We recognize that with the rapidly evolving COVID-19 (Coronavirus) situation in Canada, these are uncertain times for everyone.
At TurboTax, we're here to help. We've created the COVID-19 Tax Info Centre as a quick-reference resource to house any and all information related to how the pandemic may impact your tax filing experience. This hub will be updated in real-time as information becomes available, so be sure to check back to be kept up-to-date during this fluid situation.
Answers to commonly asked questions:
Financial assistance programs
Individuals whose employment has been suspended, cancelled or delayed, may qualify for a number of financial assistance programs from the federal government.
Family assistance programs
Government child benefits and assistance are available to aid in the added costs of childcare and expenses.
Assistance programs for businesses
Government programs are available to provide relief to businesses, such as assistance with wage subsidies, loans, and general tax relief.
Assistance programs for seniors
A new government program has been proposed to provide financial relief to seniors, and rules surrounding RRIFs have been temporarily amended.
Tax assistance and personal finance
Tax credits and payment deferrals may be part of relief efforts for qualified Canadians.
Assistance for property owners
You may be eligible to defer your mortgage payments due to suspension of evictions and rent hikes.
Assistance for Canadians with disabilities
Canadians with disabilities may be eligible for additional financial support