Emergency Funds for COVID-19:
1. GST credit – $400 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 support fund – $5 Billion
-more info to come
*Supply chains from groceries will maintain fair prices for Canadians
