Link: Canada Recover Benefit
The Canada Recovery Benefit is the newly introduced replacement for the now defunct Canada Emergency Response Benefit. It replaces the CERB but only if a person is not eligible to be covered by their Employment Insurance.
The benefit pays out $1000 every two weeks, with tax deducted at source, for up to 26 weeks. As with CERB the application for CRB is through My Account and must be re-applied every two weeks.
Eligibility for the Relief Fund:
This one-time payment provides financial support to help you cover increased costs caused by COVID-19:
You do not have to apply. This payment will be issued as soon as possible.
The CRSB is intended to support workers who are sick or must self-isolate for reasons related to COVID-19.
It will provide $500 per week (taxable, tax deducted at source) for up to a maximum of two weeks, for workers who are unable to work for at least 50% of the week because they contracted COVID-19, self-isolated for reasons related to COVID-19, or have underlying conditions, are undergoing treatments or have contracted other sicknesses that, in the opinion of a medical practitioner, nurse practitioner, person in authority, government or public health authority, would make them more susceptible to COVID-19.
This benefit will be paid in one-week periods.
There is a similar benefit for those who lose income because they are caring for a relative affected by COVID-19, it is called the Canada Recovery Caregiving Benefit
Even though the CERB has ended, the CRA is continuing to accept and process retroactive applications until December 2, 2020.
Periods 5 to 7: You can apply through the CRA’s My Account or automated toll-free phone line at 1-800-959-2019 or 1-800-959-2041.
Periods 1 to 4: You can apply by speaking to one of our agents at 1-800-232-1966. Please note that you may be required to provide additional documentation to the CRA prior to your application being approved.
The proposed Canada Emergency Wage Subsidy would cover 75 per cent of salaries for qualifying businesses, for up to 3 months, retroactive to March 15, 2020. Employers of all sizes and across all sectors of the economy would be eligible with the exception of public sector entities.
This program is designed to help employers hardest hit by the COVID-19 pandemic to keep and retain workers. A special rule will apply to employees that do not deal at arm’s length with the employer.
Organizations that do not qualify for the Canada Emergency Wage Subsidy may qualify for the previously announced wage subsidy of 10 per cent of remuneration paid from March 18 to before June 20, 2020.
On March 18, 2020, the Prime Minister announced a temporary 10% wage subsidy. For employers that are eligible for both the Canada Emergency Wage Subsidy and the 10% wage subsidy for a period, any benefit from the 10% wage subsidy for remuneration paid in a specific period would generally reduce the amount available to be claimed under the Canada Emergency Wage Subsidy in that same period.
The new Canada Emergency Business Account will provide interest-free loans of up to $40,000 to small businesses and not-for-profits, to help cover their operating costs during a period where their revenues have been temporarily reduced. To qualify, these organizations will need to demonstrate they paid between $50,000 to $1 million in total payroll in 2019.
This program will roll out in mid-April, and interested businesses should work with their current financial institutions.
While schools and child care centres are closed, parents can apply for direct funding to offset the cost of buying materials to support their children’s learning, while they practice self-isolation and physical distancing.
Eligible parents will receive a one-time per child payment of:
This funding can help parents with the costs of work books, educational apps, educational subscription services, movies and other tools to support learning at home.
Parents refers to parents, guardians, and caregivers.