Frequently Asked Questions
The Financial Consumer Agency of Canada (FCAC) has a Fact Sheet, COVID-19 Managing Financial Health, with information on the Canada Emergency Response Benefit, EI, Mortgage deferrals, family benefits, student loans and more:
There is a Community Financial Helpline providing information on COVID-19 financial supports, income supports, benefits and credits, and credit and debt counselling. They can be reached at:
1-431-813-4357
1-855-955-4234
The Financial Consumer Agency of Canada has a budget planner tool you can use:
There is a Community Financial Helpline providing information on COVID-19 financial supports, income supports, benefits and credits, and credit and debt counselling. They can be reached at:
1-431-813-4357
1-855-955-4234
You should talk to your landlord and make arrangements. Evictions for not paying rent were suspended until September 30, 2020.
There is a Community Financial Helpline providing information on COVID-19 financial supports, income supports, benefits and credits, and credit and debt counselling. They can be reached at:
1-431-813-4357
1-855-955-4234
You may be able to get a mortgage deferral that will let you skip payments. You will still be charged interest. When the deferral period ends you will have to pay the deferred payments and interest along with your monthly payments. Ask your bank about the effect on your credit rating. For more information:
You can defer payment of these bills and your utilities will not be cut off. Late payment charges will not be charged for 6 months. The utilities are also prepared to make flexible payment plans.
Talk to your bank about lowering your interest rate or deferring your payments for up to six months. Ask your bank about any effect on your credit rating.
Repayments for provincial and federal student loans were suspended until September 30, 2020. Both Manitoba and Canada student loans currently have an interest rate of 0%.
September 1, 2020.