In light of the emergency measures due to be introduced on January 14, 2021 we have reviewed Federal aid benefits currently in place and have listed them below:
Employees:
EI- https://www.canada.ca/en/services/benefits/ei.html
CRB- Canada Recovery Benefit- Eligible employees receive $500 per week (taxable, tax deducted at source) for up to 26 weeks and have had employment income reduced by 50%
CRCB- Canada Recovery Caregiving Benefit- Eligible to receive $500per week (taxable, tax deducted at source) for up to 26 weeks who are unable to work more than %50 of the week to take care of children under 12 because of school and daycare closures because COVID19
Please see the link below for more information on the above
https://www.canada.ca/en/services/benefits/ei/cerb-application/transition.html
Businesses:
CERS- Canada Emergency Rent Subsidy- https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-rent-subsidy.html
CEWS- Canada Emergency Wage Subsidy- https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-wage-subsidy.html
Please note the amounts have changed as of January 6, 2020- https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-wage-subsidy/cews-what-changes.html
CEBA- additional $20,000.00, $10,000 must be paid by December 31,2022 for the other $10,000.00 to be forgiven (same parameters as CEBA $40K) Your bank will show it as a $60K loan now. $40K by December 31, 2022 for $20K to be forgiven.
Ontario Benefits Business:
https://covid-19.ontario.ca/covid-19-help-businesses-ontario
Ontario Benefits Individuals:
https://www.ontario.ca/page/covid-19-support-people#section-0
PLEASE NOTE: CERB is no longer available as of December 2, 2020.
We will continue to monitor the government support programs and will update the website accordingly.