COVID-19: Economic Relief Measures Announced to Date

  • For more information, see the Government of Canada’s news release of June 8, 2020.[231]

  • Creation of the Fond Croissance PME Banque Nationale. The Government of Quebec will invest up to 100 million in order to support the growth of small and medium businesses.

  • For more information, see Government of Quebec’s news release of July 13, 2020.[232]

  • Support for the arts and culture sector

    • The Government of Québec announced an investment of $46 million to the Conseil des arts et des lettres du Québec (Conseil) to co-ordinate financial assistance to be provided to organizations and artists to off-set losses incurred during the COVID-19 pandemic.

    • For more information, see the Government of Québec’s news release of June 1, 2020.[233]

    • The Government of Québec announced an investment of $33.5 million as part of the Plan de relance économique du milieu culturel in order to stimulate this sector of the economy that was affected by the COVID-19 pandemic.

    • For more information, see the Government of Québec’s news release of July 22, 2020.[234]

    Support for the agricultural and food sectors

    • The Government of Québec announced an investment of $6 million to support the development of innovative technologies in the agricultural and food sectors.
    • For more information, see the Government of Québec’s news release of June 1, 2020.[235]

    Support for science and technology projects

    • The Government of Québec will invest more than $10 million, through the Programme innovation, the Programme de soutien aux organismes de recherche et d’innovation and the Fonds de recherche du Québec, to support scientific and technological projects related to the COVID-19 pandemic.
    • For more information, see the Government of Québec’s news release of May 12, 2020.[236]

    Credit on employers contribution to the health services fund

    • Employers who can benefit from the CEWS and maintain an establishment in Quebec will receive a credit on their contribution to the Health Services Fund for a period of up to twelve weeks, retroactive to March 15, 2020. The amount of the credit is equal to the total amount of the employer’s contribution to the Health Services Fund in respect to wages paid to employees on paid leave due to COVID-19. The qualifying periods for the credit mirror the CEWS qualifying periods:
      • March 15, 2020, to April 11, 2020;
      • April 12, 2020, to May 9, 2020;
      • May 10, 2020, to June 6, 2020.
    • On May 29, 2020, the Government of Québec announced that the contribution credit for employers to the Health Services Fund in respect of employees on paid leave is being extended until August 29, 2020.
    • The application for credit must be submitted to Revenu Québec when the employer submits the Summary of Source Deductions and Employer Contributions for 2020 (RLZ-1.S and RLZ-1.ST), for the 2020 year. As of May 1, 2020, an employer can reduce the amount of its periodic payment to Revenu Québec for its Health Services Fund contribution, which is attributable to a specified wage that it has paid, allocated, granted or awarded prior to the time of the periodic payment and which has not reduced another periodic payment.
    • For more information, see Finances Québec’s news release of April 30, 2020.[237]

    Urgent relief for small businesses and landlords

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