Newsletter – Financial Relief For Canadians

by Dean Paley on April 9, 2020

This newsletter has been prepared to provide an overview of the tax measures and assistance available to businesses and families in the midst of the Covid-19 pandemic.

A copy of this newsletter can be downloaded here.

It is a concise summary of the measures announced up to and included Wednesday April 9, 2020.

Discussed in the newsletter:

Filing deadline and payment due dates (see the table on Page 12)

Individuals

Staring on page 6:

  • The special one-time GST/HST credit payments,
  • Payment and filing deadlines for income taxes,
  • The Canada Emergency Response benefit (CERB) and EI,
  • Mortgage & debt support,
  • Emergency loans for Canadians abroad, and
  • Student loan relief measures.

Also see the table on page 10 and 11 for a summary of benefits.

Businesses

  • The 10% Temporary Wage Subsidy (TWS)
  • The 75% Canada Emergency Wage Subsidy (75% WS or CEWS)
  • EI Work sharing program,
  • Government backed interest free loans, and
  • Tax payments and deferrals of payments.

Also see the table on page 10 for a summary of benefits.

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