Relief for Individuals

Relief for Individuals

*As of January 22, 2021


Support for Lost Income

Support for Lost Income

Description

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Application Process

Employment insurance (EI) sickness benefit

EI regular or sickness benefits are still available. The one-week waiting period for EI sickness has been waived for claimants who have been quarantined, as has the requirement to provide a medical certificate.

Unchanged from the past. If eligible for both EI and CERB, CERB will be paid first (regardless of whether it is higher or lower than EI) for the respective period. If still eligible for EI at the end of the CERB eligibility period, EI will be available as normal.

Applications for EI regular or sickness benefits for periods commencing on or after March 15 are being processed through CERB.

Canada Recovery Benefit (CRB)
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A taxable benefit to support employed and self-employed individuals who are not entitled to EI benefits and have had their income reduced by at least 50% due to COVID-19. Do not apply for CRB if you have already applied for EI.

$500 per week for up to 26 weeks. Begins September 27, 2020 to September 25, 2021

Online through CRA's My Account portal or by automated phone service (1-800-959-2019 or 1-800-959-2041.

Other Support

Other Support

Description

What is it worth?

Application Process

Mortgage support
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Case-by-case support to assist with mortgage payments, including the possibility to defer up to six monthly mortgage payments (interest and penalty).

Variable based on outstanding mortgage.

Contact your lending institution.

Minimum RRIF withdrawal

The minimum withdrawal from a RRIF or a money purchase pension plan for 2020 (computed as a percentage of its value on January 1, 2020) will be reduced by 25%.

Tax on 25% reduction deferred until funds are withdrawn in the future.

Contact your financial institution for process to reduce withdrawals.