COVID-19: Economic Relief Measures Announced to Date

  • On May 14, 2020, the Minister of Agriculture and Agri-Food on behalf of Farm Credit Canada announced the launch of a $100 million Agriculture and Food Business Solutions Fund. The Fund is set up to support a wide range of enterprises in the agri-business and agri-food sector. To qualify, companies need to demonstrate an impact from an unexpected business disruption. For more information, see the Government of Canada’s news release of May 14, 2020.[62]

  • On May 26, 2020, the Government of Canada announced an investment of up to $9.2 million to enhance the Youth Employment and Skills Program. The funding will create up to 700 new positions for youth in the agriculture industry. For more information, see the Government of Canada’s news release of May 26, 2020.[63]

  • Air Transportation: The government is waiving ground lease rents from March 2020 through to December 2020 for the 21 airport authorities that pay rent to the federal government. The government will provide comparable treatment for PortsToronto, which operates Billy Bishop Toronto City Airport. For more information, see the Department of Finance Canada’s news release of March 30, 2020.[64]

  • Northern Air Carriers: The Government of Canada is working with the governments of Yukon, Northwest Territories, and Nunavut to support critical air services to ensure the continued supply of food, medical supplies, and other essential goods and services. For more information, see the Government of Canada’s support for industries[65]

  • Broadcasters: The Canadian Radio-Television and Telecommunications Commission (CRTC) will not request payment for Part I licence fees for the 2020-21 fiscal year, and the Government of Canada will provide the CRTC with an equivalent amount to support CRTC’s operations. For more information, see the Government of Canada’s support for industries[66]

  • Tourism:

    • The Minister of Economic Development and Official Languages announced on June 23, 2020 an investment of $16 million to strengthen Atlantic Canada’s tourism sector. For more information, see the Government of Canada’s news release[67] on June 23, 2020.

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