COVID-19: Economic Relief Measures Announced to Date

  • On May 22, 2020, the Government of Ontario announced an “Ontario Tool Grant” to help new eligible apprentices purchase the equipment they need to start their careers. The funding amounts will be distributed as follows:
  • $1,000 for those in motive power sector trades,
  • $600 for those in construction and industrial sector trades, and
  • $400 for those in service sector trades.
  • To be eligible for the grant, apprentices must have completed level 1 training on or after April 1, 2020, have an active registered training agreement, and have been registered as an apprentice for at least 12 months.
  • The Government of Ontario is also forgiving more than $10 million in outstanding loans owed by apprentices for tool purchases made at the beginning of their careers through the Loan for Tools Program.
  • For more information, see the Government of Ontario’s news release of May 22, 2020.[204]

Support for individuals and jobs

  • The Minister of Finance announced that the Government of Ontario is providing $3.7 billion for individuals and job protection. This includes:
    • a one-time payment to help families pay for the extra costs associated with school and daycare closures during the COVID-19 outbreak. The Government of Ontario will provide a one-time payment of $200 per child up to 12 years of age, and $250 for those with special needs up to 21 years of age, including children enrolled in private schools. Families must complete this application[205] to access financial support;
    • doubling the Guaranteed Annual Income System (GAINS) payment for low-income seniors for six months;
    • supporting more affordable electricity bills for eligible residential, farm and small business consumers, by providing approximately $5.6 billion for electricity cost relief programs in 2020-21. See the “electricity rate relief” section below for details;
    • cutting taxes by $355 million for about 57,000 employers through a proposed temporary increase to the Employer Health Tax (EHT) exemption;
    • providing $9 million in direct support to families for their energy bills by expanding eligibility for the Low-income Energy Assistance Program (LEAP) and ensuring that their electricity and natural gas services are not disconnected for nonpayment. Eligibility and application information[206] is available on the Ontario Energy Board webpage;
    • emergency child care options to support parents working on the front lines;
    • expanding access to Ontario Works to help more people meet basic needs such as food and rent;
    • enhancing funding by $148 million for charitable and non-profit social service organizations;
    • providing six months of OSAP loan and interest accrual relief for students;
    • proposing a new Corporate income tax credit, the “Regional Opportunities Investment Tax Credit”, to help try to support employment growth;
    • providing an additional $26 million to indigenous peoples and communities, including emergency financial assistance and health care;
    • deferring the upcoming June 30 quarterly municipal remittance of education property tax to school boards by 90 days.
    • postponing the planned property tax reassessment for 2021.
    • eliminating penalties and interest to businesses who miss filing or remittance deadlines for various provincially administered taxes for five months starting April 1, 2020.
  • For more information, see the Government of Ontario’s news releases of March 25, 2020, April 6, 2020, and April 24, 2020.[207][208][209]

Support to drivers

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113

Share