Monday, December 7
PROVINCIAL GOVERNMENT UPDATE
Extension of PHO order on province-wide restrictions to January 8, 2021
By order and direction of the Provincial Health Officer, all events and social gatherings are suspended to significantly reduce COVID-19 transmission related to social interactions and travel, with the following updates:
- Drive-in and drop-off events: may proceed with a limited number of people and a COVID-19 Safety Plan in place. You can have a maximum of 50 cars in attendance. View examples here.
- Drive-thru events: Uncontrolled drive-thru events are suspended, as cars continually moving through a venue may exceed 50 at one time. Operators of drive-thru events can only continue to operate if they restrict the number of cars to 50 at one time. View examples here.
- Christmas and holiday celebrations: All December celebrations will look different this year. Celebrate with your immediate household or core bubble. Consider hosting virtual parties and religious services, Unwrap gifts over Zoom or Skype, and if you must travel for essential reasons, review the health and safety precautions
- Adult indoor and outdoor team sports are suspended for people 19 years of age and older. View the full list here.
The order is in effect from November 19, 2020 at midnight to January 8, 2021 at midnight. View the full order update here.
Throne Speech highlights: actions to protect health, livelihoods
Today’s speech focused on the immediate actions government is taking to protect British Columbians’ health and livelihoods from the threat of COVID-19. In the months ahead, government will build on the measures already in place. Some initiatives will be extended or expanded, and new ones launched. View the full news release here.
- New Recovery Benefit: this will be rolled out by the end of the year. Families with a combined household income of less than $125,000 per year will be eligible to receive $1,000; families earning above that, up to $170,000, will receive payments on a sliding scale. Individuals earning less than $62,000 a year will be eligible for $500, with those earning up to $87,000 eligible for a payment on a sliding scale.
- Vaccinations: Preparations are underway to ensure that when a vaccine is available, it will be distributed to all British Columbians as quickly and safely as possible, beginning with those most at risk.
- Key investments in health care: this will allow more patients to receive treatment at home, reduce wait times, and train and hire more doctors and nurses.
- New tax measures: these steps will reward businesses for hiring, and help them grow and become more productive by making it easier for them to invest in equipment and machinery.
The focus is now on beating the virus, which will allow British Columbia to move as quickly as possible to address the economic recovery and its broader priorities: investing in people, strengthening communities, and supporting jobs and growth in a clean-energy future. The Government’s plans along these themes will be set out in more detail in a speech from the throne in the spring.
PREVIOUS FEDERAL GOVERNMENT UPDATE
On November 30, the Department of Finance Canada released the Annual Financial Report of the Government of Canada for 2019–20. This annual publication provides an overview of the government’s spending and revenue for the previous fiscal year and highlights the factors affecting these results.
The Deputy Prime Minister and Minister of Finance also released Supporting Canadians and Fighting COVID-19: Fall Economic Statement 2020. This plan will continue to protect Canadians’ health, jobs and the economy by doing the following:
- COVID-19 Safety: Investments in testing & tracing, procurement of PPE, measures to protect people in long-term care, and $150 million to improve ventilation in public buildings.
- Canada Emergency Wage Subsidy: increasing the maximum rate of CEWS to 75 per cent for the period beginning December 20, 2020 and extending this rate until March 13, 2021. This program will be there for businesses until June 2021.
- Canada Emergency Rent Subsidy and Lockdown Support: extending the current rates of CERS and Lockdown Support until March 13, 2021. This program will be there for businesses until June 2021.
- Highly Affected Sectors Credit Availability Program: New programs to support Canada’s hardest-hit industries, like tourism, hotels, arts and culture, and the air sector.
- Families with Young Children: Temporary support of up to $1,200 in 2021 for each child under the age of six for families entitled to the Canada Child Benefit.
- Sustainability Goals: Support for Canadians to make their homes greener and more energy efficient, a plan to plant 2 billion trees and laying the groundwork for a Canada-wide Early Learning and Child Care System.
Click here to see previous updates.
Angela Calla is a 16-year award-winning woman of influence and mortgage expert. Alongside her team, Angela passionately assists mortgage holders in acquiring the best possible mortgage. She educates and empowers individuals on the “The Mortgage Show”, which she’s hosted for over a decade and is the best selling author of The Mortgage Code available on Amazon. All proceeds from her book sales are donated to Access Youth Outreach services, a local charity in our community supporting our youth. Additionally, in August of 2020 she surpassed $1 Billion dollars in funded personal mortgage volume at the young age of 37.
Angela leads by example with passion and conviction. She is known as an industry expert on TV and radio and the go-to source for publishers across the Country. She has even been known to sign the national anthem at sporting events! On top of all her achievements, Angela finds the time to be a loving wife and mother of two beautiful children.
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