Covid 19 Energy Assistance Program (CEAP)
- We are providing $9 million to help residential customers who are struggling to pay their energy bills because of COVID-19covid 19. Starting in January 2021, available credit amounts increased, and more families became eligible to access funding.
- Residential customers may be eligible for up to $750 towards their overdue electricity and natural gas bills.
- Contact your electricity and/or natural gas utility to apply.
******For Businesses, please inquire further.
Interest Cap
Effective August 20, 2020, amendments to the PAYDAY LOANS ACT, 2008, will help individuals facing financial hardship because of COVID-19covid 19.
As of August 20, 2020, the interest that lenders can charge on payday loans in default will be limited to a maximum interest rate of 2.5% per month (non-compounded) on the outstanding principal. This will provide relief to borrowers who are unable to repay their loans on time.
These amendments also establish a maximum fee of $25 that may be charged for dishonoured or bounced cheques or pre-authorized debits, effective August 20, 2020. This fee may only be charged once, regardless of the number of times a payment instrument is dishonoured.
******For Businesses, please inquire further.
Changes to renting.
We passed legislation to FREEZE RENT AT 2020levels. This means that rents will not increase in 2021.
******For Businesses, please inquire further.
Emergency Assistance
Apparently, the government has an emergency assistance program for those in difficulties not on Social Assistance. If you would like to try go to HTTPS://WWW.EA.MCSS.GOV.ON.CA
******For Businesses, please inquire further.
If you are a business owner, please be in touch so we go can go through your options.