizations to invest in
      green opportunities to reduce greenhouse gas emissions.

     Infrastructure

o   Investing in Canada Infrastructure Program (COVID-19 Resilience Stream)
              Apply through the province to get access to funding for an eligible

infrastructure project that are near-term and quick-start programs starting no later than September 2023.

     Tourism

o   Tourism Relief Fund

  Tourism organizations adapting their operations and investing in their future
      growth may be eligible for funding for projects focused on product or
      destination development.

  For a full list of eligible applicants and activities click here.

     Transportation

o   Regional Air Transportation Initiative

  Air carriers, airports, and organizations in the air transportation industry can
      apply through regional development agencies to obtain funding for projects
      to ensure the industry remains operational.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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