Other measures to respond to COVID-19
The Government of Canada has put in place various measures to help address the current needs of individuals and businesses during the COVID-19 pandemic.
The measures below are for information only and no action needs to be taken.
If you continue to need income support or financial support, loans and access to credit for your business, consult the COVID-19 Economic Response Plan.
Support for people
People and families
Supporting low-income workers and families
The Canada Workers Benefit provides a refundable tax credit to help people who are working and earning a low income. We are expanding eligibility by making the benefit available to those with incomes up to:
- $32,244 as single Canadians, without children;
- $42,197 as single-earner families; and
- $56,197 as double-earner families.
Low-income workers are now eligible for a tax refund of up to about:
- $1,400 for workers who are single and without children; and
- $2,400 for workers with families.
Mortgage payment deferral
Homeowners facing financial hardship may be eligible for a mortgage payment deferral.
The deferral is an agreement between you and your lender. Typically, the agreement indicates that you and your lender have agreed to pause or suspend your mortgage payments for a certain amount of time. After the agreement ends, your mortgage payments return to normal and the deferred payments — including principal and accumulated interest – are added to the outstanding principal balance and subsequently repaid throughout the life of the mortgage.
To know if you are eligible for a mortgage payment deferral or to learn what options are available, contact your lender — your bank or your mortgage professional.
Waiving interest on student and apprentice loans
To help students and young Canadians who have been particularly hard-hit by COVID-19, we are waiving the interest for full-time and part-time students on the federal portion of Canada Student Loans and Canada Apprentice Loans until March 31, 2023.
Support for businesses
Taxes and tariffs
Waiving tariffs on certain medical goods
We are waiving tariffs on certain medical goods, including PPE such as masks and gloves.
This will reduce the cost of imported PPE for Canadians, help protect workers, and ensure our supply chains can keep functioning well.
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