Tag: economy

Managing Temporary Layoffs During COVID-19

COVID-19 has had and continues to severely impact the Canadian economy. Many employers are now implementing, or at least considering, temporary layoffs because of the voluntary or forced operational shutdowns. Below you’ll find some key information regarding temporary layoffs in British Columbia, Alberta, and Ontario. What is a Temporary Layoff? In general, layoffs refer to a period of time where…

How to Navigate Canada’s COVID-19 Economic Response Plan

On March 18, 2020, Prime Minister Justin Trudeau announced the COVID-19 Economic Response Plan. Its goal is to mitigate the negative economic effects of the virus by providing relief for workers and businesses through fiscal stimulus measures. More specifically, the plan will provide up to $27 billion in direct assistance to Canadian individuals and businesses. In addition, $55 billion in…