COVID-19 updates | MyConsultant

COVID-19 updates

During the COVID-19 outbreak, the Canadian federal government is providing the following benefits:

Increased flexibility for homeowners facing financial difficulties to defer mortgage payments on homeowner CMHC-insured mortgage loans, through the CMHC.

The government is waiving the one-week waiting period for Canadians claiming Employment Insurance (EI) sickness benefits. This includes those without paid sick leave, who are sick, quarantined or forced to stay home to care for children. This is effective as of March 15, 2020.

The Canada Revenue Agency will allow all businesses to defer income tax filling until after August 31, 2020 and for individuals (other than trusts), the return filing due date will be deferred until June 1, 2020.

For information please refer to the links below: