October 7, 2020

Canada Recovery Benefit (CRB)

With the Canada Emergency Response Benefit ending, many Canadians wondered what would happen next. The Government of Canada recently announced the Canada Recovery Benefit (CRB) which is being called an […]

With the Canada Emergency Response Benefit ending, many Canadians wondered what would happen next. The Government of Canada recently announced the Canada Recovery Benefit (CRB) which is being called an extension of the CERB, though it does have some key changes.

The Canada Recovery Benefit (CRB) gives income support to employed and self-employed individuals who are directly affected by COVID-19 and are not entitled to Employment Insurance (EI) benefits.

If you are eligible for the CRB, you can receive $1,000 ($900 after taxes withheld) for a 2-week period.

If you need it more than once, then you must apply again. Individuals can apply up to a total of 13 eligibility periods (26 weeks) between September 27, 2020 and September 25, 2021.

The CRA has put together a handy checklist for everything you need to be eligible for the CRB.  You can view this here.

Details about how you can apply will be available on October 12, 2020. You can learn more about it and keep updated here.

As always, if you have any questions please contact your trusted Catalyst advisor or inquire@thecatalystgroup.ca