As our country and world face an unprecedented time, the good people of Westman and all Canadians must work together to support one another.
As our local businesses, farmers and workers face new financial challenges, it is more important than ever for the federal government to support them during this difficult time. We must also support our seniors and families who are at risk of not having enough money to pay their bills and put food on the table.
While the federal government has announced some measures to support people and businesses, I know there is still much more to do.
The Government of Canada has announced the following measures to support Canadians throughout the COVID-19 global pandemic:
- doubling the GST credit by offering a one-time special payment to be received by early May of an average of $400/individual and $600/couple;
- increasing the Canada Child Benefit for the 2019-2020 benefit year by $300/child as part of the May payment;
- waiving the one-week waiting period for EI sickness benefits for individuals in mandatory quarantine;
- establishing the Canada Emergency Response Benefit of $2000/month for 4 months for those who are off work and without an income;
- delaying the tax filing deadline for individuals to June 1st, 2020 and deferring tax payments until August 31st, 2020;
- the Canada Mortgage and Housing Corporation (CMHC) is permitting lenders to allow payment deferral;
- providing more than $10 billion of support to businesses and farmers, largely aimed at helping small and medium-sized businesses through the Business Development Bank of Canada (BDBC) and Export Development Canada (EDC);
- increasing the near-term credit available to farmers and the agri-food sector through Farm Credit Canada;
- offering a six-month, interest free grace period on Canada student loans;
- doubling of the homeless care program; and
- a temporary 10-per-cent wage subsidy to eligible businesses, up to $25,000 per employer.
Let me be clear, these programs are a first step, however, the government can and must do more during the COVID-19 global pandemic.
I have heard from countless constituents who are worried about paying rent, small business owners who are concerned about lost income, and farmers who are apprehensive about the state of international markets. More must be done to put money directly into Canadians’ pockets during this challenging time.
I welcome your ideas on how the government can help people get through this difficult time and once the pandemic is over, to get our economy back on track.
I am keen to hear your ideas that will financially help people get through this crisis and help Canada emerge from this global pandemic stronger than ever, I encourage you to contact me by emailing my personal Parliamentary email at Larry.Maguire@parl.gc.ca
All my life, I have witnessed first-hand the resilience and generosity of the people of Westman.
Now, perhaps more than ever, we must all comply and work together to confront these unforeseen circumstances and emerge stronger as a region and as a country.