Emergency Funds

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 -$305 million 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 PLEASE SEE WEBSITE ON HOW TO APPLY FOR PROGRAMS: https://www.canada.ca/en/department-finance/economic-response-plan.html#individual