CRA Cash Benefits: The $500 CRB Is Better and More Flexible than CERB
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fairly easy
The CRA has launched the new CRB, and it will give CERB recipients who don't have EI $500 a week for up to 26 weeks. Wait! The CRB is better than CERB in two ways. The post CRA Cash Benefits: The $500 CRB Is Better and More Flexible than CERB appeared first on The Motley Fool Canada.
The Canada Revenue Agency (CRA) has launched the new Canada Recovery Benefit (CRB) this week. The CRB is an alternative Canada Emergency Response Benefit (CERB) for those who don't have an Employment Insurance (EI) or have exhausted their EI.

The CERB was the most popular and successful benefit of the CRA to date, and Canadians had difficulty parting ways with the benefit. Change is not easy, but it is still a necessity.

Adapting to a new way of living with COVID-19, people need more flexibility in terms of work without affecting their income. Many people would be jobless or may not be able to work because of COVID-19-related issues.

Anyone can contract coronavirus. At that time, the infected person has to be quarantined for 14 days. The area is declared a containment zone, and the local shops and businesses are closed. The new recovery benefits are designed to address these issues.

The $500 CRB is better than the $500 CERB

The Justin Trudeau government has passed new legislation in which it increased the CRB benefit to $500 a week, bringing it in line with the CERB. The government realized that it would at least take a year for the economy to return to normalcy. Hence, the new CRB begins from September 27 and ends on September 25, 2021. Every eligible individual can claim the CRB for up to 26 weeks, claiming a maximum of $13,000.

The CRB is just like the CERB. It is better than the CERB in two ways.

You can claim the CRB even if your monthly income for the benefit period…
Puja Tayal
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