Canada’s Minister of Finance announced today, further economic measures to help stabilize the economy and recognize the impact that the COVID-19 outbreak is having on our daily lives. Below is a summary of the announcement. A full release of the information can be found here:
The New Canada Emergency Response Benefit (CERB)
This benefit is to replace the previously announced Emergency Care Benefit and the Emergency Support Benefit.
This will be a taxable benefit of $2,000 per month for up to four months for those who have lost income as a result of the COVID-19 pandemic. The CERB would cover Canadians who have lost their job, are sick, quarantined or taking care of someone who is sick with COVID-19, as well as parents who must stay home without pay to care for their children who are sick or at home because of the school and daycare cancelations. It is also available to those who are still employed but are not receiving income because of insufficient work and have been asked to stay home by their employer. Self-employed individuals including contract workers who are not otherwise eligible for employment insurance will also be eligible to apply.
For those who are already receiving regular EI benefits, their EI will continue and they should not apply for the CERB. For those who have applied for EI and their application has not yet been processed, do not need to reapply.
The CERB benefit will apply be accessible through the secure web portal starting early April (estimated April 6th). Those who apply will begin receiving the CERB within 10 days of applying and it will be paid every four weeks until October 3, 2020.
Further measures and details are still to be released.
Please contact any Millards location if you have any questions about this announcement. Please try to keep your questions to phone or email as we are continuing to ensure social distancing with all interactions. Please continue to visit this website for further details on our current policies.