NASIMCO EMERGENCY RELIEF FUND
For over 12 million low- and modest-income families, who may require additional help with their finances, the Government is proposing to provide a one-time special payment by early May 2020 through the Goods and Services Tax credit (GSTC).
Canadian banks have committed to work with their customers on a case-by-case basis to find solutions to help them manage hardships caused by COVID-19. Canadians who are impacted by COVID-19 and experiencing financial hardship, as a result, should contact their financial institution regarding flexibility for a mortgage deferral. This allows flexibility to be available − when needed − to those who need it the most.
As news around COVID-19 continues to evolve at a rapid-fire pace and uncertainty looms over seemingly everything, it’s easy to feel overwhelmed.
Various initiatives have been announced by the Government of Canada to help small businesses during this difficult time.