PortandTerminal.com, May 14, 2020
Ottawa has announced $469 million in federal support for fish harvesters who have been ineligible for other aid initiatives during the COVID-19 pandemic.
OTTAWA – The Federal Government in Ottawa today announced that it is coming to the aid of the fishery, aquaculture industry and farmers who have been hurt by the coronavirus pandemic.
Prime Minister Justin Trudeau announced today $469M Canadian ($335M USD) for harvesters. The Fish Harvester Benefit will apply to those who have experienced at least a 25 per cent drop in income.
The fund will cover 75 per cent of the loss. As well, there will be non-repayable grants of $10,000 for harvesters who own their own boats.
Trudeau also addressed concerns among harvesters who may not generate enough income to file a valid Employment Insurance (EI) claim for next year.
He says proposed measures would allow self-employed harvesters to access benefits based on insurable earnings from previous years.
Ottawa is also creating a $100M ($71M USD) fund for farmers and the aquaculture industry.
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