This is from our accountants; take advantage if you can!
The government is offering some relief,
A. The Government will waive the one-week waiting period for EI for those individuals in imposed quarantine.# This is effective March 15, 2020.## # # # #
No medical certificate will be required to access the EI sickness benefits.
B. The Government announced the Emergency Care Benefit to provide up to $900 bi-weekly, for up to 15 weeks.# This will be administrated by Canada Revenue Agency.# Support will be provided to:
Workers including the self-employed, who are quarantined or sick with COVID-19 but do not qualify for EI sickness benefits.
Workers, including the self-employed, who are taking care of a family member who is sick with COVIC-19 such as an elderly parent, but do not qualify for EI sickness benefits.
Parents with children who require care or supervision due to school closures, and are unable to earn employment income, irrespective of whether they qualify for EI or not.
Application for the Benefit will be available in April 2020.# Canadians will be required to attest that they meet the eligibility requirements and they will need to re-attest every two weeks to reconfirm their eligibility.
C. The Government introduced an Emergency Support Benefit which will be delivered by Canada Revenue Agency to support workers who are not eligible for EI and who are facing unemployment. #
D.The Government is going to implement an EI Work Sharing Program which will provide EI benefits to workers who agree to reduce their normal working hours as a result of developments beyond the control of their employers, by extending the eligibility of such agreements to 76 weeks, easing eligibility requirements and streamlining the application process. #
E.For low and modest-income families the Government is going to increase the Goods and Services Tax credit (GSTC) for the month of May.# It will double the maximum annual GSTC payments for 2020.# The average boost to income for those benefiting will be close to $400 for single individuals and $600 for couples. #
F.The Government is also going to assist families with children by increasing the Canada Child Benefit (CCB) payment amounts for 2020 by $300 per child.# These families will receive an extra $300 per child as part of their May payment.#
G. The Bank of Canada and the Canada Mortgage and Housing Corporation are putting tools in place to ensure that Canadians do not lose their homes during this difficult time.# The important thing to remember is if you are having difficulty paying your mortgage due to losing your job due to COVID or illness due to COVID please call your bank and discuss this with them.# All the big banks have stated they have a plan in these cases to put a 6-month mortgage payment deferral plan in place.
Be sure to take Advantage if you can!
Take care TNA Family and keep your finger nails cut short!
Stanley and the gang
The government is offering some relief,
A. The Government will waive the one-week waiting period for EI for those individuals in imposed quarantine.# This is effective March 15, 2020.## # # # #
No medical certificate will be required to access the EI sickness benefits.
B. The Government announced the Emergency Care Benefit to provide up to $900 bi-weekly, for up to 15 weeks.# This will be administrated by Canada Revenue Agency.# Support will be provided to:
Workers including the self-employed, who are quarantined or sick with COVID-19 but do not qualify for EI sickness benefits.
Workers, including the self-employed, who are taking care of a family member who is sick with COVIC-19 such as an elderly parent, but do not qualify for EI sickness benefits.
Parents with children who require care or supervision due to school closures, and are unable to earn employment income, irrespective of whether they qualify for EI or not.
Application for the Benefit will be available in April 2020.# Canadians will be required to attest that they meet the eligibility requirements and they will need to re-attest every two weeks to reconfirm their eligibility.
C. The Government introduced an Emergency Support Benefit which will be delivered by Canada Revenue Agency to support workers who are not eligible for EI and who are facing unemployment. #
D.The Government is going to implement an EI Work Sharing Program which will provide EI benefits to workers who agree to reduce their normal working hours as a result of developments beyond the control of their employers, by extending the eligibility of such agreements to 76 weeks, easing eligibility requirements and streamlining the application process. #
E.For low and modest-income families the Government is going to increase the Goods and Services Tax credit (GSTC) for the month of May.# It will double the maximum annual GSTC payments for 2020.# The average boost to income for those benefiting will be close to $400 for single individuals and $600 for couples. #
F.The Government is also going to assist families with children by increasing the Canada Child Benefit (CCB) payment amounts for 2020 by $300 per child.# These families will receive an extra $300 per child as part of their May payment.#
G. The Bank of Canada and the Canada Mortgage and Housing Corporation are putting tools in place to ensure that Canadians do not lose their homes during this difficult time.# The important thing to remember is if you are having difficulty paying your mortgage due to losing your job due to COVID or illness due to COVID please call your bank and discuss this with them.# All the big banks have stated they have a plan in these cases to put a 6-month mortgage payment deferral plan in place.
Be sure to take Advantage if you can!
Take care TNA Family and keep your finger nails cut short!
Stanley and the gang