Covid-19 Benefits , Tax Credits and other Financial Assistance

Covid-19 Benefits and assistance

Are you working from home? Pay attention to this tax credit announced $400 Tax Credit with no questions asked. Make sure you are aware of the traditional tax credits you are eligible for just from working from home! Make sure you are saving your receipts! Check out what it’s saying here

Do you have kids under 6 years old? Read this article to see how you will be getting $1200 more per child if you make under $120 000 next year!!

There are currently 5 federal programs running that you could benefit from

Canada Recovery Benefit (CRB) Employed and self employed individuals who are effected by the Covid-19 pandemic and don’t qualify for EI benefits can apply

Canada Recovery Care giving Benefit (CRCB) If you are unable to work because of the Covid-19 pandemic due to caring for your child or a family member that needs supervised care.

Canada Recovery Sickness Benefit (CRSB) Employed or self-employed individual who are sick and need to self isolate due to Covid-19 pandemic can apply.

Canada Emergency Rent Subsidy (CERS) Business, no profits and charities that are impacted financially by Covid-19 pandemic can apply for a subsidy to cover part of their commercial rent and property expenses

Canada Emergency Wage Subsidy (CEWS) Employers can apply to receive part of their employee wages to support start of bring them back to work

You can see the details and how to apply for all 5 of these programs by visiting the official government site here

In additional to federal benefits there are provincial benefits you may qualify for. Each day I will research and add the additional provinces

We will start with Nova Scotia!

Nova Scotia Government is waiving the $5 co-pay prescription charge for people in the Income Assistance Program and Low Income Pharmacare for Children Program

1 2% cap on rental increases for existing tenants and a ban on renovations is in place until February 1st 2022 or until the state of emergency is lifted.

Student Loan payments suspended until 30 September 2020

There are several options for business as well

Visit here to for all the details

If you know of benefits we missed please let us know in the comments and we will add them to help everyone!

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