Avisar News

Canada Emergency Response Benefit for Workers

Category Accounting, Taxation

On March 25, 2020, the Federal Government introduced the Canada Emergency Response Benefit (CERB) to support workers and help businesses to keep their employees.  If enacted into legislation, the CERB would apply to wage earners, as well as contract workers and self-employed individuals who would not otherwise be eligible for Employment Insurance (EI).  This taxable benefit would provide $2,000 a month for up to four months for workers (who grossed at least $5,000 in the past 12 months) who lose their income as a result of the COVID-19 pandemic.  Individuals would be able to apply for the benefit in early April and receive benefits within 10 days of application.    The entire Government announcement can be read here.

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