In this article, Via Capitale du Mont-Royal shares some information that could be useful to you to better understand the measures implemented by the government.

A matter of heart and expertise, with the client at the centre of our preoccupations.

Visuel Nous sommes présents au bout du fil

 

Despite this complex situation, you should know that for Via Capitale du Mont-Royal, it is very important that we be there for you. We are thinking of you, of all our clients that we value on a daily basis, and we want to assure you that we remain at your side by taking the necessary precautions to ensure your well being during this sanitary crisis.

This is why we wanted to inform you of the measures introduced by the government, and to share with you information that could be useful to you in terms of real estate matters. We hope to be of assistance to you.

 

1- Bill C-13

On the official website of the Canadian government, a press release is issued on the new COVID-19 Emergency Measures Act aimed at “the timely implementation and administration of measures to protect the health and safety of Canadians and to stabilize the country’s economy”.

To this end, a plan for Canada’s economic response to COVID-19 has been developed, and here are a few points to keep in mind:

  • a tax deferral to help Canadian households and businesses meet their liquidity needs and to stabilize the economy.
  • support for the mortgage funding market in Canada.
  • protection for the savings of Canadians

To discover all the measures in detail, click here: source link

2 – Deferral of tax and instalment reporting

As part of its ongoing commitment to help Canadians, the government has decided to extend the date for tax reporting and payments to June 1.

On the Revenu Québec site, it is also notified, concerning instalments, that the payment of instalments from June 15, 2020 is being pushed back to September 1, 2020 at the latest.

Find out more: source link

3 – Mortgages

Concerning mortgages: the six major Canadian banks BNC, RBC, BMO, TD CIBC and ScotiaBank, as well as Caisses Populaires Desjardins allow mortgage payments to be deferred. You will find all the details in your financial institution’s customer portal. To date, 500,000 Canadians have taken advantage of this deferral.

Learn more about mortgages: lien source (article is in French) 

4 – Taxes

Many neighbourhoods such as Rosemont-La Petite-Patrie, Plateau-Mont-Royal, Villeray, have decided to defer municipal taxes in order to leave some room for taxpayers. As a result, municipal tax payments will move from July 6 to September 8.

Have you received your tax bill? Go to this link to find out how to pay in several instalments: source link 

5 – Businesses

Do you have a business? The city of Montréal offers emergency financial support and takes measures to help businesses, non-profit organizations and self-employed workers face today’s challenges.

For more information: source link

Also note that many services to citizens are accessible, despite the closure of the Accès Montréal offices.

  •  Parking: The city of Montréal is modifying its parking by-laws for all boroughs, in order to facilitate travel and ensure everyone’s safety.

Discover the list of services available online and by mail HERE  (information in French)

Be vigilant against fraudsters

The Via Capitale du Mont-Royal agency invites you, during COVID-19, to remain cautious. Since the sanitary crisis, frauds have been circulating. To discover the City of Montreal’s warnings, click HERE.

Do not hesitate to contact us, we will answer all your questions.

The Via Capitale du Mont-Royal agency

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