Covid-19 Support

Canada's six largest banks: Bank of Montreal, CIBC, National Bank of Canada, RBC Royal Bank, Scotiabank and TD Bank, as well as ATB Financial, have made a commitment to work with personal and small business banking customers on a case-by-case basis to provide flexible solutions to help them manage through challenges such as pay disruption due to COVID-19; childcare disruption due to school closures; or those facing illness from COVID-19.

Summary of the major steps that Canada's banks are doing to help customers who are having financial difficulties making their mortgage and other payments:

  • Granting up to a 6 -month payment deferral for mortgages

  • Extending the amortization period

  • Deferment of payments for loans and credit cards

For more information visit: Canadian Bankers Association