Individuals

For Parents
“The Government of Canada is providing an extra $300 per child through the Canada Child Benefit (CCB) for 2019-20. This will mean approximately $550 more for the average family. This benefit will be delivered as part of the scheduled CCB payment in May. Those who already receive the Canada Child Benefit do not need to re-apply.”

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For Taxpayers
“The Government of Canada is deferring the filing due date for the 2019 tax returns of individuals. For individuals (other than trusts), the return filing due date will be deferred until June 1, 2020. The Government will also allow any new income tax balances due, or instalments, to be deferred until after August 31, 2020 without incurring interest or penalties.”
Note: If you expect to receive benefits under the Goods and Services Tax credit or the Canada Child Benefit, we encourage you to not delay your 2019 return filing to ensure that your entitlements are properly determined.
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For Homeowners
“Canadian banks have committed to working with their customers on a case-by-case basis to find solutions to help them manage hardships caused by COVID-19. Canadians who are impacted by COVID-19 and experiencing financial hardship as a result should contact their financial institution regarding flexibility for a mortgage deferral. This allows flexibility to be available − when needed − to those who need it the most. Contact your financial institution for further mortgage assistance.”
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For Students
“Effective March 30, the government has placed a six-month interest-free moratorium on the repayment of Canada Student Loans for all student loan borrowers. No payment will be required, and interest will not accrue during this time. Students do not need to apply for the repayment pause.”
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For Seniors
“Reduced minimum withdrawals for Registered Retirement Income Funds
The Government of Canada is reducing the required minimum withdrawals from Registered Retirement Income Funds (RRIFs) by 25% for 2020.”
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Covid Emergency Response Benefit (CERB)
Individuals, including the self-employed, may be eligible to apply for this benefit that pays $500/week for up to 16 weeks.
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Utility Relief
“The Province of Ontario is offering the lowest electricity rate, known as the off-peak rate, 24 hours a day, for the next 45 days. This is extended to all residential, farm and small business use. Providing $9 million in direct support to families for their energy bills by expanding eligibility for the Low‐income Energy Assistance Program (LEAP) and by ensuring that their electricity and natural gas services are not disconnected for nonpayment during the COVID‐19 outbreak.”
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Additional Support
For more information on Covid-19 related support and services please visit here