Two Financial Aid Packages Rolled into One for People Out of Work
The federal government continues working on getting money to Canadians whose lives have been disrupted because of COVID-19.
It was announecd Wednesday that there will now be one benefit to provide 16 weeks of payments to workers whose income drops to zero because of the pandemic, including if they have been furloughed by their employers but technically still have jobs.
When the Liberals unveiled their response package, they proposed two benefits, one to flow through the employment insurance system and another for those who don't qualify for EI benefits, such as being self-employed workers.
Speaking in the Senate, Finance Minister Bill Morneau told senators that the move should help get money to affected workers faster than under the previously announced model.
Morneau says the new, combined benefit should be simpler to administer and get to workers with a target delivery date of April 6.
The House of Commons approved the stimulus package in the early hours of Wednesday and the Royal Assent was given Wednesday afternoon.
— With files from The Canadian Press
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