Duane Bratt covid-19 Duane Bratt

Calgary small businesses welcome federal funding amid COVID-19 outbreak

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globalnews.ca

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.

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