Government initiatives

March 2020 – The Federal Government announced an economic package to help Canadians which included: For Individuals: • reducing RRIF minimums by 25% for 2020 • extending tax return filing due dates, and taxes payable deadlines for individuals (and trusts). • deferring for all taxpayers, until after August 31, 2020, the payment deadline for tax liabilities that are owed on or after March 17, 2020, and before September 2020 • additional benefit payments under the GST/HST and Canada Child Benefit (CCB) programs • providing various income support for workers and other individuals, including introducing an Emergency Care Benefit, Emergency Support Benefit and relaxing rules for EI.