Book an appointment online 1 855 724-2268
Book an appointment online
Vers le haut
Brouillon auto

COVID-19: Tax and economic assistance for individuals

Article updated on 01/06/2021
In the current context resulting from the coronavirus, the federal and provincial governments have put in place numerous measures to support individuals.

Summary

COVID-19: Tax and economic assistance for individuals*

You will find on this page all the details related to these measures, as well as hyperlinks to the yes for organizations concerned. We remain on the lookout for government announcements in order to continue making regular updates and keep you informed about the new measures.

* This document is subject to change as governments and public bodies make new announcements

Last updated June 1st, 2021

FEDERAL

Government of Canada to reimburse self-employed workers who repaid the CERB 

Due dates and payment dates 

Canada Emergency Response Benefit

EI Work-Sharing Program

Mortgage payment deferral

RRIF: Protection measure for retirees

Changes to the Canada Student Loans Program

PROVINCIAL (Québec)

Revenu Québec will be flexible with citizens who file their tax returns after April 30th  

Quebec regions: Four regions receive workforce training subsidies  

Montréal Metropolitan Region – Workforce training and requalification – The government is allocating close to $19M to help train 2,300 unemployed workers 

Labour Minister, Jean Boulet, confirms $6.6M in financing to support seasonal workers 

New extension of the flexibility measures affecting social assistance and employment programs

Tax – Payment agreements

The Renewed Prosperity Through Greater Training Program (PARAF)

Improvements to the Loans and Bursaries program

OTHER FINANCIAL ASSISTANCE MEASURES

Improvements to the Loans and Bursaries program 

Measures put in place by Hydro-Québec

City of Montréal and City of Québec – Municipal taxes

PROVINCIAL (Ontario)

Ontario Supports Families, Businesses and Workers during COVID-19 

Infectious disease emergency leave

PROVINCIAL (New-Brunswick)

Emergency Bridging Fund for Vulnerable Post-Secondary Students

Job Protection for Workers

 

FEDERAL

Government of Canada to reimburse self-employed workers who repaid the CERB 

Over the course of the COVID-19 pandemic, the Government of Canada has introduced historic measures to support Canadians, including the Canada Emergency Response Benefit (CERB).  

As announced in February, self-employed workers who applied for the CERB and would have qualified based on their gross income are not required to repay the benefit, provided they also met all other eligibility criteria. Today, the Government of Canada announced further details on how this approach will be applied. Self-employed workers whose net self-employment income was less than $5,000 and who applied for the CERB will not be required to repay the CERB, as long as: 

  • They have filed their 2019 and 2020 income tax returns by December 31, 2022; 
  • Their gross self-employment income was $5,000 or more in 2019 or in the 12 months prior to their initial application; and 
  • They met all other CERB eligibility criteria. 

For more info, click here. 

Budget 2021 Job Creation 

Due dates and payment dates 

500,000 New Training and Work Opportunities for Canadians, starting 2021 

COVID-19: Tax and economic assistance for individuals

For more info, click here. 

Filing dates for 2020 taxes 

  • Feb 22, 2021: Earliest you can file online 
  • Mar 1, 2021: Deadline to contribute to a RRSP, PRPP, or SPP 
  • Apr 30, 2021: Deadline to file your taxes 
  • Jun 15, 2021: Deadline to file your taxes if you or your spouse or common-law partner are self-employed 

Payment date for 2020 taxes 

  • Apr 30, 2021: Deadline to pay your taxes 

For more info, click here. 

Canada Emergency Response Benefit

The Government of Canada is continuing to take action to support Canadians and protect jobs during the ongoing global COVID-19 pandemic. The Canada Emergency Response Benefit (CERB) was an important and necessary temporary response to support Canadians who had to stop working due to the pandemic. As we safely restart Canada’s economy, the Government will be transitioning to a simplified Employment Insurance (EI) program to provide income support to those who remain unable to work and are eligible.

As the CERB begins to wind down, the Government plans introduced a suite of 3 new recovery benefits to provide needed support to Canadians who continue to face financial hardship even as the economy starts to re-open. The 3 new benefits are:
Canada Recovery Benefit
Canada Recovery Sickness Benefit
Canada Recovery Caregiving Benefit

The government has announced a proposed extension to the CRB eligibility period limits. The change would allow eligible recipients to apply for a total of 19 periods (38 weeks) between September 27, 2020 and September 25, 2021.

EI Work-Sharing Program

These benefits are for workers who agree to a reduced schedule of work due to new circumstances beyond the control of their employer.

The measures extend the maximum duration of Work-Sharing agreements from 38 weeks to 76 weeks and provide for relaxed eligibility conditions and a streamlined application process.

For more info, click here.

Mortgage payment deferral

The COVID-19, or coronavirus crisis has left many homeowners in Canada without a job or with reduced hours and wondering how to pay their mortgage. Homeowners facing financial stress may be eligible for a mortgage payment deferral up to 6 months to help ease the financial burden.
The COVID-19 Mortgage Payment Deferral program will be ongoing. You can apply at any time during this outbreak.

For more info, click here.

RRIF: Protection measure for retirees

By reducing required minimum withdrawals from Registered Retirement Income Funds (RRIFs) by 25% for 2020, in recognition of volatile market conditions and their impact on many seniors’ retirement savings, this measure will provide flexibility to seniors who are concerned that they may be required to liquidate their RRIF assets to meet minimum withdrawal requirements. Similar rules would apply to individuals receiving variable benefit payments under a defined contribution Registered Pension Plan.

For more info, click here.

Changes to the Canada Student Loans Program

Doubling the Canada Student Grants for all eligible full-time students to up to $6,000 and up to $3,600 for part-time students in 2020-21.
• Broadening eligibility for student financial assistance by removing the expected student’s and spouse’s contributions in 2020-21.
Raising the maximum weekly amount that can be provided to a student in 2020-21 from $210 to $350.

For more details, click here.

 

PROVINCIAL (Québec)

Revenu Québec will be flexible with citizens who file their tax returns after April 30th  

Revenu Québec will be flexible with citizens who file their tax returns after the April 30th deadline. As a result, no late-filing penalty will be assessed and no interest will be charged on a 2020 tax balance for the period May 1 through May 31, 2021. 

The relief measure will give Quebecers affected by the COVID-19 crisis more time to meet their tax obligations. 

For more details, click here. 

Quebec regions: Four regions receive workforce training subsidies  

  • Lower St. Lawrence Region – Workforce training and requalification – Labour Minister, Jean Boulet, allocates close to $465,000 for workforce training. To find out more, click here 
  • Chaudière-Appalaches Region – Workforce training and requalification – Labour Minister, Jean Boulet, allocates $200,000 for workforce training. To find out more, click here 
  • North Shore Region – Workforce training and requalification – Labour Minister, Jean Boulet, allocates $100,000 for workforce training. To find out more, click here 
  • Abitibi-Témiscamingue Region – Workforce training and requalification – Labour Minister, Jean Boulet, allocates $100,000 for workforce training. To find out more, click here 

 

Montréal Metropolitan Region – Workforce training and requalification – The government is allocating close to $19M to help train 2,300 unemployed workers 

The Quebec government has announced it is investing $18.8M to support workforce training in the Montréal, Laval and Montérégie regions. 

The Quebec government will set up 160 training programs that will benefit more than 2,300 unemployed workers, including people who lost their jobs due to the pandemic. Offered by training centres and CEGEPs in the Montréal Metropolitan Region, the courses are in fields with significant labour needs and strong job prospects, such as information technology, construction and health. 

Individuals who take these courses could be eligible for a benefit under the Programme d’aide à la relance par l’augmentation de la formation (PARAF) that provides workers who wish to requalify with access to skills training in trades and occupations with promising employment prospects and good wages. 

To find out more, click here  

Labour Minister, Jean Boulet, confirms $6.6M in financing to support seasonal workers 

Labour, Employment and Social Solidarity Minister, and Minister responsible for the Mauricie region, Jean Boulet, confirms a $6.6M investment to extend the seasonal workers support pilot project. 

To find out more, click here  

New extension of the flexibility measures affecting social assistance and employment programs 

The Quebec government, in partnership with Revenu Quebec, announces that it has corrected the situation surrounding automatic electronic transfer and confirms the extension of the flexibility measures affecting social assistance programs and employment measures, until June 30 2021. 

For more details, click here. 

New extension of the flexibility measures affecting social assistance and employment programs

The Quebec government, in partnership with Revenu Quebec, announces that it has corrected the situation surrounding automatic electronic transfer and confirms the extension of the flexibility measures affecting social assistance programs and employment measures, until June 30 2021.

For more details, click here.

Tax – Payment agreements

If you are unable to pay your debt in a lump sum because of your financial situation, Quebec government may be able to reach a payment agreement. This will allow you to spread your payments out over time, based on your ability to pay, until your debt (and interest) is paid in full.

There are a number of ways to propose a payment agreement, depending on whether you are an individual, an individual in business or a business.

For more details, click here.

The Renewed Prosperity Through Greater Training Program (PARAF)

The Renewed Prosperity Through Greater Training Program (PARAF) help people who are looking to enter the job market or have lost their job and need to find a new one. They will receive training and financial assistance or an increase to their current financial assistance. The program officially started on November 30, 2020.

PARAF provides a weekly $500 employment assistance benefit or an additional $500 per week if recipients are already receiving financial assistance from the Gouvernement du Québec. The employment assistance benefit is paid for the entire duration of the training.

To take part in PARAF, you must be unemployed and:
• receiving employment insurance or recovery benefits (CRB or other), or
• receiving last-resort financial assistance from the Gouvernment du Québec
• taking part in skills development activities under the Aim for Employment Program of the Gouvernment du Québec, or
• not receiving any income from government support programs

For more details, click here.

Improvements to the Loans and Bursaries program

Improvements to the Loans and Bursaries program will enter into force in the coming weeks to ensure that students’ needs are met and to encourage a return to studies, despite the COVID-19 pandemic.

The modifications will apply as of the 2020-2021 award year (September 2020 to August 2021). However, as applications for financial assistance have already been received, files will automatically be reassessed in the coming months. You will receive a notice indicating the changes. Please note that, until the amount of financial assistance is recalculated, the agents will not be able inform you of the amount to which you are entitled.

For more details, click here.

OTHER FINANCIAL ASSISTANCE MEASURES

Canada’s six biggest banks take decisive action to help customers impacted by COVID-19

Effective immediately, Bank of Montreal, CIBC, National Bank of Canada, RBC Royal Bank, Scotiabank and TD Bank have made a commitment to work with personal and small business banking customers on a case-by-case basis to provide flexible solutions to help them manage through challenges such as pay disruption due to COVID-19; childcare disruption due to school closures; or those facing illness from COVID-19.

This support could include up to a six-month payment deferral for mortgages, and the opportunity for relief on other credit products.

More details about RBC.
More details about Desjardins.
More details about BMO.
More details about Scotiabank.
More details about TD.
More details about CIBC.

Measures put in place by Hydro-Québec

The suspension of administration charges for unpaid bills will end on September 30, 2020. If you expect to have trouble paying your bill, you can make a payment arrangement online, in your Customer Space or by phone. This will ensure that you continue to benefit from the suspension of administration charges.

For more details, click here.

City of Montréal and City of Québec – Municipal taxes

Businesses and property owners will have until June 1 to pay their first installment, normally due on March 1, while the second installment will have to be paid by Sept. 1, rather than June 1.

For more details, click here.

Quebec City also announced the postponement of the 4 payments of 2021.

  • Payment of March 3: postponed to June 3
  • May 3 payment: postponed to August 3
  • Payment of July 5: postponed to September 15
  • September 3 payment: postponed to November 15

PROVINCIAL (Ontario)

Ontario Supports Families, Businesses and Workers during COVID-19 

To help workers with their training expenses, the government has proposed a new Ontario Jobs Training Tax Credit for 2021. It would provide up to $2,000 per recipient toward 50 per cent of eligible expenses, for a total estimated $260 million in support to about 230,000 people in 2021. 

To help parents with the added costs created by COVID19, the government is providing a third round of payments to support parents through the Ontario COVID19 Child Benefit, totalling $1.8 billion since last March. The payment will be doubled for this round to $400 per child and $500 for each child with special needs. Parents who have not applied for the previous payments will be able to apply for this third payment round. 

For more details, click here 

Infectious disease emergency leave

The Employment Standards Act was amended to include an unpaid, job-protected infectious disease emergency leave. The only disease for which infectious disease emergency leave may be taken at this time is COVID-19.

Employers cannot threaten, fire or penalize an employee in any other way because the employee took or plans on taking an infectious disease emergency leave.

For more details, click here.

PROVINCIAL (New-Brunswick)

Emergency Bridging Fund for Vulnerable Post-Secondary Students

The Emergency Bridging Fund for Vulnerable Post-Secondary Students support students who are directly impacted by the COVID-19 pandemic. The funds will be distributed by post-secondary institutions based upon eligibility criteria and will provide a one-time amount of up to $750 per student.

Students must contact their institution directly to be considered and will be assessed on a case-by-case basis. Funding support will be based upon the need for food, shelter, unanticipated medical costs not covered through health plans, and unforeseen additional academic costs.

To qualify, vulnerable students must not qualify for the one-time $900 provincial emergency fund as of March 30. They must be in a position in which they cannot access money through student loans, Employment Insurance, personal savings, or other COVID-19 related financial assistance programs.

For more details, click here.

Job Protection for Workers

Job protection is now in place, retroactively to March 12, for those who are not able to work because they have COVID-19, are caring for a person with whom they have a close family relationship who has COVID-19 or are following self-isolation or quarantine protocols as directed by public health. The regulation also provides job protection for employees who cannot report to work because they are caring for their children due to school or daycare closures.

Employees must request this emergency leave in writing to their employers as soon as possible. The request must include the reason for the leave, the anticipated start date and the duration of the leave.

For more details, click here.

If you need help, we’re just a phone call away.

Speak to a counsellor without having to go anywhere. A telephone appointment can change everything.

14