Canada Extending COVID-19 Benefits to October 23, 2021

The government of Canada recently announced that it is extending COVID-19 benefits until October 23, 2021. What are the specific details of this announcement? See below.

Canada Extending COVID-19 Benefits – Canada Emergency Wage Subsidy (CEWS) , Canada Emergency Rent Subsidy (CERS) and Lockdown Support

The Canadian government’s recent news release states that it will extend the eligibility period for these three programs up to October 23, 2021. It will also increase the rate of support that employers and organizations can receive during the period between August 29, 2021 to September 25, 2021. This will be a relief to many employers who are still trying to get their businesses up and running.

Canada Extending COVID-19 Benefits – Canada Recovery Benefit (CRB), the Canada Recovery Caregiving Benefit (CRCB), Canada Recovery Sickness Benefit (CRSB) 

The same government news release above also stated that these three programs would be extended until October 23, 2021. Regarding the Canada Recovery Benefit (CRB), the government is extending the maximum number weeks available by four weeks for a total of 54 weeks at a rate of $300.00 per week.

The government also ensures it that the Canada Recovery Benefit (CRB) will be available to ones who have exhausted their Employment Insurance Benefits.

Conclusion

This announcement will come as a relief to many Canadians as there is still uncertainty in the economy due to the pandemic. Will all these benefits end after October 23, 2021? Only time will tell but as seen by this recent announcement, things are still not back to normal. Also, we see that COVID-19 is very resilient and no one knows how bad things could get with the variants. Because of this the government is taking a cautious approach and as we have seen with this announcement, it will adjust accordingly. As a result, these benefits could end or not. We will have to wait and see.

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