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Friday, March 20, 2020

How Am I Going To Pay My Bills?

Canada | by Bayshore News Staff  

The federal and provincial government have announced some programs to help.

With most of the country shut down by COVID19, a majority of the population is wondering how to pay its monthly bills, including rent, mortgage, hydro, and basic necessities.

If you have to stay home but don’t have access to paid sick leave, the federal government says its new Emergency Care Benefit can help you out.

It provides up to $900 every two weeks for up to 15 weeks, to those affected by COVID-19.

If you’re facing unemployment, look for the new Emergency Support Benefit, which will be available to apply for in April, through the CRA website.

And if you’re worried about having to lay off workers, it's also offering a wage subsidy so you can keep people on the payroll.

Provincially, the government has passed the Employment Standards Amendment Act, which also provides job-protected leave for employees who are in isolation or quarantine due to COVID-19, or those who need to be away from work to care for children or other relatives.

As for receiving regular EI, you must have lost your job through no fault of your own, including lay-offs and being unable to work because of illness or quarantine. The one week waiting period has been removed. If approved, the maximum amount paid out for EI is $573 a week. 

The Canada Revenue Agency will defer the filing due date for the 2019 tax returns of individuals, including certain trusts. For individuals (other than trusts), the return filing due date will be deferred until June 1, 2020. For trusts having a taxation year ending on December 31, 2019, the return filing due date will be deferred until May 1, 2020.

Banks in Canada have affirmed their commitment to working with customers to provide flexible solutions, on a case-by-case basis, for managing through hardships caused by recent developments. This may include situations such as pay disruption, childcare disruption, or illness. Canada’s large banks have confirmed that this support will include up to a 6-month payment deferral for mortgages, and the opportunity for relief on other credit products. Please contact your own financial institution for details. 

The Canada Mortgage and Housing Corporation (CMHC) and other mortgage insurers offer tools to lenders that can assist homeowners who may be experiencing financial difficulty. These include payment deferral, loan re-amortization, capitalization of outstanding interest arrears and other eligible expenses, and special payment arrangements.

The Ontario Energy Board is extending the ban on electricity disconnections for non-payment for all residential customers to July 31/20.

Until further notice, you will not need to renew these Service Ontario products, even if they have expired:

• health cards
• driver’s licences
• licence plate stickers
• Ontario Photo Cards
• Commercial Vehicle Operator Registration certificates
• and more

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Barrie residents

Water/Wastewater Billing-No new late fees or City-imposed non-sufficient funds (NSF) charges for water/wastewater bills until June 30, 2020. Residents and property owners can opt out or suspend pre-authorized payment plans (PAP) for water wastewater bills by completing the Water Wastewater Pre-Authorized Payment Form. In addition, no water shutoffs will be carried out until June 30, 2020. 

Property Taxes-No new late fees or City-imposed non-sufficient funds (NSF) charges for tax bills until June 30, 2020. Residents and property owners can opt out or suspend pre-authorized payment plans (PAP) for property tax bills by completing the Property Tax Pre-Authorized Payment Cancellation Form.

Wasaga Beach-Wasaga Distribution insists it won't disconnect service.



 

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