COVID-19 Information for Veterans and their Families Report

Dealing with financial concerns

If your household income has decreased because of layoffs, reduced hours, or other circumstances, you might be feeling more financial stress than usual. The federal government offers many resources, including information on the Canadian Emergency Response Benefit (CERB), Canada’s COVID-19 Economic Response Plan, and income taxes.

Federal government resources

Canadian Emergency Response Benefit (CERB)

The CERB provides temporary income support to workers who are no longer earning employment income or whose income has been significantly reduced because of COVID-19.

Find more information about benefits, credits and support payments.

Canada’s COVID-19 Economic Response Plan

The Government of Canada’s COVID-19 Economic Response Plan includes a range of measures to help individuals, families, and businesses deal with the financial challenges of the pandemic. These include:

Individuals and families

  • Canada Child Benefit increases
  • Special Goods and Services Tax credit payment
  • Extra time to file income tax returns
  • Mortgage support

Indigenous peoples

  • Indigenous Community Support Fund
  • Supporting preparedness in First Nations and Inuit communities

Seniors

Students and recent graduates

Income tax

In response to the COVID-19 crisis, the federal government has introduced a number of financial resources and changes to taxation laws to help you during this uncertain time.

For general information on the pandemic-related changes made to income tax in Canada, see COVID-19: Managing financial health in challenging times.

Content contributors

  • Dr. Margaret McKinnon, Ph.D., CPsych; Homewood Chair in Mental Health and Trauma; Associate Professor and Associate Chair, Research, Department of Psychiatry and Behavioural Neurosciences, McMaster University; Research Lead, Mental Health and Addictions, St. Joseph’s Healthcare Hamilton; Senior Scientist, Homewood Research Institute
  • Dr. Ruth Lanius, MD, Ph.D., FRCPC; Director of the PTSD Research Unit, University of Western Ontario; Professor, Department of Psychiatry, University of Western Ontario
  • Dr. Krysta Andrews, Ph.D., MSW, RSW; Postdoctoral Fellow, Department of Psychiatry and Behavioural Neurosciences, McMaster University
  • Dr. Sherain Harricharan, Ph.D.; Postdoctoral Fellow, Department of Psychiatry and Behavioural Neurosciences, McMaster University
  • Bethany Easterbrook, B.Kin, MSc; Ph.D. Student, Neuroscience Graduate Program, McMaster University
  • Dr. Andrew Nicholson, Ph.D., BSc; Postdoctoral Research Associate, Department of Cognition, Emotion, and Methods in Psychology, University of Vienna

Content reviewers

  • Dr. Kyle Handley, Ph.D.; Lead Psychologist, York Regional Police
  • Lorraine Downey, Ottawa Paramedic Service, City of Ottawa