We’re here to support you through COVID-19. Here’s how we can help you.
We’re here to support you through COVID-19. Here’s how we can help you.
Warning for Sun Life shareholders about Obatan LLC offer. Read more here.
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Need help coping with the financial impact of COVID-19? Here’s how the federal government intends to support Canadians through this pandemic.*
The Canada Recovery Caregiving Benefit (CRCB) offers $500 per week for up to 26 weeks per household. This benefit applies to workers who:
Here’s more information on the Canada Recovery Caregiving Benefit.
Canadian banks are working with their customers on a case-by-case basis in relation to providing COVID-19 support. Please contact your bank or financial institution to discuss mortgage deferral.
The Canada Mortgage and Housing Corporation (CMHC) and other mortgage insurers are allowing homeowners impacted by COVID-19 to defer up to six monthly mortgage payments.
They can receive the Canada Recovery Benefit (CRB). This benefit offers $500 per week for up to 26 weeks for workers who:
Or, they can apply for the Canada Recovery Sickness Benefit (CRSB). This benefit offers $500 per week for up to a maximum of two weeks, for workers who:
Here's more information on the Canada Recovery Benefit and the Canada Recovery Sickness Benefit.
They can receive a one-time, tax-free payment of $600. This applies to Canadians with disabilities who are:
Canadians with Registered Retirement Income Funds (RRIFs) and Registered Pension Plans may reduce their minimum withdrawals by up to 25% in 2020. To request a reduction, please contact us.
The government has made changes to the Canada Student Loans Program (CSLP) to allow more students to qualify for support.
These changes include doubling the Canada Student Grants in 2020-21 to:
The Canada Student Grants for Students with Permanent Disabilities and Students with Dependents would also be doubled.
Here's more information about the changes to the Canada Student Loans Program.
The Canada Emergency Wage Subsidy (CEWS) offers a wage subsidy to eligible employers. This subsidy covers a portion of an employee’s wages and can help employers re-hire staff or avoid layoffs.
All eligible employers who’ve experienced a revenue drop can apply. Your subsidy amount is based on your revenue drop.
Here’s more information on the Canada Emergency Wage Subsidy and support for businesses.
* For updates on when these actions will take effect, please visit the Government of Canada’s page on the COVID-19 Economic Response Plan.
Visit your provincial or territorial government’s website for information on how they’re providing COVID-19 support:
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