Financial Help
Financial support, assistance and relief programs are available in the United States and Canada.
Here are some places
you can find out more.
In the United States:
The Coronavirus Aid, Relief, and Economic Security (CARES) Act
- direct economic assistance for American workers and families, small businesses, and preserves jobs for American industries.
For Individuals and Families
https://home.treasury.gov/policy-issues/cares/assistance-for-american-workers-and-families
For Small Business
https://home.treasury.gov/policy-issues/cares/assistance-for-small-businesses
Coronavirus (COVID-19): Small Business Guidance & Loan Resources
https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources
Info from the IRS:
Coronavirus Tax Relief and Economic Impact Payments
https://www.irs.gov/coronavirus-tax-relief-and-economic-impact-payments
More news and information:
What's in the $2 trillion coronavirus stimulus bill, from CNN.com
https://www.cnn.com/2020/03/25/politics/stimulus-package-details-coronavirus/index.html
F.A.Q. on Stimulus Checks, Unemployment and the Coronavirus Plan, from the New York Times
The $2 trillion relief bill will send money directly to Americans, greatly expand unemployment coverage and make a number of other changes.
https://www.nytimes.com/article/coronavirus-stimulus-package-questions-answers.html
Coronavirus stimulus payments begin April 9, but some won’t receive checks until September, from The Washington Post (April 2nd)
https://www.washingtonpost.com/world/2020/04/02/coronavirus-latest-news/
55 Federal, State and Nonprofit Relief Efforts and Funds to Help You Through the Coronavirus Pandemic, from Entrepreneur.com
A list of relief efforts and funds currently available
https://www.entrepreneur.com/article/348624
A Guide to COVID-19 and Your Finances: What You Need to Know
An in-depth look at the financial issues related to COVID-19 in the United States, from personal, to small business, and the economy as a whole.
https://www.annuity.org/financial-literacy/covid-19-financial-guide
Tip from this Guide:
If you’re still waiting for your stimulus check, you can check the status of your payment through the IRS’s Get My Payment tool.
In Canada:
Canada’s COVID-19 Economic Response Plan
https://www.canada.ca/en/department-finance/economic-response-plan.html
Canada Emergency Response Benefit
For Individuals & families
https://www.canada.ca/en/department-finance/economic-response-plan.html#individuals
For people facing loss of income:
Canadian Emergency Response Benefit
How to apply + Questions and Answers about the program
https://www.canada.ca/en/services/benefits/ei/cerb-application.html
Feds unveil $37B CERB transition plan, setting up new sickness and care benefits (August 21st)
The federal government is extending the Canada Emergency Response Benefit (CERB) into September, before transitioning the millions of people who are still claiming CERB onto a revamped Employment Insurance program starting Sept. 27.
Federal Programs for Business: CEWS, CEBA and more
https://www.canada.ca/en/department-finance/economic-response-plan.html#businesses
More news and information:
COVID-19: Supports for Canadian Businesses, from bdc.ca
A compilation of federal and provincial government support measures for business from the Business Development Bank of Canada
https://www.bdc.ca/en/documents/special-support/covid-19-supports-for-canadian-businesses.pdf
Financial help for Canadians affected by COVID-19, from CBC.ca
A hub of benefits the federal government, provinces and territories are offering to people financially affected by the coronavirus.
https://newsinteractives.cbc.ca/coronavirusbenefits/
Individual provinces are also providing some financial assistance programs. See information below. Also try searching your province name + financial support + coronavirus to find out what may be available in your area.
Mortgage Deferrals
Coronavirus: Canada’s big banks to allow mortgage payment deferrals
https://globalnews.ca/news/6694459/coronavirus-canada-big-banks-mortgage-payment-deferrals/
Consumer watchdog keeping close eye on banks' offer of coronavirus mortgage relief
https://business.financialpost.com/news/fp-street/consumer-watchdog-keeping-close-eye-on-banks-offer-of-coronavirus-mortgage-relief