Finance minister says the government can’t administer multiple programs while providing quick relief
The reports cover GST, the Canada Child Benefit and reduced RRIF withdrawal amounts
Social distancing, while costly for the economy, will save lives
To qualify, businesses will have to prove their monthly revenue has declined by 30% year over year
Fiscal policy can't end a pandemic, but it can enable the eventual recovery
The deficit for the fiscal year ending March 31 will also be higher than forecast
Measures include doubling payments to low-income seniors and financial relief for parents
The relief comes as small business confidence falls to an all-time low
The final bill gives the federal ministers of health and finance the power to approve all spending to deal with a public health emergency
The economic rescue package would expand unemployment benefits, provide a program for small businesses and give direct payments to most Americans