The Government of Canada is taking immediate, significant and decisive action to support Canadians and businesses facing hardship as a result of the COVID-19 outbreak. Find below the summary of those measures and links to apply.
Continuing the supply of essential goods and services to remote and fly-in communities
Government of Canada is providing up to $17.3 million to the governments of Yukon, Northwest Territories, and Nunavut to support critical air services to Northern and remote communities, in partnership with investments by the territorial governments, to ensure the continued supply of food, medical supplies, and other essential goods and services to remote and fly-in communities.
Waiving ground lease rents
Government of Canada is waiving ground lease rents from March 2020 through to December 2020 for the 21 airport authorities that pay rent to the federal government. We are also providing comparable treatment for PortsToronto, which operates Billy Bishop Toronto City Airport and pays a charge to the federal government.
Cleaning up orphan and inactive oil and gas wells
Government of Canada is providing up to $1.72 billion to the governments of Alberta, Saskatchewan, and British Columbia, and to the Alberta Orphan Well Association, to clean up orphan and inactive oil and gas wells. This will help maintain approximately 5,200 jobs in Alberta alone.
Launching the Emissions Reduction Fund
Government of Canada is providing up to $750 million to create a new Emissions Reduction Fund to support workers and reduce emissions in Canada's oil and gas sector, with a focus on methane.
This fund will provide primarily repayable contributions to conventional and offshore oil and gas firms to support their investments to reduce greenhouse gas emissions. Of this amount, $75 million will be allocated to the offshore sector.
Funding for communities
Goverment of Canada is accelerating $2.2 billion in annual federal infrastructure funding for communities through the Gas Tax Fund. The funding will be delivered in one payment in June will help communities quickly move forward with infrastructure projects that will improve our quality of life and help restart local economies.
Communities have flexibility to use the funding to meet their local needs. Projects could include access to high-speed broadband, improvements to water and road systems, and the building of cycling and walking paths.
Protecting jobs and safe operations of junior mining exploration and other flow-through share issuers
Government of Canada is proposing to protect jobs and safe operations of junior mining exploration and other flow-through share issuers, by extending the timelines for spending the capital they raise via flow-through shares by 12 months.
With the impacts of COVID-19 on operations, this would mean that companies would be allowed additional time to incur eligible expenses, allowing them to safely plan when to best continue operations, while allowing them to avoid costs from not meeting original flow-through share timelines.
This initiative would protect the good, well-paying jobs that many Canadians depend on, including those in rural, remote, northern and Indigenous communities.