Canada Emergency Response Benefit
The Canadian Federal government has announced a benefit program for those who are out of employment due to the COVID-19 lockdown.
Updates since the video was recorded:
- The Prime Minister announced 15 April that workers earning less that $1,000 a month can still apply for the CERB. This will be great news for self-employed people as it takes away this “not working” and “no income” issue. This has yet to be documented, so stay tuned for updates.
- The CERB program has now ended. The EI program has been enhanced to offer ongoing assistance. Workers not eligible for EI (such as self-employed persons) have a new CRB benefit (see here for a complete list of post-CERB options).
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Here’s the outline from the video:
* = updates to the outline since the video was recorded
- Eligibility Criteria
- Resident Individuals 15+ years old
- At least $5000 in employment income in 2019 in 12 months prior to application
- Can include dividends from Small Business Corps
- Stopped work and not earning due to COVID-19 (not quit) (April 15: up to $1,000 is now permitted)
- First application must satisfy for 14 consecutive days
- Subsequent applications entire 4-week period
- Benefits
- $2000 for 4 week block
- 15 March – April 11
- 12 April – May 9
- 10 May – June 6
- $2000 for 4 week block
- Application
- CRA My Account
- Phone 1-800-959-2019
- Day of the week to apply based on your birth month
- Monday: Jan-Mar
- Tuesday: April-June
- Wednesday: July-Sept
- Thursday: Oct-Dec
- Friday-Sunday: anyone
- Issues
- Not eligible if you are already receiving EI
- Self-employed people are eligible, but need to watch the “not working” and “no income” rules (*April 15: up to $1,000 is now permitted)
- Recommendations
- Last resort for business-owners
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To learn more about the Canadian Federal government emergency business concept read the Concept