New supports for small businesses as Canada weathers the second wave of COVID-19.
Deputy Prime Minister Chrystia Freeland says they’re proposing an improved emergency rent subsidy.
“If our public health officials believe that limited lockdowns are the best way for us to fight the coronavirus, the federal government will step in with additional support for affected businesses,” Freeland says.”
The updated rent subsidy would increase support by 25% , paying up to 90% of businesses’ rent. The federal Liberals are also announcing a proposal to help small businesses set up online shops so they can stay afloat during lockdowns.
Prime Minister Justin Trudeau says they want to be there for businesses that are being hit harder by the second wave.
“Some businesses are doing very well despite the pandemic, from being able to pivot and being able to respond and being able to be creative about their responses. Others, no matter how creative they get, are going to be suffering because of the nature of their businesss,” Trudeau acknowledges.
