COVID-19 Alberta Benefits and Supports
By Nizam Shajani, CPA, CA, MBA
Our firm is here to help our clients gain access to COVID-19 benefits. We understand these are unprecedented times and many of you are facing uncertainty and difficulties in your businesses. We will aim to communicate and assist in benefits that are available.
Premier Jason Kenny announced measures to help Albertans cope with the COVID-19 pandemic. The following is a summary of what will be made available.
Alberta’s Financial Relief Benefit
Business owners and those that are self-employed who need to enter self-isolation before April 1 can apply for the provincial benefit of a one-time payment of $1,142. This is available until April 1st only.
Albertans need to go to the online Service Alberta portal and create a My Alberta online ID. Go to the top right corner to My Account and select create account. Once your account is created and you have confirmed via the reply email, login and manage your account.
We will provide details on this application shortly.
Tax Payment Deferrals
Corporate provincial income tax balances and installment payments due on or after March 19, 2020 have been deferred to August 31, 2020 in an effort to increase employers access to cash so they can pay employees, address debts and continue operations.
Residential, farm and small commercial customers may call their electricity and natural gas provider to arrange for a 90-day deferral on all payments.
Small business customers can apply for payment deferral on loans and lines of credit for up to 6 months and access additional working capital. Other businesses and agriculture customers can access support on a one-on-one basis.
Full and part time employees may take 14-days of job-protected leave if they are required to self-isolate or caring for a child or dependent adult that is required to self-isolate.
There is no need for a medical note or to have worked for the employer for a period of time.
This does not apply to self-employed individuals or contractors.
This information is for discussion purposes only and should not be considered professional advice. There is no guarantee or warrant of information on this site and it should be noted that rules and laws change regularly. You should consult a professional before considering implementing or taking any action based on information on this site. Call our team for a consultation before taking any action. © 2020 Shajani LLP