Programs, details and logistics are updated daily. Be sure to check the Federal Government website for more information. This is what we know:
Canada Emergency Response Benefit - available April 6
The CERB pays a monthly, tax-free $2,000 payment to workers who wouldn’t otherwise be eligible for employment insurance. Any Canadian who has stopped working for a 14-day period due to COVID-19 can qualify for the new benefit, which covers a period of up to 16 weeks. Applications open online and by phone on Monday, April 6.
If you have been approved for EI benefits on or after March 15, you will be moved over to the new emergency benefit when it becomes available. If you were already receiving EI, you can switch to CERB if your benefits end before October and are jobless due to COVID-19. EI-eligible workers should apply for EI now rather than wait for the CERB application to come online on April 6.
Your employer may be eligible for Wage Subsidies. This program is aimed to help businesses retain and return workers to their payroll. Keep in touch with your employer to find out if you will receive this aid.
Effective March 30, there is a six-month interest-free moratorium on the repayment of Canada Student Loans for all student loan borrowers. No payment will be required, interest will not accrue during this time and students do not need to apply for the repayment pause.
Mental health support
Kids Help Phone has received additional funding to provide young people with the mental health support they need during this difficult time.
Practical services for Seniors
Increased funding to the United Way will provide services to seniors that include the delivery of groceries, medications, or other needed items, or personal outreach to assess individuals’ needs and connect them to community supports.
Other aid for families and individuals:
Increasing the Canada Child Benefit. This benefit will be delivered as part of the scheduled CCB payment in May. Those who already receive the Canada Child Benefit do not need to re-apply.
Special Goods and Services Tax credit payment by early May as a one-time special payment. There is no need to apply for this payment. If you are eligible, you will get it automatically.
Extra time to file income tax returns until June 1, 2020.
CCEC Is Here to Help
CCEC is your local credit union. We are here to help you. Call us Tuesday to Friday 9:30am-5:00pm. Please try not to visit the branch and use ATM’s, online and telephone banking. We are offering flexibility on Loans and Mortgage Payments - call us or email so that we can review your options. Be sure to call us and we can help you to securely and safely handle your banking needs.