Ottawa sending $10.34M to New Brunswick in COVID-19 aid

news-update

The federal government is giving the province $10.34 million to help cope with the spread of COVID-19.

The Telegraph-Journal reports the money is New Brunswick's cut of the $500 million jurisdictions were promised.

The bill specifically amends the Federal-Provincial Fiscal Arrangements Act to allow the funds to be transferred as soon as April 1.

The paper reports several other measures are triggered by the legislation to deliver $82 billion in financial aid and tax deferrals to individuals and businesses, including:

- $10 billion in support delivered in $900 payments every two weeks (to a total of 15) for workers, including those self-employed, who do not qualify for paid sick leave or EI, who have to stay home due to COVID-19 because of self-isolation, quarantine or caring for a loved one;

- $5 billion in supports for now unemployed workers who do not qualify for EI;

- Additional Canada Child Benefit payments of $300 per child for families with income up to about $56,000 with support (totalling $2 billion);

- GST credit boost for low-income families in the amount of $400 for single adults and $600 for couples;

- A wage subsidy of 10% for the next 90 days for small business (to a max of $1,375 per employee and $25,000 per employer);

Interest-free Canada Student Loan payment deferral for 6 months;

(With files from the Telegraph-Journal)