“Originally published March 04, 2020. Last updated September 09, 2020”.
General Information
- DMCL CPA Articles on COVID-19: Visit our accounting blog for the latest COVID-19 updates.
- Detailed Report from Thomson Reuters: Federal and Provincial Relief
Government of Canada Support
Support for Individuals
- Mortgage Deferral
- Extension of Federal Tax Filing and Payment Deadlines
- Canadian Credits and Support Payments
- Increasing the Canada Child Benefit
- Increasing Goods and Services Tax Credit Payment
- New Canada Emergency Response Benefit (CERB)
- Reduced Minimum Withdrawals for Registered Retirement Income Funds
- A Moratorium on the Repayment of Canada Student Loans (Additional information: NSLSC)
- Changes to Employment Insurance Benefit Rules
- Work Sharing
- Work Sharing: Forestry, Steel, Aluminum Sector
- Canada Emergency Student Benefit
Support for Businesses
- 75% Canada Emergency Wage Subsidy (Additional information: Link I, Link II, Link III, Frequently Asked Questions)
- 10% Temporary Wage Subsidy for Employers Who Don’t Qualify for the 75% Canada Emergency Wage Subsidy
- Financing Support for Businesses and Entrepreneurs (Additional information: BDC)
- Canada Emergency Business Account
- Canada Emergency Commercial Rent Assistance
- Small and Medium Enterprises New Loan Guarantee and Co-Lending Program (Additional information: Department of Finance)
- New Loan Guarantee Through Export Development Canada (EDC)
BC Tax Relief and Deferrals
- Summary (Additional information: March 27th Update)
- $1,000 B.C. Emergency Benefit for Workers
Rent Support
BC Hydro Relief
ICBC Customer Relief
BC Climate Action Tax Credit
US Tax Information
Federal
- Economic Impact Payments (Additional information: IRS)
- Individual Tax Deadlines
- Loan under the Payment Protection Program (“PPP”)
- Low Interest Economic Injury Disaster (“EIDL”) Loans (Additional information: SBA)
- Small Business Loans and Grants
- US Cares Act (Additional information: NAHB)
