• KD Wray

Government Benefit Program Updates


CANADA EMERGENCY STUDENT BENEFIT (CESB)

September 29, 2020


Benefits for certain students not eligible for CERB

Benefit available from May to August 

All applications must be submitted by September 30


You can find more information by pressing the link below:

https://www.canada.ca/en/revenue-agency/services/benefits/emergency-student-benefit.html


CANADA EMERGENCY RESPONSE BENEFIT (CERB)

September 29, 2020


The final period for CERB was August 30 through September 26 (period 7)

Qualifying Individuals were able to apply for 28 weeks (7 four week periods)

The application can still be submitted through CRA’s My Account

The deadline to apply is December 2, 2020, for any period 1 through 7

Benefits received are fully taxable


You can find more information by pressing the link below:

https://www.canada.ca/en/revenue-agency/services/benefits/apply-for-cerb-with-cra/how-apply.html



CANADA RECOVERY BENEFIT (CRB)

PENDING LEGISLATION

September 29, 2020


A replacement program for CERB

• $500 a week for 26 weeks for self-employed or those not eligible for Employment Insurance (EI) and require income support

Must be 15+ years of age with a valid social insurance number

Must have earned $5,000 or more in 2019, in 2020 or in the 12 months preceding your first application from employment income, self-employment income, EI maternity or parental benefits

Must have stopped working due to COVID-19 and are available and looking for work or are working and have had a reduction in income related to COVID-19

Have to have had at least a 50% reduction in employment/self-employment related to COVID-19

Have not quit your job voluntarily

Cannot be receiving other benefits under CRCB, CRSB, short term disability, WSIB or EI for the week for which you are applying

Benefits received are fully taxable

The tentative start date is September 27, 2020, for one year



EMPLOYMENT INSURANCE (EI)

September 29, 2020


Temporary changes announced as of September 27 to further support Canadians looking for work

Eligible for EI and you:

Were employed for at least 120 hours in the past 52 weeks

If received the CERB, the 52 week period to accumulate insured hours will be extended

Stopped working through no fault of your own

Did not quit your job voluntarily

Are ready, willing and capable of working each day

Are temporarily unable to work while you care for someone else or yourself (EI maternity, parental, sickness, compassionate care and family caregiver benefits)

Eligible for EI benefits, minimum taxable benefit of $500 per week or $300 per week for extended parental benefits



CANADA RECOVERY SICKNESS BENEFIT (CRSB)

PENDING LEGISLATION

September 29, 2020


• $500 a week for up to 2 weeks for workers who cannot work due to sickness or must self isolate for reasons due to COVID-19

Must be 15+ years of age with a valid social insurance number

Must have earned at least $5,000 in 2019, in 2020 or in the 12 months preceding your first application from employment income, self-employment income, EI maternity or parental benefits

Must have been unable to work at least 50% of your normally scheduled work within a given week because of being sick or required to self-isolate for reasons related to COVID-19

Must not be eligible for paid leave from an employer for the applicable week

Must not be in receipt of CERB, ERB, CRB, CRCB, short term disability or EI benefits

The tentative start date is September 27, 2020, for one year



CANADA RECOVERY CAREGIVING BENEFIT (CRCB)

PENDING LEGISLATION

September 29, 2020


• $500 a week for 26 weeks per household to eligible workers who cannot work because they must provide care to children or family members due to closure of schools, daycares or care facilities

Must be 15+ years of age with a valid social insurance number

Must have earned  at least $5,000 in 2019, in 2020 or in the 12 months preceding your first application from employment income, self-employment income, EI maternity or parental benefits

Must have been unable to work at least 50% of your normally scheduled work within a given week because of:

Must care for a child under 12 years of age due to one of the following:

School or daycare closure

Cannot attend due to medical advice due to being high risk if they contract COVID-19

The caregiver is not available for reasons related to COVID-19

Must provide care to a family member who requires supervised care due to one of the following: Day program or care facility is closed

Cannot attend due to medical advice due to being high risk if they contract COVID-19

The caregiver is not available for reasons related to COVID-19

Only available to one individual in the household for the particular week

Not in receipt of paid leave from an employer in respect of the particular week

Must not be in receipt of CERB, ERB, CRB, CRSB, short term disability or EI benefits for the particular week

The tentative start date is September 27, 2020, for one year


You can find more information about CRB, EI, CRSB, and CRCB by pressing the links below:


Employment Insurance (EI)

https://www.canada.ca/en/services/benefits/ei/ei-self-employed-workers.html


Canada Recovery Benefit (CRB), Canada Recovery Sickness Benefit (CRSB), Canada Recovery Caregiving Benefit (CRCB)

https://www.canada.ca/en/department-finance/economic-response-plan.html



CANADA EMERGENCY WAGE SUBSIDY (CEWS)

September 29, 2020


Period 7 opens September 30 for the period August 30 through September 26

Currently, the program is scheduled to run for nine periods from March 15 through November 21

Major rule change starting with period 5

Rules are very complex, call us to discuss

The Throne Speech (dated September 23, 2020) indicated that the government is considering extending the CEWS to the summer of 2021


You can find more information by pressing the link below:

https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-wage-subsidy.html



CANADA EMERGENCY BUSINESS ACCOUNT (CEBA)

September 29, 2020


The application deadline is October 31

Businesses with payroll apply through their primary financial institution

Businesses without payroll apply through their primary financial institution and must submit non-deferrable expense support of $40,000+ to the Canada Revenue Agency

The Throne Speech (dated September 23, 2020) indicated that the government is considering the expansion of the CEBA to help businesses with fixed costs


You can find more information by pressing the link below:

https://ceba-cuec.ca/



CANADA EMERGENCY COMMERCIAL RENT ASSISTANCE (CECRA)

September 29, 2020


Assists commercial tenants with rent relief

The new application deadline is September 30, 2020, for 5 month period from April through August

Once the initial application is pre-approved, you can then opt-in for September

The opt-in deadline is October 30, 2020

The landlord is the applicant


You can find more information by pressing the link below:

https://www.cmhc-schl.gc.ca/en/finance-and-investing/covid19-cecra-small-business



10% TEMPORARY WAGE SUBSIDY

September 29, 2020


A subsidy on the payroll for a three month period from March 18 to June 19 

The subsidy reduces CEWS for the applicable period if both are claimed

All employers are to file Form PD27 regardless of whether a claim for the 10% Temporary Wage Subsidy was made:

This is to enable the Canada Revenue Agency to reconcile the Temporary Wage Subsidy to employer payroll program (RP) accounts

The PD27 form can be submitted via My Business Account, mail or fax


You can find more information by pressing the link below:

https://www.canada.ca/en/revenue-agency/services/subsidy/temporary-wage-subsidy/tws-reporting.html



2020 T4 PREPARATION

September 29, 2020


Additional T4 reporting requirements in 2020

• Canada Revenue Agency needs data on employment income earned between four specific periods to validate eligibility for CEWS, CERB and CESB


You can find more information by pressing the link below:

https://www.canada.ca/en/revenue-agency/campaigns/covid-19-update/support-employers-cra-covid-19.html




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