Canada Emergency Response Benefit (CERB) Provides $2000/month to workers who lose income due to COVID-19, including contractors and self-employed people. (Note: Previous description implied only those who do not qualify for EI are eligible for CERB. However, CERB may actually take the place of EI for new applicants when available. In the meantime, those who qualify for EI should continue to submit for EI, as it is a benefit that lasts up to 45 weeks and can continue after the CERB benefit ends on Oct 3.) Check back early April for application instructions. More info here.
BC Emergency Benefit One-time additional tax-free payment of $1000 to those on EI or CERB. Check back for application instructions.
INCOME SUPPLEMENTS FOR PEOPLE
GST-credit One-time boost of up to $600 per eligible couple, $400 for eligible individuals in May. Benefit is paid out according to your income tax return. More info here.
Climate Action Tax Credit One-time boost of up to $564 for eligible families of 4 and $218 for eligible individuals in an enhanced payment in July. Children under 18 years old must be registered for the CCB to qualify. No other action is needed; benefit is paid out according to your income tax return. More info here.
🧾 Income tax return Filing due date is deferred to June 1. Payments owed are deferred until after August 31. BUSINESSES (GENERAL)
⚡BC Hydro Bill deferral and payment plans. Call 1-800-BC-HYDRO.
Canada Emergency Wage Subsidy Covers up to 75% of wages for businesses, charities, and non-profits that have lost more than 30% of their revenue. Max subsidy of $847 per week per employee, backdated to March 15. Check back for application instructions.
—–Canada Emergency Business Account: Loans of up to $40,000 for small businesses and not-for-profits, interest-free for one year. A portion may be forgivable. Available mid-April.
—– Loan Guarantee: Operating credit and cash flow term loans of up to $6.25 million to SMEs. Available mid-April.
—–Co-Lending Program: Co-lend term loans to SMEs for their operational cash flow requirements. Eligible businesses may obtain incremental credit amounts of up to $6.25 million through the program. Available mid-April. Speak with your financial institution. Learn more.
🧾 BC business taxes Payments for Employer health tax (EHT), provincial sales tax (PST), municipal and regional district tax, tobacco tax, motor fuel tax, and carbon tax are deferred until after Sept 30. Scheduled April 1 increases to provincial carbon tax and PST are deferred.
🧾 School Tax Cut of 50% for business and industry property classes, to be passed onto tenants on triple-net leases.
Arts & Culture sector $3-million Arts and Culture Resilience Supplement to give operating and eligible project clients a supplement of up to $15,000. Clients will receive a 50% advance on 2020-21 funding. Via BC Arts Council.
️ Tourism businesses in national parks and historic sites Tourism operators in national parks, historic sites, and marine conservation areas will have payments on commercial leases and licences of occupation deferred without interest until September 1. Wait to be contacted by Parks Canada.
Seafood sector Seafood growers, shellfish farmers, and processors, will have access to the $5 billion Farm Credit Canada loan program. Via FCC.
🥫 Food Banks BC Funding boost to Food Banks British Columbia, who will distribute the money among food banks province wide.
Funding boost to Kids Help Phone, which provides young people with mental health support.
United Way Canada Funding boost to United Way Canada for local organizations to support practical services to Canadian seniors, such as: Delivery of groceries, medications, or other needed items, or personal outreach to assess individuals’ needs and connect them to community supports.