The Federal Budget… some extensions
Here is the link for Canada.ca (federal) benefits that were listed in the budget that came down. Here is the link: https://www.canada.ca/en/services/benefits/covid19-emergency-benefits.html
The Government of Canada has increased the number of weeks of benefits available for workers eligible for Employment Insurance regular benefits, as well as for the Canada Recovery Benefit (CRB), the Canada Recovery Sickness Benefit (CRSB), and the Canada Recovery Caregiving Benefit (CRCB). This increase will ensure that Canadian workers who could begin to exhaust these benefits in March will continue to have access to income support while the economy is further recovering.
The Government has also implemented changes to eligibility for the recovery benefits for international travelers who need to quarantine or isolate upon their return to Canada, including people returning from vacation. These changes are retroactive to October 2, 2020.
Not everything was extended: CERB loans and the Canada Emergency Student benefit are closed. Here is current information on alternatives:
The Canada Emergency Response Benefit (CERB) provided financial support to employed and self-employed Canadians who were directly affected by COVID-19.
Applicants received $2,000 for a 4-week period (the same as $500 a week), between March 15 and September 26, 2020.
Sections
- Eligibility criteria – Closed: Applying for CERB with CRA
Who was eligible for the CERB - Validation of applications: Applying for CERB with CRA
How the CRA may verify your eligibility - Impact on your taxes: Applying for CERB with CRA
How CERB is taxed and what you need to do at tax time - Return or repay a payment: Applying for CERB with CRA
How to return a CERB payment and impact on your taxes - Contact us about CERB
How to contact the CRA with your questions about the CERB
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Patricia is the Business Mentor and owner of Grow Vantage and a Past President of the Barrie Chamber of Commerce. She applies over 30 years of business experience (from start-up to corporate) to mentor entrepreneurs. Since 2011, she has held over 6,500 coaching and training sessions in-person and online. Through Ask For Directions Training, her entrepreneurial training program (and parent company Grow Vantage), and as a business coach, she works with start-ups who are new (or who have lost traction) to design, launch and grow their businesses. Along with 20 other expert instructors she teaches strategies in marketing, sales, communications, and finance, as well as practical techniques to increase productivity, and manage their businesses. In other words, everything entrepreneurs need to learn to grow and run their businesses successfully, and avoid the costly mistakes they can't even see coming - that lead to delays in growth and getting stuck.