Government Response Plan for Canada, Québec, Ontario, British Columbia and Alberta
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Government response plan for Canada, Québec, Ontario, British Columbia and Alberta AUGUST 27, 2020 Authors: Claude Jodoin, Ryan Rabinovitch, Ronald Nobrega, Paul Casuccio, Mike Coburn Martin Legault, David H. Benarroch, Danny Galarneau Soraya Jamal, Puyang Zhao, Matthew Wilkins Table of contents CANADA - For individuals ............................................................................................... 6 Financial Assistance 6 Tax Measures 16 CANADA - For businesses ............................................................................................ 24 Financial Assistance 24 Tax Measures 48 QUÉBEC - For individuals ............................................................................................. 53 Financial Assistance 53 Tax Measures 57 QUÉBEC - For businesses ............................................................................................ 64 Financial Assistance 64 Tax Measures 74 CITY OF MONTRÉAL - For individuals ......................................................................... 83 CITY OF MONTRÉAL - For businesses ........................................................................ 84 Financial Assistance 84 Tax Measures 88 QUÉBEC CITY- For individuals ..................................................................................... 89 Tax measures 89 QUÉBEC CITY- For businesses .................................................................................... 90 Financial assistance 90 Tax measures 93 2 Authors: Claude Jodoin, Ryan Rabinovitch, Ronald Nobrega, Paul Casuccio, Mike Coburn Martin Legault, David H. Benarroch, Danny Galarneau Soraya Jamal, Puyang Zhao, Matthew Wilkins ONTARIO - For individuals ............................................................................................ 94 Financial Assistance 94 Tax Measures 97 ONTARIO - For businesses ........................................................................................... 98 Financial Assistance 98 Tax Measures 100 CITY OF TORONTO - For individuals ......................................................................... 103 Financial Assistance 103 Tax Measures 103 CITY OF TORONTO - For businesses ........................................................................ 104 Financial Assistance 104 Tax Measures 104 BRITISH COLUMBIA - For individuals ........................................................................ 105 Financial Assistance 105 Tax Measures 107 BRITISH COLUMBIA - For businesses ....................................................................... 109 Financial Assistance 109 Tax Measures 109 CITY OF VANCOUVER............................................................................................... 112 Financial Assistance 112 None announced. 112 Tax Measures 112 3 Authors: Claude Jodoin, Ryan Rabinovitch, Ronald Nobrega, Paul Casuccio, Mike Coburn Martin Legault, David H. Benarroch, Danny Galarneau Soraya Jamal, Puyang Zhao, Matthew Wilkins ALBERTA- For individuals ........................................................................................... 113 Financial assistance 113 Tax measures 115 ALBERTA - For businesses ......................................................................................... 116 Financial Assistance 116 Tax Measures 119 CITY OF CALGARY- For individuals ........................................................................... 121 Financial Assistance 121 Tax Measures 122 CITY OF CALGARY - For businesses ......................................................................... 123 Financial Assistance 123 Tax Measures 123 CITY OF EDMONTON- For individuals ....................................................................... 125 Tax Measures 125 CITY OF EDMONTON - For businesses ..................................................................... 126 Tax Measures 126 Your Dedicated Team - Montreal ................................................................................ 127 Your Dedicated Team - Québec .................................................................................. 128 Your Dedicated Team - Toronto .................................................................................. 129 Your Dedicated Team - Vancouver ............................................................................. 130 Your Dedicated Team - Calgary .................................................................................. 131 4 The information provided in this document is not legal advice. It is intended solely to provide general information for the reader who accepts full responsibility for its use. The information set out herein is limited to measures announced on or before August 27, 2020. The sections that have been updated to reflect today’s announcements are highlighted in yellow. CANADA - For individuals Financial Assistance MEASURES WHO? WHAT? CONDITIONS NOTES Increase in Canada Child Families with children Increase of $300 for the 2019- $300 increase per child as Benefit (CCB) eligible for CCB. 2020 year per child. part of the May 2020 payment. Mortgage support Individuals. Payment deferral beginning immediately (up to 6 months), loan re-amortization, capitalization of outstanding interest arrears and other eligible expenses, and special payment arrangements. Employment insurance Waiver of the one-week waiting Canadians who are ill, quarantined In effect as of March 15, period for individuals in imposed or obligated to stay home to care for 2020. quarantine who claim Employment children. Insurance (EI) sickness benefits. Waiver of the requirement to provide a medical certificate in order to be eligible. Individuals who cannot complete their claim for EI sickness benefits due to quarantine may apply at a later date and have their EI claim backdated to cover the delay period. Canada Emergency Workers who have $2,000 a month for up to four Canadians who are at least 15 Response Benefit (CERB) stopped working and months. years old, have stopped working Authors: Claude Jodoin, Ryan Rabinovitch, Ronald Nobrega, Paul Casuccio, Mike Coburn Martin Legault, David H. Benarroch, Danny Galarneau Soraya Jamal, Puyang Zhao, Matthew Wilkins MEASURES WHO? WHAT? CONDITIONS NOTES are without due to COVID-19 or are eligible for employment or self- On June 16, 2020 Prime Minister EI regular or sickness benefits. The Administered and delivered employment income Justin Trudeau announced that the worker must not have voluntarily by CRA. Online for reasons related to government would extend the quit his job. The worker must have applications can now be COVID-19 regardless CERB by eight weeks. As a result, had an income of at least $5,000 in made using the prescribed of whether or not the eligible workers will have access to 2019 or in the 12 months prior to form. The benefit is worker is entitled to the benefit for up to a total of 24 the application date. The worker available from March 15, EI. weeks. On August 20, 2020, the must expect to be without 2020, to October 3, 2020. Government announced that the employment or self-employment Workers can apply until Workers who are still CERB will be extended for an income for at least 14 consecutive December 2, 2020. employed, but are not additional four week period to a days in the initial four-week period. receiving income maximum of 28 weeks. It was also The $5,000 minimum because of announced that the Employment On April 15, 2020, the federal income may be from any or disruptions to their Insurance program will be government has announced that a combination of the work situation due to simplified to help eligible they will allow people to earn up to following sources: COVID-19, also individuals make the transition $1,000 per month while collecting employment; self- qualify for the CERB. from CERB to EI effective the CERB. More details on this employment; maternity and September 27, 2020. Among other change will be provided by the parental benefits under the On April 15, 2020, things, the program will reduce the federal government shortly. EI program and/or similar the federal number of hours required to qualify benefits paid in Québec government has and will establish national under the Québec Parental announced that the minimum unemployment and Insurance Plan. The $5,000 CERB will be benefit rates. does not need to be earned available to seasonal in Canada. Non-eligible workers who have dividends (generally, those exhausted their EI paid out of corporate regular benefits and income, taxed at the small are unable to business rate) can be undertake their computed towards the regular seasonal $5,000 income requirement work as a result of to be eligible for CERB. the COVID-19 outbreak. This It is a single payment for a 7 Authors: Claude Jodoin, Ryan Rabinovitch, Ronald Nobrega, Paul Casuccio, Mike Coburn Martin Legault, David H. Benarroch, Danny Galarneau Soraya Jamal, Puyang Zhao, Matthew Wilkins MEASURES WHO? WHAT? CONDITIONS NOTES change will be 4-week period. retroactive to March 15, 2020. The benefit is taxable. No income tax withholding is On April 15, 2020, applicable. the federal government has also If the worker is already announced that the receiving EI regular CERB will be benefits, he will continue to available to workers receive these benefits until who have recently the end of his benefit exhausted their EI period. If he was eligible for regular benefits and EI benefits that commenced are unable to find a before March 15, 2020, and job or return to work these benefits end before because of COVID- October 3, 2020, the worker 19. This change will may