Canada is doing a huge bailout.... we dont have as many people as USA, so I'd say we can offer our citizens better.
Right now the government will pay 75% of all wages if you dont fire your employees as an incentive to keep them on and not lay them off. I like this because the business bares some of the brunt, but the incentive to keep them is pretty good.
If you are laid off, it's something like $2000 per person per month the government will give you, as well as other stuff.
The government is backing all small business loans up to $40,000 - interest free for 1 year... and if you pay it back within the year...they will knock 25% off of your loan as free money.
Our government has said right now they will take care of the citizens and make sure everything is ok for us and worry about the Economy later.
Is that smart? I dont know. Hopefully things work out... I know a lot of people who will be abusing the system... and maybe it'll destroy our Economy more than we can recover... but it's good to know in a situation where millions are losing their jobs, theres options that wont bankrupt business's or cause us to lose our houses.
