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:
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.
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:
They can receive a one-time, tax-free payment of $600. This applies to Canadians with disabilities who are:
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.
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.
* 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: