Overview

The Alberta government will provide immediate financial relief to Alberta’s families and vulnerable populations.

Over $7.7 billion has been committed so far, including:

  • $500 million for our health system
  • $60 million for community organizations, including emergency and homeless shelters
  • $50 million for emergency isolation support
  • $3.6 billion to date in total loans to consumers and businesses that qualified for deferrals through the ATB Financial customer relief program
  • $45 million to waive interest on student loans

This also includes support for employers.

Overview of Alberta’s emergency support measures (PDF, 50 KB)

Emergency isolation support

  • Eligible working Albertans can receive a one-time emergency isolation support payment of $1,146 if they:
    • experienced total or significant loss of income as a result of having to self-isolate, or are the sole caregiver of a dependent who is self-isolating, and
    • have no other source of compensation, such as workplace sick leave benefits or federal employment insurance benefits

Utility payment deferral

  • Residential customers can defer electricity and natural gas bill payments for the next 90 days to ensure no one will be cut off, regardless of the service provider.
  • This program is available to Albertans who are experiencing financial hardship as a direct result of COVID-19. For example, those who have lost their employment or had to leave work to take care of an ill family member.
  • Call your utility provider directly to arrange for a 90-day deferral on all payments.

Learn more about the 90-day utility payment deferral

Student loans repayment deferral

We are implementing a six-month, interest free moratorium on Alberta student loan payments for all Albertans in the process of repaying these loans.

  • Alberta Student Loan repayments will be paused for 6 months, beginning March 30, 2020.
  • Interest will not accrue during this period. This mirrors the approach of the Canada Student Loans Program.
  • Students do not need to apply for the repayment pause.
  • Borrowers may continue making payments during this period if they choose and this will not affect their eligibility to receive the benefit.

Banks and credit unions

ATB Financial customers

  • Personal banking customers can apply for a deferral on their ATB loans, lines of credit and mortgages for up to 6 months.

Alberta credit unions

  • Credit union members will have access to a variety of programs and solutions designed to ease difficulties with loan payments and short-term cash flow.
  • Contact your credit union to work out a plan for your personal situation

Education property tax freeze

  • Residential education property tax rates will be frozen at last year’s level – reversing the 3.4% population and inflation increase added in Budget 2020.
  • This will save households $55 million.

Federal government programs

Albertans may also be eligible for financial supports through the federal government:

Employment Insurance sickness benefits

  • Provides up to 15 weeks of income replacement for eligible Albertans who are unable to work due to illness, injury or quarantine (self-isolation).
  • One-week waiting period is waived for people in self-isolation.

Canada Emergency Response Benefit (CERB) (launching April 2020)

  • Provides $2,000 a month for up to 4 months to workers without paid sick leave (or similar workplace accommodation) who are unable to work, sick, quarantined or forced to stay home to care for children.

Canada Child Benefit

  • Eligible parents will receive $300 more per child with their regular May CCB payment.

GST rebate increase

  • Provides low- and modest-income Albertans with a one-time special payment in May of up to $400 for single people and $600 for couples.

Eased rules for RRIFs

  • The required minimum withdrawal from Registered Retirement Income Funds (RRIFs) will be reduced by 25% in 2020 in recognition of the impact of volatile market conditions on many seniors’ retirement savings.

News