Covid 19 – Financial Assistance for Canadians


The Government of Canada has introduced a financial plan to assist people who are Unemployed, Sick, Quarantined or in Self-Isolation. Additional measures have been implemented for Individuals, Families, Seniors and Youth.

Support for Support for Families and Individuals

Increasing the Canada Child Benefit (“CCB”)

The Government of Canada (“Government”) is providing an extra $300 per child through the Canada Child Benefit (CCB) for 2019-20. This will mean approximately $550 more for the average family. 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

The Government is providing a one-time special payment by early May through the Goods and Services Tax credit for low- and modest-income families. The average additional benefit will be close to $400 for single individuals and close to $600 for couples. 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

The Government is deferring the filing due date for the 2019 tax returns of individuals. For individuals (other than trusts), the return filing due date will be deferred until June 1, 2020.

The Government will also allow any new income tax balances due, or installments, to be deferred until after August 31, 2020 without incurring interest or penalties.

Note: If you expect to receive benefits under the Goods and Services Tax credit or the Canada Child Benefit, the Government is encouraging you to not delay your 2019 return filing to ensure that your entitlements are properly determined.

Support for People Facing Unemployment

The New Canada Emergency Response Benefit (CERB)

The Government will provide a taxable benefit of $2,000 a month for up to 4 months to eligible workers who have lost their income due to COVID-19. The Canada Emergency Response Benefit will be accessible online in early April.

The benefit will be available to:
-Workers residing in Canada, who are at least 15 years old, who have stopped working because of COVID-19 or are eligible for Employment Insurance regular or sickness benefits
-Who had income of at least $5,000 in 2019 or in the 12 months prior to the date of their application
– Who are or expect to be without employment or self-employment income for at least 14 consecutive days in the initial four-week period. For subsequent benefit periods, they expect to have no employment income.

The income of at least $5,000 may be from any or a combination of the following sources: employment; self-employment; maternity and parental benefits under the Employment Insurance program and/or similar benefits paid in Quebec under the Quebec Parental Insurance Plan.

Apply for Employment Insurance
If you have lost your job through no fault of your own and qualify for Employment Insurance benefits, you can submit your request immediately.

Support for People Who are Sick, Quarantined, or in Directed Self-Isolation

The New Canada Emergency Response Benefit (CERB)

The Government will provide a taxable benefit of $2,000 a month for up to 4 months to eligible workers who have lost their income due to COVID-19. The Canada Emergency Response Benefit will be accessible online in early April.

The benefit will be available to:
-Workers residing in Canada, who are at least 15 years old, who have stopped working because of COVID-19 or are eligible for Employment Insurance regular or sickness benefits
-Who had income of at least $5,000 in 2019 or in the 12 months prior to the date of their application
– Who are or expect to be without employment or self-employment income for at least 14 consecutive days in the initial four-week period. For subsequent benefit periods, they expect to have no employment income.

The income of at least $5,000 may be from any or a combination of the following sources: employment; self-employment; maternity and parental benefits under the Employment Insurance program and/or similar benefits paid in Quebec under the Quebec Parental Insurance Plan.

Improved Access to Employment Insurance Sickness Benefits
If you are sick, quarantined or have been directed to self-isolate, the Government will waive the requirement to provide a medical certificate to access EI sickness benefits.

Support for People Who are Unable to Work

The New Canada Emergency Response Benefit (CERB)

The Government will provide a taxable benefit of $2,000 a month for up to 4 months to eligible workers who have lost their income due to COVID-19. The Canada Emergency Response Benefit will be accessible online in early April.

The benefit will be available to:
-Workers residing in Canada, who are at least 15 years old, who have stopped working because of COVID-19 or are eligible for Employment Insurance regular or sickness benefits
-Who had income of at least $5,000 in 2019 or in the 12 months prior to the date of their application
– Who are or expect to be without employment or self-employment income for at least 14 consecutive days in the initial four-week period. For subsequent benefit periods, they expect to have no employment income.

The income of at least $5,000 may be from any or a combination of the following sources: employment; self-employment; maternity and parental benefits under the Employment Insurance program and/or similar benefits paid in Quebec under the Quebec Parental Insurance Plan.

The Benefit is only available to individuals who stopped work as a result of reasons related to COVID-19
If you are looking for a job but haven’t stopped working because of COVID-19, you are not eligible for the Benefit.

Support for Seniors

Reduced Minimum Withdrawals for Registered Retirement Income Funds
The Government of Canada (“Government”) is reducing the required minimum withdrawals from Registered Retirement Income Funds (RRIFs) by 25% for 2020

Practical Services: Delivery of Items and Personal Outreach
The Government is contributing $9 million through United Way Canada for local organizations to support practical services to Canadian seniors. These services could include the delivery of groceries, medications, or other needed items, or personal outreach to assess individuals’ needs and connect them to community supports.

Support for Students and Recent Graduates

A Moratorium on the Repayment of Canada Student Loans
Effective March 30, the Government is placing a six-month interest-free moratorium on the repayment of Canada Student Loans for all student loan borrowers. No payment will be required and interest will not accrue during this time. Students do not need to apply for the repayment pause.

Support for Youth

Mental Health Support
The Government of Canada (“Government”) is giving $7.5 million in funding to Kids Help Phone to provide young people with the mental health support they need during this difficult time.

This information is regularly updated by the Government of Canada and was valid as of April 1, 2020. For up to date information please visit: https://www.canada.ca/en/department-finance/economic-response-plan.html

Kimmé Myles

Matching her knowledge of Toronto’s eclectic mix of central core neighbourhoods and impassioned by her diverse mix of buyers and sellers, Kimmé is naturally motivated to create a positive and professional experience. Kimmé does her homework and knows her inventory. She is genuine, honest and a straight shooter. Nor is she afraid to think “outside the box” as she employs creative strategies to make dreams become reality.

Born and raised in Toronto and coming from a successful fashion background in design and management, Kimmé could not have met a better match for her entrepreneurial skills than by working in Real Estate. Inspired by her father, well known Toronto clothier to the stars, “Lou Myles”, she learned from a very young age to work hard and strive for excellence.

Licensed since 2005 as a full time Sales Representative and a Broker since 2016, she continues to be proud to be affiliated with the Toronto office of Sotheby’s International Realty Canada and to be part of the highly respected world renowned global luxury brokerage, Sotheby’s International Realty.

Kimmé has received numerous sales awards throughout her career including the prestigious Gairdner, Diamond and President’s Awards. She has completed extensive negotiation training and is among a select group of realtors in Canada to hold the Master Certified Negotiation Expert (MCNE) Designation and the Certified Negotiation Expert (CNE) Designation. In addition, she is a member of the prestigious U.S. based Institute of Luxury Home Marketing and also carries the Luxe – Luxury Listing Specialist Designation. She holds the SRS Designation – Seller Representation Specialist and the SRES Designation –Senior Real Estate Specialist – both accredited programs through NAR – The National Association of Realtors, USA.

Entrusted with the life choices of her clients, Kimmé is truly honoured to have the opportunity to serve and assist others and does so with integrity, commitment and enthusiasm.

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