Emergency Funds for COVID-19

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