Posted on June 28th, 2021 in Domestic Tax

COVID-19 BENEFITS FOR INDIVIDUALS: Extended Again

The word Extension written on a post-it note

The government announced further proposed extensions to the eligibility periods for several personal income replacement COVID-19 benefits. The announcement included:

  • Extending the Canada Recovery Caregiving Benefit (CRCB) and the Canada Recovery Sickness Benefit (CRSB) until May 7, 2022.
  • The New Canada Worker Lockdown Benefit, which provides income support to workers whose employment has been interrupted by specific government-imposed public health lockdowns and who may have been unable to work due to such restrictions.
    • The new benefit would be:
      • $300 a week.
      • Strictly available to workers whose work interruption is a direct result of a government-imposed lockdown.
      • Available until May 7, 2022, with retroactive application to October 24, 2021.
      • Accessible for the entire duration of the lockdown (up until May 7, 2022).
      • Available to workers who are ineligible for EI and those who are eligible for EI, as long as they are not paid benefits for the same period.
      • Individuals whose loss of income or employment is due to their refusal to adhere to a vaccine mandate would not be able to access this benefit.

In addition, self-employed workers who have opted-in to the EI program to access special benefits will be able to use a 2020 earnings threshold of $5,000 compared to the previous threshold of $7,555. This change will be retroactive to claims as of January 3, 2021, and will apply until October 23, 2021.

If you need any assistance with this or other government subsidies, please reach out to a member of the Government Relief Team.

 

More articles related to COVID-19: Business Resource Centre