Emergency Funds for COVID-19:
1. GST credit - up to $300 single adults - $600 for couples
2. Child Tax benefit Top up - $300 per child added on top of
what you receive already.
3. Student loan payments deferred
-6 month timeframe
-no payments
-no interest accrual
4. Indigenous community based support fund
5. $200 million provided for community resources
-Shelters/homeless needs
-Sexual assault/transition homes
6. 10% wage subsidy for small-medium sized businesses for employees.
-$25,000 per employer
7. Ensured Mortgage Protection Program
-50 billion provided
-payment deferrals
-special payment arrangements
8. Bank Supports
-auto loans - deferral of payments possible
-contact bank directly
-speak to your institutions
9. Personal Income Tax
-payment before September. 1st/2020 - extended deadline for income tax payments owed
-Filing deadline for Income Tax - June.1st/2020
10. Emergency Care Benefit
-Quarantined or caring for sick family member
-Providing $900 bi weekly
-Payment via direct deposit
-Will not require medical documentation
-Starting early April
11. Emergency support fund - $5 Billion
-more info to come
*Supply chains from groceries will maintain fair prices for Canadians
https://www.canada.ca/en/