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Helpful information on Canadian Emergency Response
Over the past couple of weeks, the Federal and Provincial governments and banks have introduced various relief measures to help Canadians during these times. If you think this information would be helpful to someone you know, please pass this email along.Below is a summary of key items:  1. Mortgage deferral: Mortgage deferral means that payments are skipped for a defined period of time, during which interest which would otherwise be part of the deferred payments is added to the outstanding balance of the mortgage. The added interest is incorporated into the monthly payment, either when payments resume at the end of the deferral period or upon renewal at the end of the mortgage’s term. Each bank is assessing applicants on a case by case basis.For more information, contact your bank directly or visit:www.bmo.com/main/personal/bmo-branches-coronavirus-updatewww.cibc.com/en/personal-banking/advice-centre/covid-19.htmlwww.nbc.ca/personal/notice.htmlwww.scotiabank.com/ca/en/personal/scotia-support/latest-updates.htmlwww.rbc.com/covid-19www.td.com/ca/en/personal-banking/covid-19
2. CERB (Canada Emergency Response Benefit) applications starts today:CERB provides $500 a week for up to 16 weeks.
More info HEREWho is eligible?The benefit will be available to workers:- least 15 years old;- Who have stopped working because of COVID-19 and have not voluntarily quit their job or are eligible for EI regular or sickness benefits;- Who had income of at least $5,000 in 2019 or in the 12 months prior to the date ... more

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