David McGuinty
Hon. David McGuinty
Member of Parliament for Ottawa South
Government of Canada will provide targeted interest relief to Canadians who received COVID-related income support benefits
February 17, 2021

Mr. Speaker, since the beginning of the pandemic our government has provided financial support to millions of Canadians, helping them put food on the table and keep a roof over their heads, but this crisis continues to have dire consequences for many Canadians. They need more time and flexibility to pay back the interest on their tax debt.

Can the Minister of National Revenue talk about the recent announcements on this subject?

Mr. Speaker, I would like to thank my colleague from Ottawa South for his question and his hard work.

I did indeed announce last week that Canadians who received financial support payments related to COVID-19 and earned $75,000 or less in taxable income would not be required to pay interest on their tax debt before 2022.

This measure will give millions of Canadians the flexibility and peace of mind they need to get through this difficult period until they get back on their feet.

https://www.canada.ca/en/revenue-agency/news/2021/02/government-of-canada-announces-targeted-interest-relief-on-2020-income-tax-debt-for-low--and-middle-income-canadians.html

Main office - Ottawa
1883 Bank Street Unit A
Ottawa, Ontario
K1V 7Z9

Telephone:
613-990-8640

Fax:
613-990-2592
Show Map

Hill Office
House of Commons
Ottawa, Ontario
K1A 0A6

Telephone:
613-992-3269

Fax:
613-995-1534
Show Map