As many small businesses close their doors amid the COVID-19 pandemic, there remains some optimism following additional measures by the federal government to help Canadians and small businesses.
On Wednesday, the government announced $82 billion in funding, including $27 billion allocated to help Canadian workers and businesses.
The government’s funding also includes a wage subsidy to cover up to 10 per cent of an employee’s wage as well as a deferral of income tax payments for businesses until Aug.
31 interest free. “This is not a stimulus package; this is a rescue package,” Mount Royal University political scientist Duane Bratt said. “A stimulus is when you feel you need a boost to the economy.