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Government economic response to COVID-19

To keep you informed of recent developments in our federal and provincial/territorial governments’ economic response to COVID‑19, we will provide updates of key government announcements that may impact you or your business.

May 12, 2022 update

Our updates are provided when there are relevant or significant government announcements. Information is accurate as at 3:00 p.m. EDT. Information may be affected by subsequent announcements.

Links to government announcements follow at the end of the update.

Updates:

  • Canada - Ineligible COVID-19 individual benefit recipients: Starting May 10, 2022, the Canada Revenue Agency (CRA) has begun sending Notices of Redetermination to inform individuals of amounts owing to the CRA for COVID‑19 benefits (e.g. Canada Emergency Response Benefit) the CRA has determined that the individuals were not eligible for. Individuals who receive these letters, but still believe they are eligible for these payments, should contact the CRA and provide the required information to validate their claims.

  • Manitoba - Sector-specific funding support: The Manitoba government announced $1 million of funding to support the post‑COVID‑19 recovery of sectors hardest hit by the pandemic. It will provide $250,000 to each of the following organizations for projects that address their sector’s specific labour market needs: (i) The Manitoba Restaurant and Foodservices Association; (ii) Food and Beverage Manitoba; (iii) The Manitoba Hotel Association; and (iv) Supply Chain Management Association Manitoba.

  • Prince Edward Island - COVID-19 Special Leave Fund: This provincial fund, which provides wage supports for workers and self-employed people who are unable to work for COVID‑19‑related reasons, is enhanced by providing a maximum of 10 days of wage support (up to five days per week on two separate occasions). It previously provided a maximum of six days of wage support (up to three days per week on two separate occasions.

Links to government announcements:

Contact us

Dean Landry

CPA, CA, CFP, National Tax Leader, Toronto, PwC Canada

+1 416 815 5090

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Shawn Reain

CPA, CA, National Tax Markets Lead, Compliance.Transformed leader, Partner, Calgary, PwC Canada

+1 403 509 6373

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Kent Smith

Partner, Ottawa, PwC Canada

+1 613 755 8742

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Éric Labelle, LL.L.

LL.L, Quebec Tax Markets Leader, Montreal, PwC Canada

+1 514 205 5063

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Julien Lassonde

Partner, PwC Associates, National Incentives Leader, Montreal, PwC Canada

+1 418 997 4019

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Liam Fitzgerald

CA, LLB, Tax Operations Leader (Competency), Toronto, PwC Canada

+1 416 869 2601

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