CERB Extension: Are You Eligible for the CRB or the EI?

ca.sports.yahoo.com
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While the CERB has ended, the federal government will extend monetary benefits via the CRB and EI. The post CERB Extension: Are You Eligible for the CRB or the EI? appeared first on The Motley Fool Canada.
The Canada Revenue Agency (CRA) has paid close to $80 billion via the CERB (Canada Emergency Response Benefit) to 8.8 million Canadians since April 2020. This retroactive payment has helped ease the financial burden on people who lost their jobs due to COVID-19.

Canada's unemployment rate was well over 13% in May 2020. While it has now declined to 10.2%, millions of residents are still grappling with job losses. The CERB was a federal benefit that helped Canadians pay their bills during these uncertain and tumultuous times. The payout was extended several times, but it came to an end on September 26.

From CERB to CRB and EI

While the CERB payouts have expired, the Canadian government is still providing help via federal programs, such as the Canada Recovery Benefit (CRB) and a revised Employment Insurance (EI) program.

These programs also offer Canadians $500 in weekly payment for up to a period of 26 weeks, taking the maximum payout to $13,000.

However, the CRA scrapped the requirement where the claimant should have earned less than $1,000 in working income to claim the benefit. This eligibility came under fire, as it discouraged people who…
Aditya Raghunath
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