Over the past few days, the Government of Canada and certain provincial governments have introduced measures to support Canadians and stimulate the economy. We anticipate that more incentives to support businesses and individuals are to come as Canada navigates through the evolving COVID-19 crisis.
- Increased GST Credit
Provide additional assistance to individuals and families with low and modest incomes with a special top-up payment under the GST credit. - On average, close to CAD 400 for single individuals and close to CAD 600 for couples will be provided, starting in May.
- This measure would inject CAD 5.5 billion into the economy.
Source: Deloitte
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