As your Member of Parliament, it is my job to keep you as informed as possible. The following information is our understanding of government programs available due to the virus outbreak. Please understand that the situation is constantly evolving and information is subject to change at a moment’s notice. Check our website periodically for updates as they become available.
"Re-Open Saskatchewan" Plan
Find Financial Help During COVID-19
COVID-19 Symptom Self-Assessment Tool:
Canada Emergency Response Benefit (CERB):
The CERB is designed for workers who lose their income as a result of COVID-19. It will cover Canadians who have lost their job, are sick, quarantined, or taking care of someone who is sick with COVID-19 as well as working parents who must stay home without pay to care for children. The CERB applies to wage earners, contract workers, and self-employed individuals.
- You must have earned at least $5,000 in the 12 months prior to the application date.
- You must be a Canadian resident, at least 15 years old.
- You may earn up to $1,000 per month.
Online application began on Monday, April 6th
Access your CRA My Account secure portal: (sign in or register as new user)
Employment Insurance (EI)
If you have been laid off, you may apply for EI through the internet or telephone. Note that most Service Canada locations are now closed to the public.
However, the EI system is currently overwhelmed and the government intends to transfer any unprocessed EI claims to the new CERB once it is available. Therefore, some workers will receive EI and others will receive CERB (but not both).
Access your My Service Canada Account: (sign in or register as new user)
Increased Canada Child Benefit
Anyone currently receiving the Canada Child Benefit will receive an extra $300 per child on their May payments.
Anyone receiving a GST credit payment will see an additional amount of up to $400 for individuals and $600 for couples. This one-time special payment will be paid starting April 9th.
Canada Emergency Student Benefit (CESB)
The government will pay a benefit of $1,250 per month from May through August.
Support for Seniors
Seniors will receive a one-time, tax-free payment of $300 for those eligible for Old Age Security (OAS) and an additional $200 for those eligible for Guaranteed Income Supplement (GIS).
There is no application process as eligible seniors (as of June 2020) will receive these payments automatically.
These one-time special payments will be paid in July 2020.
CHARITIES & BUSINESSES
EMERGENCY COMMUNITY SUPPORT FUND (ECSF)
United Way of Saskatoon and Area is a proud partner with the Federal Government to provide financial support to charities and other qualified donees, who have adapted their frontline services to support vulnerable Canadians during the COVID-19 pandemic.
Charities, qualified donees, and community organizations are encouraged to visit the United Way Saskatoon website for details, eligibility and how to apply for funding: https://unitedwaysaskatoon.ca/emergency-community-support-fund/
ECSF application deadline: Friday, June 12, 2020 at 4:00 pm.
MANUAL ROE FORM
The government has provided employers and employees with a manual ROE form as a temporary workaround solution for EI.
The employee can complete most sections, and the employer needs to help them fill in the earnings section so the amounts are accurate -- to avoid any overpayment.
Download the pdf form here:
Employment Insurance (EI) Work Sharing
An employer may agree with employees to reduce their normal working hours. This allows workers to be paid for some of their hours and receive EI for the remainder of their hours. The government is easing eligibility requirements and streamlining the application process. Maximum duration of work-sharing extended to 76 weeks.
Canada Emergency Wage Subsidy (CEWS)
To support organizations that are facing revenue losses, eligible businesses and charities may apply for a wage subsidy. Amount: 75% of wages paid for up to 12 weeks, retroactive to March 15, 2020.
- taxable corporations
- partnerships consisting of eligible employers, non‑profit organizations and registered charities
Eligibility as we currently understand:
A reduction in revenues of at least 15% in March and 30% in April and May compared to either:
- Same month in 2019, or
- Average of January and February 2020
- Businesses can begin applying on Monday April 27
Calculate your wage subsidy online:
NOTE: If your business does not qualify for the Canada Emergency Wage Subsidy, you still qualify for the 10% wage subsidy to a maximum of $1,375 per employee and $25,000 per employer. Simply calculate the 10% and deduct it from your monthly remittances.
Income Tax Filing, Payment and Audits
Businesses must continue to file their taxes as normal. Businesses may defer any tax payments (including instalments) until August 31, 2020. The government will not be conducting audits for small and medium sized businesses until at least May 2020.
Canada Emergency Business Account (CEBA)
A new loan program will be implemented rapidly by eligible financial institutions in cooperation with Export Development Canada (EDC), providing interest-free loans of up to $40,000 to small businesses and not-for-profits.
To qualify, you must have paid between $20,000 and $1.5 million in total payroll in 2019 or eligible expenses between $40,000 and $1.5 million.
To apply, contact your financial institution.
Working Capital (Credit)
BDC, EDC and Farm Credit Canada will be available to provide loans to small and medium sized businesses and farms. Contact these organizations directly for more information.
Canada Emergency Commercial Rent Assistance (CECRA)
The government intends to provide loans to commercial property owners to assist with rent payments from small businesses.
Details here: CMHC - COVID–19: CECRA for small businesses