COVID-19: Economic Relief Measures Announced to Date

  • The Government of Québec announced that it is postponing the student loan debt repayments. According to this measure, individuals who have loan debt repayment will not have to make any payment during the next six-months.
  • Interest will not accrue during this period. Furthermore, students do not need to apply for the repayment deferral. This measure automatically applies to all Aide financière aux études
  • For more information, see the Government of Québec’s “Repayment of a student loan web page.[279]

Alberta

Alberta declared a provincial public health emergency on March 17, 2020, under the province’s Public Health Act. For more information about this legislation and the government’s powers under it, see our “explainer”, here[280].

The provincial government has announced a number of emergency support programs. The business-focused initiatives are outlined below, and the Alberta Government “COVID-19 Employer Fact Sheet” is linked here[281].

General relief measures

Utility repayment deferral

  • On May 5, 2020, the Government of Alberta announced that the Utility Payment Deferral Program Act will be introduced on May 6.
  • Residential, farm, and small commercial customers can defer bill payments for electricity and natural gas until June 18.
  • For more information, see the Government of Alberta’s news release of May 5, 2020.[282]

Relief measures for businesses

Support for infrastructure projects

  • The Government of Alberta announced on August 25, 2020 that in partnership with the Federal Government it is providing $152 million for 20 infrastructure projects in central Alberta. The funding is part of an effort to build stronger communities, improve health and wellbeing, and boost local economies.

  • For more information, see the Government of Alberta’s news release of August 25, 2020.[283]

Support for petrochemicals project

  • The Government of Alberta announced on July 9, 2020, the Alberta Petrochemicals Incentive Program, a multi-billion dollar investments to petrochemical projects throughout Alberta.

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