COVID-19 Economic Recovery and 2022 Support Programs
GDP Rebounded to Pre-Pandemic Level inNovember 2021
The economy grew by 0.6%in November 2021, making it the sixth consecutive month of economic expansion before the rapid spread of the Omicron variant, according toStatistics Canada.
COVID-Business Aid Loan Repayment Extended to 2023
The federal government is extending the deadline for small businesses to pay back their Canada EmergencyBusiness Account (CEBA) loans to the end of 2023. Eligible businesses “in good standing,” will have until 31 December2023 to repay and be eligible for up to $20,000 of debt forgiveness.
Canada Worker Lockdown Benefit Open for Applications
The federal government announced that the Canada WorkerLockdown Benefit is open for applications. It gives temporary income support of $300 a week to employed and self-employed people who can't work due to a COVID-19 lockdown.
Pandemic Support for Commercial Tenants
Businesses, non-profit organizations, and charities who have seen a drop in revenue during the pandemic may be eligible for a subsidy to cover part of their commercial rent or property expenses. You can learn more about these subsidies here.
