Federal and Provincial Financial Assistance Programs

The provincial and federal government have put in programs for financial assistance for individuals and businesses. See below for more information and resources.

Please note the programs and assistance are subject to change without notice. Please see official government communications for the most accurate and up to date information.

Government Income Programs Expand/Collapse

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Employment Insurance (EI)

Allows individuals who have recently lost their jobs to receive temporary financial assistance.

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Employment Insurance (EI): Sickness Benefit

The one-week waiting period for those in quarantine is waived as well as the requirement to provide a medical certificate.

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Canada Emergency Response Benefit (CERB)

A temporary income support for employed and self-employed Canadians who have been directly affected by COVID-19.

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Canada Emergency Student Benefit (CERB)

A temporary income support for students and recent graduates who are unable to work or find work as a result of COVID-19.

One Time Payments and Other Government Relief Expand/Collapse

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Canada Child Benefit

An extra $300 per child for 2019-20.

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Goods and Services Tax Credit (GSTC)

A one-time special payment by early May through the Goods and Services Tax Credit for low- and modest-income families. 

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Extra Time to File Income Taxes 

Deferrral of the filing due date for the 2019 tax returns of individuals (other than trusts) until June 1, 2020. 

Miscellaneous Programs Expand/Collapse

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Registered Retirement Income Fund (RRIF)

Reducing the required minimum withdrawals from Registered Retirement Income Funds (RRIFs) by 25% for 2020.

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Canada Student Loans

Effective March 30, 2020 Canadian Student Loan Repayments will be paused for 6 months. No payment will be required and interest will not accrue during this time.

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Alberta Student Loans

Effective March 30, 2020 Alberta Student Loan Repayments will be paused for 6 months. No payment will be required and interest will not accrue during this time.

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Utility Payment Deferral

Residential customers can defer electricity and natural gas bill payments, regardless of service provider.

Business and Commercial Assistance Expand/Collapse

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Temporary Wage Subsidy

A measure that allows eligible employers to reduce the amount of payroll deductions required to be remitted to the CRA.

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Canada Emergency Wage Subsidy 

Provides a 75% wage subsidy to eligible employers that have seen a drop of revenue in the eligible periods. 

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Work-Sharing Program

Offered to workers who agree to reduced working hours due to developments beyond the control of their employers.  

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Workers Compensation Board (WCB)

Premiums can be deferred until early 2021.  Small and medium sized private sector employers may be eligible to have 50% of their 2020 premiums waived.

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Utility Payment Deferral

Some residential, farm and small commercial customers can defer electricity and natural gas payments, regardless of service provider.

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Tourism Levy Remittances

Hotels and other Lodging providers may defer paying their tourism levy until August 31, 2020 for amounts due on or after March 27, 2020 without penalties or interest.

Tax Information


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Extension of Federal Income Tax Filing and Payment Dates

Business will have more time to file their income taxes and make payments. 

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Deferral of GST/HST Remittance 

Any GST/HST payments or remittances that become owing on or after March 27, 2020 and before June 2020, can be deferred until the end of June 2020.

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Alberta Corporate Income Tax Deferral

AB businesses with corporate income tax balances that become owing on or after March 18, 2020, or installment payments coming due between March 18, 2020 and August 31, 2020, can defer making these payments until August 31, 2020.

 

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