A note from the Mortgage Winners Team

The Government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak.

On March 18, 2020, the Prime Minister announced a new set of economic measures to help stabilize the economy during this challenging period. These measures, delivered as part of the Government of Canada’s COVID-19 Economic Response Plan, will provide up to $27 billion in direct support to Canadian workers and businesses.

Support for Canadians

  Income Support for Individuals Who Need it Most

  Flexibility for Taxpayers

  Mortgage Default Management Tools

  Role of Financial Institutions

Support for Businesses

  Supporting Canadian Businesses Through the Canada Account

  Helping Businesses Keep Their Workers

  Flexibility for Businesses Filing Taxes

  Ensuring Businesses have Access to Credit

  Supporting Financial Market Liquidity

Click the below link to be redirected to the Government of Canada COVID19 site for more detailed information.

Bank of Canada holds interest rate at 5%