Skip to main content

COVID-19: A roundup of economic relief measures for Quebecers

In response to the COVID-19 outbreak, the Quebec government and its partners have announced a number of emergency measures to support Quebecers affected by the pandemic. Below is a roundup. We will update this as things change or new measures are added.

Please see the federal COVID-19 support measures here.

Updated: June 11, 2020

New virtual care codes and billing changes for physicians

(information in French only)

 

What is it?

  • Physicians will be eligible to bill using temporary fee codes for services delivered via virtual care during the COVID-19 pandemic. Login to your federation website for details: FMOQ FMSQ

When is it effective?

  • March 13, 2020.

Concerted temporary action program for businesses (PACTE)

 

What is it?

  • Financial assistance of a minimum amount of $50,000, provided in the form of a loan guarantee, although it may also take the form of a loan.

Who’s eligible?

  • Businesses operating in Quebec, including co-operatives and other social economy enterprises with commercial activities, that find themselves in temporary difficulty as a result of COVID-19. See the full criteria.

How to apply

  • Contact Investissement Québec at 1 844 474-6367.

Emergency aid for small and medium-size businesses

(information in French only)

What is it?

  • Provides financial assistance of up to $50,000 and is intended to offset the cash shortfall that some small and medium-size businesses are facing in these times of uncertainty.

Who’s eligible?

  • Companies that can demonstrate that they have had to cease their activities or are about to cease their activities because of COVID-19.
  • Additionally, they must not be currently in legal proceedings under the Companies' Creditors Arrangement Act or the Bankruptcy and Insolvency Act.

How to apply

  • Apply through your local regional county municipality (RCM).

Caisse de dépôt et placement du Québec (CDPQ) financial aid for businesses

What is it?

  • A $4 billion fund to support Québec companies temporarily impacted by COVID-19.

Who’s eligible?

  • Companies do not have to be in the CDPQ’s portfolio to be eligible for funding, but have to meet certain criteria, including having been profitable before the COVID-19 crisis, having a promising growth outlook in their sector and seeking financing of over $5 million.
  • The CDPQ also announced a donation of $300,000 to support the organizations that directly address the basic needs of the most vulnerable people.

When is it in effect?

  • March 30, 2020.

How to apply

Emergency daycare services

 

What is it?

  • Provides emergency school daycare services free of charge.

Who’s eligible?

  • Reserved exclusively for children of parents who are entitled to emergency childcare services. Consult the list of eligible workers.
  • These services are also available to personnel providing emergency daycare services.

When is it in effect?

  • Monday through Friday, , until May 1.

How to apply

  • Follow the procedures under Registration, depending on the type of institution your child attends. Please make sure you absolutely need emergency daycare services before making a request.

Temporary suspension of the withholding of amounts from parental insurance benefits for the repayment of a debt

 

What is it?

  • The Ministère du Travail, de l’Emploi et de la Solidarité sociale has introduced a new flexibility measure to financially assist parents receiving benefits under the Québec Parental Insurance Plan (QPIP) during the COVID-19 epidemic. Under this measure, the withholding of amounts from parental insurance benefits for the repayment of a debt is temporarily suspended.

When is it in effect?

  • This measure came into effect on April 20, 2020 for three months.

How to apply

  • Doe not require the beneficiaries concerned to take any specific steps.

Parental leave rules relaxed for healthcare workers

 

What is it?

  • An accommodation for healthcare system workers who wish to interrupt or defer their parental leave in order to go back to work during the pandemic (i.e., beneficiaries of parental benefits, paternity benefits and adoption benefits).
  • Those who do so will have six additional months to draw their Québec Parental Insurance Plan (QPIP) benefits.

When is it in effect?

  • March 28, 2020.

How to apply

Pause on student loan repayments

 

What is it?

  • A six-month moratorium on Quebec student loan repayments. No interest will accrue as the provincial government does not charge interest on its student loans.

When is it in effect?

  • March 30 to September 30, 2020.

How to apply

  • The pause is automatic, so there is no need to apply. You can continue making payments during this period if you choose to.

Pause on business loan repayments

(information in French only)

What is it?

  • A six-month moratorium for the repayment (principal and interest) of loans already granted through the Fonds local d’investissement (FLI).
  • Interest accrued during this period will be added to the loan balance. This measure is in addition to the moratorium already in place under most investment policies in effect, which can be as long as 12 months.

How to apply

  • Apply through your local regional county municipality (RCM).

Pause on private and Montreal social economy business loan repayments

What is it?

  • An automatic, six-month moratorium on capital and interest for recipients of a loan through the PME MTL fund, Fonds Locaux de Solidarité, and Fonds de commercialisation des innovations. The City of Montreal will pay the interest during this period.

Who’s eligible?

  • Private and social economy businesses in Montreal.

When is it in effect?

  • March 19, 2020.

Tax deadline extension 

What is it?

  • Postponement to June 1, 2020, of Revenu Québec administrative tax filing deadlines that fall between March 17, 2020, and May 31, 2020 for all tax payers including:
    • corporation income tax returns
    • elections under Québec tax laws or regulations, such as rollovers (excluding QST elections, which are harmonized with the GST)
    • tax credit applications requiring supporting documents (12-month time limit)
    • fuel tax refund applications
    • information request response times
    • mandatory or preventive disclosure of tax planning
    • applications under the Québec education savings incentive (QESI) (90-day time limit)

QST returns deferral

What is it?

  • Deferral until June 30, 2020, of the filing of QST returns and corresponding QST payments, where appropriate, for all QST returns that must be filed between March 27, 2020, and June 1, 2020. There will be no interest or penalties.

When is it in effect?

  • March 27, 2020.

Property tax deadline extensions

 

What is it?

  • Payments extended, and interest and/or penalties temporarily waived, depending on the city. See the full details.

Contributions postponed for various provincial plans

What is it?

  • Postponement of the deadline to pay any Québec Pension Plan, Québec Parental Insurance Plan, Health Services Fund  and Québec drug insurance plan contributions for the 2019 taxation year. The deadline has been extended to September 1, 2020. 

Contribution deadline extended for CNESST (information in French only)

What is it?

  • Employers have until August 31, 2020, to pay their Statement of Account related to their Standards, Fairness, Occupational Health and Safety (CNESST) contribution.
  • No penalty or interest will be charged during this period.

Hydro bill relief from

Hydro-Québec

What is it?

  • Suspension of charges for unpaid invoices until further notice.

Who’s eligible?

  • Hydro-Québec customers (residential and business).

When is it in effect?

  • March 23, 2020.

How to apply

  • If you expect to have difficulties paying your hydro bill, you are invited to make a payment arrangement with a Hydro-Québec agent by logging in to Customer Space or contacting them by phone.

Hydro bill relief from

Hydro-Sherbrooke

 

What is it?

  • All disconnections suspended for non-payment of bills,

Who’s eligible?

  • Hydro-Sherbrooke customers (individuals and businesses).

When is it in effect?

  • March 24, 2020.

How to apply

Back to the top

If you have any questions about these measures, please contact your MD Advisor*. 

* MD Advisor refers to an MD Management Limited Financial Consultant or Investment Advisor (in Quebec), or an MD Private Investment Counsel Portfolio Manager.

Banking and credit products and services are offered by The Bank of Nova Scotia “Scotiabank.” Credit and lending products are subject to credit approval by Scotiabank.