3 New Financial Support Measures for Individuals Announced

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The Federal Government recently introduced the following financial support measures to help individuals during this difficult time:

• Canada Recovery Benefit (CRB): The CRB will provide $400 per week for up to 26 weeks to workers who are self-employed, are not eligible for EI but still need income support, are available and looking for work and whose income has dropped or not returned due to COVID-19. Please note that you must have at least $5,000 of employment and/or self-employment income in 2019 or in 2020 to be eligible and have not quit your job voluntarily. This benefit will start on September 27th and end after one year.
• Canada Recovery Sickness Benefit (CRSB): This benefit will provide $500 per week for up to 2 weeks for workers who are sick or must self-isolate for reasons related to COVID-19. You must be employed or self-employed at the time of application and have earned at least $5,000 in 2019 or 2020 to be eligible. The CRSB will start on September 27 and end one year after this date.
• Canada Recovery Caregiving Benefit (CRCB): The CRCB will provide $500 per week for up to 26 weeks per household to eligible individuals and will take effect from September 27 for one year. The following conditions must be met to be able to qualify for this benefit:

o Reside in Canada, have a valid SIN and be at least 15 years old
o Be employed or self-employed on the day immediately preceding the period for which the application is made
o Have an income of at least $5,000 in 2019 or in 2020
o Have been unable to work for at least 60% of their normally scheduled work within a given week because they must take care of a child under  12 years old, they must provide care to a family member with a disability  or a dependent, not be in receipt of paid leave from an employer in respect of the same week and not be in receipt of the CERB, EI Emergency Response Benefit, the Canada Recover Benefit, the Canada Recovery Sickness Benefit, short-term disability benefits, workers’ compensation benefits or any EI benefits or Quebec Parental Insurance Plan benefit in the same week.

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

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