*MAJOR TAX ANNOUNCEMENT MADE ON COVID- 19 RESPONSE by Prime Minister Trudeau on March 17*
✔ Canada Child Benefit increase by $550 per family on average to help parents with young children
✔ Emergency Care Benefit - for workers up to $900 every 2 weeks that need to stay home and don't qualify for EI
✔ Emergency Support Benefit - Government will support workers financially who do not qualify for EI and are facing unemployment
✔ Canadian Banks will be more flexible for delays on mortgage payments and other credit bills up to 6 months.
✔ Taxes will be delayed - you will have until June 1 to file income taxes, and until August 2020 to make payments
✔ Temporary Wage Subsidy - to eligible small businesses, 10% of wages for three months, to help employers keep their workers on the payroll. Not for profits and charities are included.
✔ Small businesses will be supported with Business Credit Availability Program
✔ For low-come Canadians, In May, the GST credit will be increased up to $300 and up to $150 per child
✔ Student loans- 6 months interest free pause on repayment
✔ Boosting funding for women's shelters & those experiencing homelessness
*as rules are ever fluid and changing please Listen to notices sent by Health Canada/Provincial/Local Governments.* to confirm validity.