As you can imagine, there have been lots of concerns about essential workers who keep working but are earning less money than they would have if they received the CERB. Watch out! Information and questions regarding the Canada Emergency Student Benefit. The CERB offers a taxable benefit of $2,000 to workers who have lost their income due to COVID-19. $100 million is being put towards supporting federal health initiatives in First Nations and Inuit communities. The Government of Canada is providing support to businesses through the: This expanded wage subsidy program will cover the first 75% of an employee’s wages up to $847 per week if the employer has suffered a drop in revenue of at least 15% in March, 30% in April and May. Singles were paid close to $400 on average and the increase was about $600 for couples. The minimum withdrawals for RRIFs are reduced by 25% for 2020. CESB Guidelines downloadable version of the CESB Guidelines. Financial Help for Individuals Affected by COVID-19 (Federal), COVID-19 Financial Support for Indigenous Peoples, COVID-19 Financial Support for Canadians Abroad, COVID-19 Support for Renters and Homeowners, COVID-19 Financial Assistance to Businesses, Mortgage Insurance Premiums To Rise in 2017, 10 Expenses You Can Claim For Your Freelance Work, A Guide to TD Chequing Accounts in Canada, Robinhood Canada: Investing Apps Like Robinhood in Canada, You are at least 15 years of age or older and reside in Canada, You have stopped work or will stop work and have not received income for at least 14 days in a row in the last 4 weeks due to COVID-19, You are not currently receiving EI benefits, You earned a minimum of $5,000 in income in the last 12 months or in 2019, Students who are enrolled in a post-secondary education program that leads to a degree, diploma, or certificate, Students who graduated no earlier than December 2019, High-school graduates who have applied for and will be joining post-secondary programs in 2020, Canadian students who are studying abroad and meet one of the above criteria. This post provides information about what the federal benefits entail and how to apply. Employers can apply for the CEWS through CRA’s My Business Account portal. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. Mid May is the current estimate. The maximum duration for the Work-Sharing program has been extended from 38 weeks to 76 weeks for employers impacted by COVID-19. Funding is being provided to support seniors through United Way Canada and the New Horizons for Seniors Programs. Posted by Enoch Omololu | Published Jun 3, 2020. If you already applied to the program before it closed in February, you can find job placements here. It should be able by mid May. There are also specific programs for indigenous peoples, seniors, victims of abuse, students, and recent graduates. In any case, CERB and CEWS applicants didn't have to wait long to get the money. This recently announced program will provide an income of up to $2,000 to post-secondary students and recent graduates who are unable to work due to COVID-19 and who are not eligible for the CERB. With direct deposit, they typically received the money 2-3 days … Enoch Omololu is a personal finance blogger and a veterinarian. CESB holds its first-ever virtual Mid-Year Performance Review and Planning Conference With the theme: “Agile Iterations toward Service Continuity, Connectivity, and Calibration” Posted on Wednesday | October 1, 2020. The most popular benefit has been the Canada Emergency Response Benefit which provides $2,000 every four weeks to workers who no longer receive an income due to the pandemic. After that, it’ll take some time to set up an online portal to apply, plus an automated telephone line in all likelihood. You will also receive our FREE e-Book! Changes have been made to this program so that employers who hire students can apply for a subsidy of up to 100% of the provincial or territorial hourly minimum wage.

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