2021 Federal Budget Assistance for Canada’s Gaming Industry
The 2021 federal budget released yesterday outlines a $12 billion plan to extend key COVID-19 business programs and commits to continue other income support measures while planning for the reopening of society and international borders.
The government is also planning to extend the federal wage and rent subsidies and lockdown supports. Originally set to expire in June, the supports will now be available through September, as well the Canada Recovery Benefit aimed at people who aren’t covered by employment insurance (EI), though the $500-a-week support will drop to $300 per week after July 17.
Billions more is being earmarked to support affected workers though a range of steps, including a series of changes to the EI program, which includes extending the EI sickness benefit from 15 to 26 weeks and continuing to offer COVID-19-prompted caregiving supports in the short-term.