Thursday, May 19, 2022
  • About Us
  • Contact Us
  • Middle East
The Opportunist
  • Home
  • Startup News
  • Opinion
  • Stories
  • About Us
  • Contact Us
No Result
View All Result
The Opportunist
  • Home
  • Startup News
  • Opinion
  • Stories
  • About Us
  • Contact Us
No Result
View All Result
The Opportunist

“I want Canadians to know that we have a plan to get through the winter” – Read the highlights of the 2020 fiscal update by the Trudeau government

Manu Taneja by Manu Taneja
December 1, 2020
in Startup News
2 min read
0
“I want Canadians to know that we have a plan to get through the winter” – Read the highlights of the 2020 fiscal update by the Trudeau government

Minister of Finance Chrystia Freeland

0
SHARES
223
VIEWS

While the country is grappling with the second wave of COVID-19, the finance minister Chrystia Freeland suggested that the government will “ensure that post pandemic economy is robust, inclusive, and sustainable.” Running over a deficit of more than $380 billion in response to the fight against COVID-19, the government has proposed to inject $100 billion to spur the post pandemic recovery plan for the economy in a span of over three years. Here are some of the highlights from the update:

  • For businesses, the government has proposed to bring back the wage subsidy to 75 per cent of company payroll costs and extend the business rent subsidy to mid-March 2021
  • The government will provide financial assistance to anyprovince facing a year-over-year decline in non-resource revenues greater than five per cent under the Fiscal Stabilization Program. For the record, the maximum a province could receive was $60 per person
  • The federal government will remove GST/HST from face masks and shields starting next year
  • It has been proposed to fund $1 billion in long term care facilities to improve COVID-19 infection. Long-term care homes have been worst hit during the pandemic
  • Middle and low-income families will get up to $1200 for each child under the age of six in 2021
  • With the Home Energy Retrofit program, the government will provide grant of up to $5000 for improving the energy efficiency in Canadian homes
  • It was also announced that the government will start to levy digital sales tax on digital giants such as Netflix, Amazon Video, etc.

The government is hopeful that the new round of economic support will effectively respond to the ongoing scenario. While the deficit is growing larger with each passing phase, this is the best bet the government can have right now.

Related posts

Ontario budget 2020 and what it means for small businesses

Ontario budget 2020 and what it means for small businesses

November 12, 2020
Tech leaders demand BOLD prosperity strategies from the Government

Tech leaders demand BOLD prosperity strategies from the Government

October 28, 2020
0
Tags: Economy
ShareTweetShareSend
Previous Post

Once a teacher and now a successful entrepreneur - How a science graduate found his calling as a lawyer

Next Post

Canadian family with dairy allergy develops ice cream alternative from bananas

Next Post
Canadian family with dairy allergy develops ice cream alternative from bananas

Canadian family with dairy allergy develops ice cream alternative from bananas

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

From Being Unemployed for 8 Months to Making $8,000 Monthly Through Own Venture

From Being Unemployed for 8 Months to Making $8,000 Monthly Through Own Venture

2 years ago
5 reasons why NOT to undersell your products/services

5 reasons why NOT to undersell your products/services

1 year ago
Importance of ‘Proof of Concept’

Importance of ‘Proof of Concept’

2 years ago
Supporting Workforce In Challenging Times

Supporting Workforce In Challenging Times

2 years ago

FOLLOW US

  • 55 Fans
  • 25 Followers

BROWSE BY CATEGORIES

  • Experiences
  • Opinion
  • Startup News
  • Stories
  • Strategy
  • Uncategorized

BROWSE BY TOPICS

blockchain Book Launch budget Business Business Model Canada Canada Business Charity Company Construction Consulting content Digital Marketing Economy Education Business Employment Entrepreneurs Entrepreneurship Food food wastage Hard Work Hiring hydro Immigration Innovation Investing Legal Mentorship ontario Persistence Proof of Concept Retail Skincare SMEBusiness Social Enterprise Social Media Startup Strategy tax Technology vancouver

POPULAR NEWS

  • Learn how Dennis Geelen founded his own consulting company after 20 years of corporate experience

    Learn how Dennis Geelen founded his own consulting company after 20 years of corporate experience

    0 shares
    Share 0 Tweet 0
  • How this 26-year-old CEO is redefining blockchain technology in media

    0 shares
    Share 0 Tweet 0
  • Persistence is the only way to initiate & run businesses – This Company waited for 3 years to get its first client

    107 shares
    Share 107 Tweet 0
  • How this 20-year-old developed a solution for her own skin problems to later build a business out of it

    0 shares
    Share 0 Tweet 0
  • How ‘Cooks Who Feed’ plans to serve meals to over 1 million people in 1 year

    84 shares
    Share 84 Tweet 0
The Opportunist

We are dedicated towards highlighting the businesses, entrepreneurs and startups that have made an impact towards Canadian economy with their products, services or even by sheer determination to succeed.

Follow us on social media:

  • About Us
  • Contact Us
  • Middle East

Copyright © 2020 | The Opportunist.

No Result
View All Result
  • Home
  • Startup News
  • Opinion
  • Experiences
  • Stories
  • About Us
  • Contact Us

Copyright © 2020 | The Opportunist.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please wait...

Subscribe to our newsletter

Want to be notified when our article is published? Enter your email address and name below to be the first to know.
SIGN UP FOR NEWSLETTER NOW
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.