Finances of the Nation: The Economic Response of Governments in Canada to COVID-19 in the First Three Months of the Crisis

Canadian Tax Journal/Revue fiscale canadienne, 2020, Vol. 68, No. 3, p. 863-890

28 Pages Posted: 1 Nov 2020

See all articles by Julie S. Gosselin

Julie S. Gosselin

Université de Sherbrooke

Luc Godbout

FAC. ADM. Sciences comptables et de fiscalité

Tommy Gagné-Dubé

Université de Sherbrooke

Suzie St-Cerny

Université de Sherbrooke

Date Written: October 28, 2020

Abstract

In this article, the authors recount how Canadian governments have responded to the COVID-19 crisis through the economic measures announced between March 11 and May 15, 2020. Their analysis shows that Canadian governments have acted quite rapidly and that, by expanding emergency measures, they have tried to help just about everyone. The authors set out the estimated costs of the various measures, followed by a brief comparison of Canada's response with the responses of other countries.

Keywords: COVID-19, spending, emergency, relief, cost estimates, government expenditures

Suggested Citation

Gosselin, Julie S. and Godbout, Luc and Gagné-Dubé, Tommy and St-Cerny, Suzie, Finances of the Nation: The Economic Response of Governments in Canada to COVID-19 in the First Three Months of the Crisis (October 28, 2020). Canadian Tax Journal/Revue fiscale canadienne, 2020, Vol. 68, No. 3, p. 863-890, Available at SSRN: https://ssrn.com/abstract=3706943

Julie S. Gosselin (Contact Author)

Université de Sherbrooke

2500 bd de l'Universite
Sherbrooke, Québec J1K 2R1
Canada

Luc Godbout

FAC. ADM. Sciences comptables et de fiscalité ( email )

2500 bd de l'Universite
Sherbrooke, Québec J1K 2R1
Canada

Tommy Gagné-Dubé

Université de Sherbrooke

2500 bd de l'Universite
Sherbrooke, Québec J1K 2R1
Canada

Suzie St-Cerny

Université de Sherbrooke ( email )

2500 bd de l'Universite
Sherbrooke, Québec J1K 2R1
Canada

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