Know the major support program deadlines so you can plan ahead.
With everything that's going on, it can be hard to keep track of important deadlines when it comes to the various government supports and programs.
The following are major government and other support programs with important deadlines and dates to add to your calendar:
The June 1st filing deadline for T1 individuals, and the June 15th filing deadline for T1 self-employed individuals (sole-proprietors) is still in place.
Businesses, including self-employed individuals, can defer payments of the GST/HST until June 30th, 2020, as well as customs duty owing on their imports.
Employers who report and pay on a quarterly basis and Personal Optional Protection (POP) coverage holders have until June 30th, 2020 to defer payments without penalty.
Individuals eligible for three months of bill credit based on your average consumption have until June 30th, 2020 to apply.
Businesses eligible to have business electricity use charges waived for up to three months also have until June 30th, 2020 to apply.
Property owners have until August 31st, 2020 to apply for relief that lets them reduce an impacted small business tenant’s rent by at least 75% during the months of April, May and June 2020.
Eligible employers can apply for a subsidy of 75% of employee wages for up to 24 weeks, retroactive from March 15th, 2020 to August 29th, 2020.
From May 10th to August 29th, 2020, the CESB provides a payment to eligible students of $1,250 for each 4-week period or $2,000 for each 4-week period if you have dependants or a disability.
The temporary rental supplement (TRS) program runs until August 31st, 2020. It provides $500 per month for eligible households with dependents and $300 per month for eligible households with no dependents. Eligible roommates are also able to apply for the supplement.
Businesses can defer the payment of any income tax amounts that become owing on or after March 18 and before September 2020 until after August 31st, 2020. This relief would apply to tax balances due, as well as instalments.
All British Columbia student loan borrowers have had their repayments suspended from March 30th, 2020 to September 30th, 2020. During this time, no payment will be required, and interest that currently applies to the federal portion of student loans will not accrue.
The CERB will pay out $2,000 per four-week period for up to 24 weeks, backdated to March 15. The benefit is available March 15th to October 3rd, 2020.
Eligible individuals have until December 2nd, 2020 to apply for this one-time payment of $1,000.
CEBA provides interest-free loans of up to $40,000, with up to $10,000 forgivable if repaid before December 31st, 2022.
The RRRF provides interest-free loans of up to $40,000 to eligible businesses, with no scheduled monthly repayments required until after December 31st, 2022.