How to prepare an application for the new Canada Emergency Response Benefit

For the full article: https://www.cp24.com/news/how-to-prepare-an-application-for-the-new-canada-emergency-response-benefit-1.4876215

CERB offers a monthly $2,000 payment for a period of up to 16 weeks for those who wouldn’t otherwise be eligible for Employment Insurance. Though the regulations around who’s eligible for EI are opaque, as a general rule, EI is designated for Canadians who’ve lost their job through no fault of their own (those who believe they might be but aren’t sure are typically encouraged to apply anyway).

The criteria for CERB qualification are much broader. Any Canadian who has ceased working for a 14-day period due to COVID-19 is eligible. That includes wage earners, contract workers, or self-employed individuals; those who’ve had to stay home without pay to self-isolate or care for loved ones; and anyone else who hasn’t been permanently laid off but has stopped receiving pay cheques.

The CERB application portal is slated to open on April 6, while those who are eligible for EI can currently apply on the Government of Canada website.

Employees and owners of small businesses and non-profit organizations should also soon be able to breathe a sigh of relief following the release of the Canada Emergency Wage Subsidy, a federal benefit designed to help entrepreneurs cover up to 75 per cent of wages and keep their employees on payroll. For more information, please see this link: https://www.canada.ca/en/department-finance/news/2020/04/the-canada-emergency-wage-subsidy.html