Financial Support

Legal Disclaimer: This website is intended to be an informational resource for employees of IMAX Corporation (the “Company”) only and is not intended to be, and should not be relied upon or construed as, legal or financial advice. In providing this information, the Company is neither endorsing nor recommending the use of any of the resources listed on this website nor is it making any representations or warranties regarding any employee’s eligibility for any benefits referenced on this website. The provided links direct you to websites owned or managed by state, provincial and federal governments or by third parties and the Company has no control over their content or accuracy. As such, the Company disclaims any liability relating to these websites. The Company also has no control over any decisions made by state, provincial or federal governments regarding your eligibility for benefits or amounts of benefits you will receive and disclaims all liability relating to same.

US
Canada

Unemployment Insurance 

The U.S. Department of Labor has resources to help workers and employers to replace lost income as a result of the effects of COVID-19. 

Anyone who is unable to work because of COVID-19 may qualify for unemployment benefits. That includes: 

  • People who have been diagnosed with COVID-19, 

  • Providing care for someone who is diagnosed with COVID-19 

  • Required to self-quarantine 

  • Need to stay home to care for their children 

*If you’re receiving paid leave benefits, like sick leave, you won’t qualify for unemployment. 

Click links below for additional details:  

https://www.dol.gov/coronavirus/unemployment-insurance 

State of California  

State of New York 

The CARES Act 

The CARES Act provides fast and direct economic assistance for American workers and families. 

Recovery rebates for individuals: 

If your income is $75,000 or less (or $150,000 or less if you’re married), you’re eligible for a $1,200 individual or $2,400 married couple rebate. If you have dependent children under age 17, you’ll also be eligible for an additional $500 per child. 
If you make over $75,000 or $150,000, your rebate will be reduced by $5 for every $100 over $75,000 that you make. But if you make over these threshold amounts, you won’t receive a rebate: 

  • Individual: $99,000 

  • Head of household with one child: $146,500 

  • Joint filers with no children: $198,000 

Click Here for more information on the CARES Act and eligibility 

IRS: Check on the status of your recovery rebate and/or update your direct deposit information.

Student Loans: The government has automatically suspended certain federal loan payments and has waived interest on those qualifying loans through September 30, 2020. Contact your student loan provider to determine the impact this may have on your federal loan payment requirements. Note that commercially held loans do not qualify for these exceptions.

Employment Insurance (EI)

Employment Insurance (EI) provides regular benefits to individuals who lose their jobs through no fault of their own. You could receive 55% of your insurable earnings (up to a maximum of $573 a week).

Click here for more information on EI Benefits

Canada Emergency Response Benefit (CERB)

If you have stopped working because of COVID-19, the Canada Emergency Response Benefit (CERB) may provide you with temporary income support. 

The CERB is a taxable benefit of $2,000 every 4 weeks for up to 16 weeks to eligible workers who have lost their income due to COVID-19. 

The CERB is available to workers who meet all the following conditions: 

  • stopped working because of COVID-19 or are eligible for EI regular or sickness benefits 

  • have not voluntarily quit their job 

  • had income of at least $5,000 in 2019 or in the 12 months prior to the date of their application. 

Recent changes to CERB eligibility rules: 

  • Allow people to earn up to $1,000 per month while collecting the CERB. 

  • Extend the CERB to workers who have recently exhausted their EI regular benefits and are unable to find a job because of COVID-19. 

Apply for Canada Emergency Response Benefit (CERB).

 

Students and recent graduates: All student loan borrowers will automatically have their loan repayments and interest suspended until September 30, 2020.
Students do not need to apply for the repayment pause.

This moratorium applies to the federal portion of student loans. Borrowers should check with their provincial or territorial student loan provider to see if payment is required on the provincial or territorial portion