At his daily update on the COVID-19 situation, Prime Minister Justin Trudeau announced that Canada will cover 75% of wages for businesses so that they don't have to lay everyone off. He also said he hopes the funding means businesses can rehire employees. The subsidy will go to small and medium-sized companies and will be backdated to March 15.\nHe initially announced a 10% subsidy last week.\nDetails are few but the Prime Minister said specifically that the measure will allow businesses to retain long-term workers.\nIt's further unclear just which businesses will qualify for the subsidy.\nThis news comes after the government previously announced emergency funding for people whose jobs were impacted by the novel coronavirus crisis.\nSome people could see as much as $2,000/month under that program.\nThe government of Quebec is also giving relief to residents in self-isolation in the amount of $573 for two weeks.\nBut Trudeau's announcement about increased wage subsidies is the biggest financial relief effort to date.\nThe new Canada Emergency Response Benefit will help everyone who has lost their income because of COVID-19. Watch this video for more info. ⤵️ pic.twitter.com/VIr9uORVDA— Justin Trudeau (@JustinTrudeau) March 27, 2020\nIn Quebec, the government has ordered the closure of all non-essential businesses until April 13, putting some people out of work for weeks.\nAs a result, Premier François Legault has asked landlords to delay rent collection from residents who can't pay until federal aid is delivered on April 6.\nThe Montreal municipal government, as well as the provincial and federal governments, meanwhile, have all pushed back the tax deadline for individuals.\nView this post on Instagram No matter who you are or what you do, right now you should be focused on your health - and not about whether you will lose your job or run out of money for things like groceries or medicine. So today, we announced a $82-billion economic plan that will help you and your family get through these challenging times. The spread of COVID-19 is forcing all of us to change our ways, and we know it’s a big adjustment. But we have your back, and together we will get through this. For more details on our plan and how it will help you, click the link in my bio. 🇨🇦 Peu importe qui vous êtes ou ce que vous faites dans la vie, en ce moment, vous devez vous concentrer sur votre santé et ne pas avoir peur de perdre votre emploi ou de manquer d’argent pour l’épicerie ou les médicaments. C’est pourquoi nous avons annoncé aujourd’hui un plan économique de 82 milliards de dollars pour vous aider, vous et votre famille, à traverser ces moments difficiles. La propagation de la COVID-19 oblige chacun de nous à modifier ses habitudes, et nous savons que cela demande un ajustement majeur. Mais nous veillons sur vous et, ensemble, nous allons passer à travers cette épreuve. Pour plus de détails au sujet de notre plan et des mesures qui vous aideront, cliquez sur le lien dans la bio. A post shared by Justin Trudeau (@justinpjtrudeau) on Mar 18, 2020 at 10:57am PDT\nIt's unclear how long restrictions on travel and business will last in Canada, but officials on every level are preparing for the resulting economic slump.\nView this post on Instagram You need to stay home. And so do your friends and family members. Help spread the word with your own video - and tag your friends to remind them to stay home too. And together, we can #PlankTheCurve. @MichaelBuble and @VancityReynolds - can you help? #StayAtHomeSaveLives A post shared by Justin Trudeau (@justinpjtrudeau) on Mar 23, 2020 at 4:42pm PDT\nStay tuned for updates.