COVID-19: Personal Finance
Information on loans, mortgage and income tax deferrals, and other emergency benefits and programs.
on the web
These curated resources are free and easily accessible on the web! All you need is an internet connection.
Information from the Bank of Canada.
As part of BC's COVID-19 Action Plan, the B.C. government announced provincial tax changes. More information is coming soon.
Although BC Hydro’s COVID-19 Relief Fund program closed June 30, 2020, if you're having difficulty paying your bill and are falling behind on your payments, they have a number of programs to help you get back on track, including a flexible, catch-up payment plan.
Information on the B.C. Emergency Benefit for Workers, Climate Action Tax Credit, the temporary rental supplement, BC Student Loan freeze, BC Hydro and ICBC payment deferral and tax relief for businesses.
The Canadian Bankers Association (representing 60 banks operating in Canada) lists programs launched by banks in Canada in response to the urgent challenge of the COVID-19 outbreak. Programs for individuals include reducing credit card interest rates, deferring payments and instituting low minimum payments on credit cards.
The CBA also lists programs for small businesses such as deferral of payment on small business credit cards and credit lines and payment deferral on the principal of a small business loan.
Local credit unions are also offering programs such as Vancity's 0% interest and payment deferrals for up to six months to eligible cardholders who are impacted by COVID-19, Coast Capital's credit card payment deferrals and Blue Shore Financial's client financial relief program.
Prepared by Courthouse Libraries BC, this wiki is a directory of online resources dealing with the ways COVID-19 health directives are affecting people’s lives, including information on employment, housing, family law, debt, legal assistance and courts and tribunals.
Fortis BC customer service representatives are available to help residential customers facing financial difficulty for any reason. Let Fortis BC know about your concerns and they will tailor a flexible payment solution that will fit your needs.
If your business has been impacted by COVID-19, your key account manager is available to help. They can speak to you about your account and discuss payment arrangements
Links to federal programs for families, people facing unemployment, people who are sick, quarantined, or in directed self-isolation, people who are unable to work, seniors, students, youth and businesses.
If you live in Canada, even temporarily, and are facing financial hardship due to the COVID-19 pandemic, there may be support for you. Some of the information on this page is available in multiple languages.
ICBC currently allows one monthly deferral request per policy term. Change the date of an upcoming monthly payment online.
Online resources to help navigate through a financial emergency from the Government of Canada.