Canada Emergency Response Benefit
If you stopped working because of COVID-19, the Canada Emergency Response Benefit (CERB) may provide you with temporary income support.
The CERB provides $500 a week for up to 16 weeks.
For the most up to date information on how the Federal Government is implementing financial help to Canadians please refer to the link below.
An Enhanced GST Credit (03/18/2020)
This measure will support Canadians that have modest incomes by doubling the maximum credit for over 12 Million families. This credit top-up would mean an average of $400 for single adults, and $600 for couples. This measure will inject $5.5 Billion into the Canadian economy and will be available as soon as May 2020.
An Enhanced Canada Child Benefit (03/18/2020)
An additional $300 per child for the 2019-2020 year to assist with unexpected challenges tied to raising children, including disruptions to child care.
A 6-month Moratorium on all Canada Student Loans Payments (03/18/2020)
During the period of this deferral, no student loan payments will become due, and no interest will be charged on amounts owed during this time. This relief will save 1 Million young Canadians an average of $160 per month.
An Extension of the Tax Filing Deadline to June 1 (03/18/2020)
This tax deferral will allow businesses that owe taxes at the end of the year to delay the time at which taxes would ordinarily become due until August 31. No interest will accrue during this period.