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Canada to provide up to C$27bn to help Canadians and businesses

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Christian Fernsby ▼ | March 18, 2020
Canada's PM Justin Trudeau said Canada will provide up to C$27bn to help Canadians and businesses.
Justin Trudeau
Business in Canada   Justin Trudeau
Canada provides C$55bn to meet liquidity needs of business and households through tax deferrals.

Topics: Canada

Canada will provide temporary wage subsidy for up to 3 months to allow businesses to keep workers on payroll.

The total Canada aid package totals C$82bn. Canadians will have until August 2020 to pay taxes.

Trudeau added that they are willing to do more to aid economic activity.

The amount of stimulus is much greater than the earlier sources estimate of at least 1% of GDP.