COVID-19 Assistance for Alberta Residents

On April 6, 2020 the Government of Canada opened their website to access the Canada Emergency Response Benefit (CERB) which provides financial support to employed and self-employed Canadians who are directly affected by COVID-19.  The CERB provides a payment of $2,000 for a 4-week period (the same as $500 a week) for up to 16 weeks.

To apply please go to:
https://www.canada.ca/en/revenue-agency/services/benefits/apply-for-cerb-with-cra.html 

We have summarized the COVID-19 support being provided to individuals by the Federal and Alberta governments as well as other institutions which include:

  • Extension of tax-filing and payment deadlines
  • Canada Emergency Response Benefit
  • One-time GST credit
  • Canada Child Benefit amount increase
  • 25% reduction of minimum 2020 RRIF withdrawal
  • Alberta Emergency Isolation support
  • Other relief available

The most recent details about these measures can be found at this link.

Your KMSS advisory team is here to assist you and your business.  Please note that our office is primarily working remotely and we encourage clients to send us their tax and other financial information electronically.  Although our office doors are locked, if you are healthy and would prefer to drop off the information or send it to us by courier,  we continue to accept deliveries and couriers on business days between the hours of 9:00am and 4:00pm.

Thanks!

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