UPDATE: (JUNE 1) – Seniors – One Time Tax Free Payment to issue as soon as possible – Source
We will endeavor to provide another update when we have learned of the payment date. You are receiving this email as you have indicated an interest in Seniors Initiatives, if at any time you would no longer like to receive updates, please reply to this email.
You do not have to apply for the additional support. You will receive the payment as soon as possible.
The payment for seniors provides support through a one-time payment:
This measure will give a total of $500 to seniors who receive both the Old Age Security pension and the Guaranteed Income Supplement, and will help them cover increased costs caused by COVID-19.
The one-time payment for seniors is available to individuals who are eligible to receive the Old Age Security pension or the Guaranteed Income Supplement in June 2020.
How to apply
You do not have to apply. All individuals who are eligible to receive the Old Age Security pension or the Guaranteed Income Supplement in June 2020 will receive the one-time payment for seniors.
Date of payment
The payment will issue as soon as possible.
Method of payment
The one-time payment for seniors will be paid to your bank account if you are enrolled for Direct Deposit. If you are not enrolled for Direct Deposit, you will receive a cheque.
We encourage recipients of the Old Age Security pension and the Guaranteed Income Supplement who currently receive monthly payments by cheque to sign up for direct deposit to avoid payment delays.
Everyone will receive one payment.
If you only receive the Old Age Security pension, you will receive a single payment of $300.
If you receive the Old Age Security pension and the Guaranteed Income Supplement, you will receive a single payment of $500.
If you receive the Allowance or the Allowance for the Survivor, you will receive a single payment of $500.
Spouse and common-law partner
You and your spouse or common-law partner will each receive $500 if you are both receiving the Guaranteed Income Supplement.
For couples where one partner receives the Guaranteed Income Supplement and one partner (between the age of 60 and 64) receives the Allowance, the partner receiving the Guaranteed Income Supplement will receive $500 and the partner receiving the Allowance will receive $500.
Allowance for the Survivor
Recipients of the Allowance for the Survivor will receive the $500 for the Guaranteed Income Supplement.
The one-time payment for seniors is non-taxable. You will receive the full amount (no withholds). You will not receive a tax slip and you will not have to report this amount in your 2020 tax return.
We reduced the required minimum withdrawals from Registered Retirement Income Funds (RRIFs) by 25 per cent for 2020.
We are contributing $9 million through United Way Canada for local organizations to support practical services to Canadian seniors. These services could include the delivery of groceries, medications, or other needed items, or personal outreach to assess individuals’ needs and connect them to community supports.
United Way for the City of Kawartha Lakes is now accepting applications for the Emergency Community Support Fund to help charities and non-profit organizations serve and support vulnerable Canadians during the COVID-19 pandemic.
We are expanding the New Horizons for Seniors Program with an additional investment of $20 million to support organizations that offer community-based projects that reduce isolation, improve the quality of life of seniors, and help them maintain a social support network.
For all organizations who received funding under the 2019-2020 New Horizons for Seniors Program community-based stream, funding can be used to provide immediate and essential services to seniors impacted by COVID-19.
UPDATE: (MAY 19) – CEBA program will be expanded to include sole proprietors (owner operators), dividend earners, and business owners employing contractors.
Please see the official press release for more information/clarification: https://pm.gc.ca/en/news/news-releases/2020/05/19/prime-minister-announces-expansion-support-workers-and-small
UPDATE: (MAY 12) – The Government of Canada has announced a financial support program for seniors. This plan includes;
– Expanding the New Horizons for Seniors Program with an additional investment of $20 million to support organizations that offer community-based projects that reduce isolation, improve the quality of life of seniors, and help them maintain a social support network
– One-time tax-free payment to eligible seniors:
$300 for Old Age Security (OAS) pension eligible seniors
$200 for Guaranteed Income Supplement (GIS) eligible seniors
– Temporary extension of Guaranteed Income Supplement/ Allowance payments if seniors’ 2019 income information has not been assessed. To avoid an interruption in benefits, seniors are encouraged to submit their 2019 income information as soon as possible and no later than by October 1, 2020.
UPDATE: (MAY 5) – Today, the government announced $252 million in funding for the agriculture sector. The funding includes:
UPDATE: (APRIL 30) – Canada Mortgage and Housing have provided a web form to be completed this will allow them to keep anyone interested in the Canada Emergency Commercial Rent Assistance (CECRA) Program up to date for the application intake – https://www.cmhc-schl.gc.ca/en/finance-and-investing/covid19-cecra-small-business
UPDATE: (APRIL 22) – Today the Prime Minster announced: Details on the new Canada Emergency Student Benefit: 1,250 a month from May to August. If you take care of someone else or have a disability 1,750 each month. Applies to post-secondary school in school now, those headed there in Sept or if you graduated in Dec 2019. For students who have a job, they are eligible if they make 1000 a month or less.
Benefit will kick in May 1st with payments via CRA.
Government is also creating the Student Service Grant, saying students who volunteer to help fight COVID-19 will be eligible for a 1000-1500 payment depending on the hours.
More details to come.
UPDATE: (APRIL 21) – A new calculator is being launched on the Canada Revenue Agency (CRAs) website to help businesses determine how much they will be able to claim through the wage subsidy program. Employers will be able to apply as of Monday, April 27 for the 75 per cent salary top-up to keep staff on the payroll. Until then, business are invited to updated their business profile on the CRA website. The wage subsidy program passed Parliament on April 11, and will provide up to $847 a week per employee for 12 weeks, retroactive to March 15, for companies big and small as well as charities.
The federal government is setting up a $350 million Emergency Community Support Fund to help charities and non-profits keep up their work assisting Canada’s most vulnerable through the COVID-19 pandemic. The new funding will go to small front-line organizations, as well as larger national groups. More details to come.
UPDATE: (APRIL 17) – Government of Canada COVID-19 FAQ Updated. (See below)
UPDATE: (APRIL 16) – Today Prime Minister Trudeau announced expansions to the Canada Emergency Business Account.
The account will be available to any business that spent between $20,000 – $1.5 million on payroll. More details will be announced soon.
The Prime Minister also announced there will be new help for small businesses when it comes to commercial rent for May and June. This still needs to be arranged with provincial premiers, as rents are provincial responsibility.
UPDATE: (APRIL 15) – IMPORTANT INFORMATION FROM THE ONTARIO PROVINCIAL GOVERNMENT
On the advice of the Chief Medical Officer of Health and with the approval of the Ontario legislature, the Ontario government is extending the Declaration of Emergency under the Emergency Management and Civil Protection Act for a further 28 days.
This will allow the government to continue to use every tool at its disposal to protect the health and safety of the people of Ontario during the COVID-19 pandemic.
For more information visit https://news.ontario.ca/opo/en/2020/04/ontario-extends-declaration-of-emergency-to-continue-the-fight-against-covid-19.html?fbclid=IwAR3RiYeHXgume56mrNAUBYYf_JwgC6-WnpXYt628DD16z5VWWBVB80JHbVU
UPDATE: (APRIL 14) –The federal government announced that effective at midnight, any Canadian who returns from abroad and is not able to explain a “credible quarantine plan” will be required to quarantine in a location determined by the government, such as a hotel. Self-isolation for a minimum 14-day period is legally required, with stiff penalties for non-compliance.
UPDATE: (APRIL 2) – Apply for Canada Emergency Response Benefit (CERB) with CRA at the following link:
UPDATE: (APRIL 1) – While details are just emerging from Minister Morneau’s announcement, here is what we know so far:
April 1, 2020 Minister Bill Morneau announcement on the Wage Subsidy
New – Employer must reapply each month to the Wage Subsidy Program through an online Canada Revenue Agency portal to be established within the next several weeks (6 wks).
UPDATE: (MARCH 27) – New for Businesses
Wage Subsidy Increased for Employers from 10% to 75% backdated to March 15, 2020
Canada Emergency Business Account – Interest Free First Year of a Loan up to $40,000 with a potential for a $10, 000 forgivable portion
Deferred HST/GST payments and duty on imports until June 2020. Additional measures coming soon.
Watch for Updates & Application Details https://www.canada.ca/en/department-finance/economic-response-plan.html
UPDATE: (MARCH 24) – Ontario Government releases list of Essential Businesses. (CLICK HERE TO VIEW)
UPDATE: (MARCH 23) – Ontario Government announces the mandatory closure of non-essential workplaces to slow COVID-19. More details to come
Canada Emergency Response Benefit (CERB)
Q: If a small business owner pays their salary through a dividend, are they eligible for the Canada Emergency Response Benefit (CERB)?
Q: Can an individual work or collect any income while collecting the Canada Emergency Response Benefit (CERB)?
Q: I applied for the CERB and received $4,000 dollars in one payment, what do I do?
Q: Can I collect CERB if I lost my income but I currently collect CPP and OAS?
Q: Will being on CERB affect future Maternity/Parental leave benefits?
Q: Can I collect CERB if I was supposed to start a job but that job is not going to happen due to COVID?
Q: Can I collect CERB if I am not a citizen?
Q: Do I have to be laid off to collect CERB?
Q: I would be making more than $500 a week on EI, but CERB only pays me $500. Can I get back on EI or get more money?
Q: Can my employer top-up my income if I am collecting CERB?
Q: I saw in the news that if you apply for CERB you will get it even if you aren’t eligible. Is that true?
Q: Are small business owners, who pays themselves through dividends, eligible for the Canada Emergency Wage Subsidy (CEWS)?
Q: Is there a revenue threshold small businesses must have to qualify for the Canada Emergency Wage Subsidy?
Q: If an employer wanted to only keep, for example 7 out of 10 employees; is that allowed under the program? Or do employers need to show that they are trying to keep all employees on payroll through the CEWS?
Q: The language used in the CEWS backgrounder could lead innovative companies that receive government grants for scientific research and development (such as SR&ED) to believe that the CEWS will act as an “advance” for any assistance they receive from the government. Can you please clarify this?
Q: Can a business receive both the 10% wage subsidy and the 75% wage subsidy, for a total of 85%?
Q: How will the 75% wage subsidy be delivered? Are you going to use the same mechanism for the 75% wage subsidy as for the 10% wage subsidy (i.e. deemed remittances)?
Q: Will the Canadian Emergency Wage Subsidy work for farmers, ranchers, feedlot operators?
Q: If a small business closed because they’re considered non-essential and laid off employees, can they only benefit from CEBA, CERB and GST/HST tax remittances? The wage subsidy wouldn’t apply to them because they can’t re-open or sell online, correct?
Q: Will the wage subsidy program be available for Canadian employees of US based companies operating in Canada?
Q: Do unincorporated businesses qualify for the wage subsidy?
Q: An ownership entity includes an aboriginal band and does not possess a taxable ID number, are they eligible for the wage subsidy?
Q: What are the eligibly criteria for businesses to apply?
Q: Where do eligible businesses apply?
Q: Do political office holders qualify for the CEBA?
Q: Do small businesses without a payroll qualify for the CEBA?
Q: What is the Government doing on mortgages?
Q: Shouldn’t the banks be working on pausing mortgage payments, interest free, until people are allowed to go back to work?
Q: I’m a landlord. My renters don’t have to pay rent during this crisis, but I still have to pay my mortgage. What are you doing to support landlords?
Copyright © 2020 | From the office of Jamie Schmale, MP