{"id":13011,"date":"2020-03-25T16:46:30","date_gmt":"2020-03-25T20:46:30","guid":{"rendered":"https:\/\/www.zolo.ca\/news\/?p=13011"},"modified":"2022-08-31T13:03:47","modified_gmt":"2022-08-31T17:03:47","slug":"covid-19-faq","status":"publish","type":"post","link":"https:\/\/www.zolo.ca\/blog\/covid-19-faq","title":{"rendered":"COVID-19 FAQ: What Do Canadians Need to Know?"},"content":{"rendered":"\n

The global pandemic, COVID-19, has impacted every Canadian. If you are unsure of what options are available to you financially or to help support social distancing requirements in your city, you\u2019re not alone. It can be challenging to navigate the internet for reliable information or to find a bare-bones answer. If you aren’t able to find your COVID-19 FAQ answers, we’ve put together a<\/span> list of frequently asked questions that Canadians should know.<\/span><\/p>\n\n\n\n\n\n\n

Financial Support<\/span><\/strong><\/h2>\n\n\n\n
\"covid<\/figure>\n\n\n\n

When Is the 2019 Tax Deadline?<\/span><\/strong><\/h3>\n\n\n\n

The new due date for individuals filing tax returns is now June 1, 2020. For taxpayers who owe any 2019 income tax, the payment date is now September 1, 2020.<\/span><\/p>\n\n\n\n

The March 2, 2020 RRSP deadline remains the same, and any RRSP contributions made past this date will be for the 2020 tax year. <\/span><\/p>\n\n\n\n

For more information about the 2019 tax deadlines, visit the <\/span>Government of Canada website<\/span><\/a>.<\/span><\/p>\n\n\n\n

What Kind of Financial Support Is Available for Me as a Homeowner?<\/span><\/strong><\/h3>\n\n\n\n

The following banks are offering mortgage deferral on a case-by-case basis in Canada: BMO, CIBC, National Bank, Scotiabank and TD. Some mono-lenders, such as MCAP and Canada Guaranty, are also offering options for those impacted by COVID-19.<\/span><\/p>\n\n\n\n

To learn more about what <\/span>financial support is available for homeowners<\/span><\/a>, it is best to go directly to your lenders\u2019 website to find out how best to contact their support team. <\/span><\/p>\n\n\n\n

If you are unsure whether or not a mortgage deferral is best for you, or whether or not you qualify for deferral, check out a more detailed breakdown <\/span>here<\/span><\/a>.<\/span><\/p>\n\n\n\n

What Kind of Financial Support Is Available for Those Dealing With Job Loss or Lost Hours?<\/span><\/strong><\/h3>\n\n\n\n

If you are one of the many Canadians dealing with sudden job loss or have lost pay due to a decrease in hours, there are two options available. Employment Insurance (EI) is available to Canadians who have lost their job or been laid off at no fault of their own. The new Canada Emergency Response Benefit provides a taxable benefit of $2000 a month for up to four months. <\/span><\/p>\n\n\n\n

Should I Apply for Employment Insurance or the Canada Emergency Response Benefit?<\/span><\/strong><\/h3>\n\n\n\n

The <\/span>eligibility requirements for Employment Insurance<\/span><\/a> benefits are to anyone who:<\/span><\/p>\n\n\n\n