Madam Speaker, I apologize for the complications with interpretation.
I was giving shout-outs because it has been a hard time for everyone. I also wanted to recognize the stress that a lot of people are under and highlight the Wellness Together website, wellnesstogether.ca, as well as Kids Help Phone. Those are amazing resources that people should know about.
As we are talking about the fall economic statement and supports, I want to talk a bit about some of the existing supports, including the Applegrove Community Complex in my community. It has received federal funding. The staff are making calls and checking in on seniors. It is a really important time to be checking in on one another.
Today I would also like to focus on our local businesses. I talked with hundreds of local business owners in the community. They have been resilient and tough, but they need our support. One example of resilience is a local business, Looking Glass Adventures, which is an escape room. Imagine an escape room in the time of COVID. It has pivoted to offering its service online. Someone is inside, and they use a camera to show people around the place. It is amazing.
The most amazing thing is that not only has it been innovative, but it has been supported through federal programs, such as the wage subsidy and other programs. I want to highlight the importance of government programs working with communities and local businesses and providing the support that they need.
Our government cares. Since the beginning of the pandemic, our government has invested $322 billion in direct measures to fight the virus and to help people. That includes $85 billion in tax and custom duty payment deferrals. Throughout this pandemic, I have seen government programs to support businesses that have been responsive. The programs have been evolving to respond to what local businesses have been highlighting as issues as we go along. That has been very important as we have been addressing it all.
Federal programs have stabilized the economy, provided direct income support and bridged businesses through this difficult time. This will continue deep into 2021.
One program that I do not think has had enough attention supports live music. I love live music and our live music venues. There was $500 million in emergency support to the creative industries and sports. This included a live music support fund, which funded venues that would not normally receive funding, including here in my home community, the Dora: a bar that has great live music. In Toronto, there are Lee's Palace, the Horseshoe Tavern and all sorts of amazing venues.
There is more to do. That is where the fall economic statement comes in. Tourism, hospitality and entertainment are vital parts of our economy. Our main streets, with the restaurants and cafes, are hubs. They are the employers in our community. Our neighbours own these businesses. Many of them have faced regular and deep shutdowns, especially where I live in Toronto. These pandemic restrictions have taken a toll.
In addition to the existing wage subsidy, the Canada emergency business account, and the rent support program, the fall economic statement brings more to continue the response. One program that I would like to mention is the highly affected sectors credit availability program, or HASCAP fund.
This is really for the hardest-hit businesses: tourism, hospitality, arts and entertainment. It will provide 100% government-guaranteed financing for the hardest-hit businesses. There will be low-interest loans of up to $1 million with terms of up to 10 years. The interest rates will be below market rates.
This is in addition to the regional relief and recovery fund, which supported more than 2,800 tourism-related businesses, and the Canada emergency rent subsidy, which combined with lockdown support can provide up to 90% of rent and commercial mortgage interest when public health orders cause a lockdown, such as is happening in Toronto.
The fall economic statement will also do more to support our local businesses. For the Canada emergency business account, the deadline to apply is going to be extended to March 31. That is important. When I talk with businesses that are navigating their different needs, they say having that extra flexibility to be able to apply is important.
Another important piece, which I hear about all the time, is the wage subsidy. This will be extended to June 2021, and the fall economic statement will increase the amount paid for the period to 75% until March. That was the kind of predictability that local businesses were asking for when I was talking with them, and it helps support jobs. I can see the jobs that are supported right here in my community.
In addition to the wage subsidy and the other programs, I want to highlight the Canada summer jobs program. It provides employment to young people, who are among those who have been the hardest hit economically during the pandemic.
The Canada summer jobs program will be increased by up to 40,000 jobs, which will help local organizations, local businesses and young people who are looking for work. Also, there is going to be an increase in funding for skills and training and employment support across the board, and there is specific funding for the youth employment strategies. This will pay off not only for local businesses and different organizations but also for young people across our communities.
When talking about young people, I also like to mention the Canada child benefit. One piece I have heard from people in my community who are the hardest hit is that the Canada child benefit has a tremendous impact. In fact, it has had a huge impact on child poverty rates across the board. This year, there will be a temporary increase of up to $1,200 for families with children under the age of six, which is going to be an important piece.
The final piece is interesting for me, as I am a woman who has spent a lot of time balancing work and children. I had a hard time finding child care and managing to work from home while my kids were running around. I would feed them cookies while on telephone calls just to keep things going. I was really happy to see, in the fall economic statement, that a framework is being put in place for a national child care system, something that truly will make such a huge difference to so many families right across our country. It is an important place to start with in our fall economic statement as we come out of this pandemic. I have talked with a lot of people who have felt the strain, and I have seen how hard it is. In Toronto, child care is still expensive and is often really unattainable.
While the federal early learning and child care funding to date has helped to provide 40,000 affordable child care spots across our country, I can see the need for more. The fact that we are supporting an increased program that will help to build on that and create a universal child care system across our country is something I am really excited to see.
I am running out of time, but I am happy to answer questions because I am really excited about how we will build back from this pandemic and how we will continue to support our businesses and individuals.