Home » Newswire » Emergency $100B COVID-19 bill passed; monies coming in April: Morneau – CityNews Winnipeg
Emergency $100B COVID-19 bill passed; monies coming in April: Morneau – CityNews Winnipeg
by ahnationtalk onMarch 25, 202071 Views
An emergency federal bill to give the government billions of dollars to spend to help anxious workers, families and employers cope with COVID-19 is now law.
Gov. Gen. Julie Payette signed the bill at 12:18 p.m. Eastern time Wednesday, after both the House of Commons and Senate issued speedy approvals earlier in the day.
The bill allows the federal government up to $52 billion in funds to directly help Canadians, including a repackaged aid program for workers who can’t work for almost any reason connected to the virus.
That Canada Emergency Response Benefit will offer $2,000 a month in direct support through the Canada Revenue Agency, and is the main reason the cost of direct COVID-19 aid nearly doubled from an estimated $27 billion last week to $52 billion now.
Another $55 billion is on the table in deferred tax payments for business and individuals.