The CERB (Canada Emergency Response Benefit) extension has been announced by the Canadian Government after much speculation. Many were wondering when and if this would happen due to the fact that a number Canadians who are on CERB would see their benefits end as early as the first week of July. And many people still don’t have jobs to go back to and the economic situation overall still feels pretty shaky. Here are the CERB extension details that were announced below:
CERB Extension Details
The CERB program has been extended an extra 8 weeks. So the maximum number of weeks a person can collect is now 24 weeks from 16 weeks. The amount remains the same, which means you would still collect $2000.00 for each 4 week period.
CERB extended from 16 weeks to 24 weeks for workers who:
stopped working due to COVID-19 or
are eligible for Employment Insurance regular or sickness benefits or
have exhausted their Employment Insurance regular benefits or Employment Insurance fishing benefits between December 29, 2019 and October 3, 2020.
Only apply for the CERB through either Service Canada or the Canada Revenue Agency (CRA) – not both.
CERB Extension Details – End Date of Program
Even though the number of weeks has been been extended, the program still ends on October 3, 2020. This means you would have to collect all 24 weeks before this date to get the maximum CERB benefit amount.
The announcement of the CERB extension is a relief for many Canadians as even though parts of the country are starting to open up, many Canadians are still in a perilous financial situation. Regarding what will happen afterwards, no one knows as the situation is fluid and still unpredictable. The reality is that a lot depends upon how Covid-19 spreads in the next while or if there is a second wave of the pandemic. Also, a lot depends upon how quickly the economy can recover. One thing is for sure: we are living in truly unique times.
Wondering what the Canada Emergency Student Benefit is? It is an important question to answer if you are a student. As a student, you’re likely wondering how you can earn money this summer during this pandemic. On April 22, 2020, the government outlined a program to help these students in this situation.
What is the Canada Emergency Student Benefit Program?
It is a relief program proposed by the government of Canada to help post-secondary students who aren’t able to find full-time employment or cannot work due to COVID-19. Also, if they are not eligible to receive either Employment Insurance benefits (EI) or the Canada Emergency Response benefits (CERB). Many post-secondary students are not eligible for either of these programs as they have not worked enough to qualify.
How Much Do You Get and For How Long?
Students who qualify would receive $1250 per month for up to 4 months (May 2020 to August 2020). If the student has a disability or has dependents, they can receive an additional $750 per month.
Canada Emergency Student Benefit Program, Who is Eligible?
Students who are enrolled in a post-secondary education program leading to a degree, diploma, or certificate.
Students who ended their studies or graduated no earlier than December 2019.
High-school graduates who have applied for and will be joining post-secondary programs in the coming months.
Canadian students studying abroad meeting one of the above criteria.
When Can I Apply? Update!
You can apply for the program starting on May 15, 2020 at 6 am Eastern time. For more details on how to apply and inputting an online application please go to the Government of Canada’s website.
When Will I Get Paid?
The most important question of course! The Government of Canada’s website says that if CRA has your direct deposit information, your payment will take 3business days. If not, then a cheque will take about 10 business days.
The Canada Emergency Student Benefits Program is a way to help the many students who cannot find employment. It helps close the gap of students who don’t qualify for Employment Insurance or the Canada Emergency Response Benefits Program. Hopefully the program will be up and running shortly. When we get more details, we will update this page with further information.