Here’s what impact investors are urging the federal government to add to its COVID-19 aid package

Author Jack Graham
The federal government can (and should) do more

Why It Matters

In response to COVID-19’s unprecedented impact, last week the federal government passed a huge stimulus package to help Canadians. But these impact investors from across Canada say much more can be done — from accelerating the launch of the Social Finance Fund to implementing a universal basic income.

var TRINITY_TTS_WP_CONFIG = {"cleanText":"Here\u2019s what impact investors are urging the federal government to add to its COVID-19 aid package. Last week the federal government pushed its new stimulus bill through parliament in response to the COVID-19 crisis. With infection rates surging and the global economy experiencing a meltdown, Ottawa passed a $107 billion package to help Canadian people, businesses and non-profits. Friday morning, Justin Trudeau announced an update to the aid package, which included increasing the wage subsidy available to employers from 10 percent to 75 percent and deferring HST and GST payments until June. This may only be the start, however. Upon announcing the measures on March 18, Finance Minister Bill Morneau said it was just the \u201cfirst phase\u201d of the govern

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