Measures to Support the Fishing Industry (May 14, 2020)
The Prime Minister announced the following measures to support the fishing industry:
- The Fish Harvester Benefit, to help provide income support for this year’s fishing seasons to eligible self-employed fish harvesters and sharespersons crew who cannot access the Canada Emergency Wage Subsidy. Support will be provided to those that experience fishing income declines of greater than 25% in the 2020 tax year, compared with a reference period to be identified. This measure covers 75% of fishing income losses beyond a 25% income decline threshold, up to a maximum individual entitlement equivalent to what is provided under the Canada Emergency Wage Subsidy ($847 per week for up to 12 weeks).
- The Fish Harvester Grant, to provide grants to help fish harvesters impacted by the COVID-19 pandemic and who are ineligible for the Canada Emergency Business Account or equivalent measures. The program provides non-repayable support of up to $10,000 to self-employed fish harvesters with a valid fishing licence. Size of the non-repayable support will vary depending on the level of fish harvesters’ historic revenue.
- Measures or changes to Employment Insurance (“EI”) that would allow self-employed fish harvesters and sharespersons to access EI benefits on the basis of insurable earnings from previous seasons (winter and summer claims).