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August 5, 2021

Your CFA Update on COVID-19

Vaccine Passports

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Quebec to implement vaccine passport system as cases rise in province

Quebec will implement a vaccine passport system in the coming weeks, Premier François Legault announced today.

Details of the system will be released soon, Legault said. But he said the rising case numbers in Quebec, and the prospect of more hospitalizations and deaths in the coming weeks, has made the vaccine passport system necessary.

The system will allow the province to avoid the widespread closures that have marked its pandemic response to date, he said.

France, Italy and the City of New York already have vaccine passport systems in place. 

Earlier this week, Quebec Health Minister Christian Dubé said people in Quebec who are not fully vaccinated may see themselves shut out of places and activities deemed "high" or "moderate" risk — such as gyms, team sports and theatres, for example — as an alternative to a generalized lockdown.

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Reform taxes and deficits, business group urges Canada leaders

The Canadian Chamber of Commerce is calling for the parties to commit to smaller deficits, tax reform, reducing tax burdens for business and supporting the nation’s resource sectors. Those are among 37 recommendations in a report the chamber will release Thursday.

The call comes amid speculation Prime Minister Justin Trudeau will trigger an election, possibly within days. Within corporate Canada, some executives are worried that political leaders are devoting little serious attention to fixing the nation’s long-term competitiveness problem.

“At this point none of the parties have set out a strategy for growth that will enable us to get to where we need to be,” Perrin Beatty, the chamber’s chief executive officer, said in a phone interview. “We need to have much better growth than we did prior to Covid and that’s going to be very hard to achieve.”

In its report, the chamber did ask all parties to extend pandemic-related support for businesses into next year, as well as forgiving interest payments on government short-term loans.

The recommendations were far-ranging, and include calls to make the recovery more inclusive by speeding up the indigenous reconciliation process, creating new opportunities for diversity-owned business, and providing more generous tax deductions for childcare expenses.

Delta variant driving 4th wave in B.C. 

The number of COVID-19 cases caused by the delta variant is doubling every seven to 10 days in British Columbia. The province reported more than 700 infections Tuesday over a four-day period, with more than half of those in the Interior where the vaccination rate is lower.

The Vancouver Coastal Health region has a vaccination rate of about 80 per cent, while it is 65 per cent for the Interior health region — and that is reflected in COVID-19 case numbers.

Ottawa announces $6B transfer to Quebec aimed at strengthening child care

The federal government is transferring about $6 billion to Quebec over five years in connection with Ottawa's national child-care program, but the money comes without conditions and Quebec's government can spend it how it pleases.

Prime Minister Justin Trudeau made the announcement Thursday alongside Premier François Legault in Montreal, who said a significant portion of the $6 billion will go toward "completing'' the province's child-care network.

Legault told reporters the money is "without conditions,'' adding that the province already spends $2.7 billion a year on its child-care system, which he said costs parents, on average, $8.50 a day per child.

Trudeau has been travelling the country in recent weeks, announcing child-care deals with British Columbia, Nova Scotia, Yukon, Prince Edward Island and Newfoundland and Labrador — ahead of what reports say could be an end-of-summer federal election campaign.

Canada Recovery Benefit now unavailable to people who didn't file taxes in 2019, 2020

The Canada Recovery Benefit (CRB) is now unavailable to people who haven’t yet filed their taxes for 2019 or 2020, according to recent changes on the Government of Canada’s website.

The feds have been signalling for some time that Canadians needed to file their taxes to keep qualifying for the emergency COVID-19 relief benefit. All other criteria for the CRB remains the same, such as applicants being ineligible for Employment Insurance or receiving other relief, such as the Canada Recovery Sickness Benefit or Canada Recovery Caregiving Benefit.

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COVID-19's impact on the world is creating waves across all sectors and industries.

Every member of the CFA community is dealing with an issue that is affecting the world, our industries, our communities, our businesses, and our people.

We would like to hear from you if you have any topics, issues or questions to navigate turbulent times in order to support you further: 


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