Canada Extending COVID-19 Benefits to October 23, 2021

A picture of COVID-19 virus to highlight the subject of 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.

Other Articles about Government of Canada programs and assistance:

Canada Budget 2021 Highlights

A picture of Canadian 50 dollar bill to denote Canada Budget 2021 highlights.

A few days ago, the Minister of Finance gave Canada budget 2021 highlights. She indicated that there would be 101.4 billion dollars in new spending over next three years. The goal is to recover from the pandemic and kickstart the move to a greener economy. So what are some of the main highlights of the budget?

Canada Budget 2021 Highlights – Main Points

Here are some of the main highlights of the 2021 budget taken from the government of Canada’s website and CBC’s website below. Both those sites go into great deal about the budget but here are the main highlights below:

-Extending the Canada Emergency Wage Subsidy, the Canada Emergency Rent Subsidy and Lockdown Support until September 25, 2021.

-Extending the weeks available for the Canada Recovery Benefit and the Canada Recovery Caregiving Benefit.

-Increasing the Employment Insurance sickness benefits from 15 to 26 weeks.

-$30 billion over five years and $8.3 billion per year after that to create and sustain a national child care program. Goal is a $10/day child care service by 2025-2026.

-Taxable grant payment of $500 to Old Age Security pensioners age 75 or older as of June 2022 and a 10 per cent boost to maximum OAS benefits for pensioners 75 or older starting July 1, 2022.

-$18 billion to build safer, healthier Indigenous communities.

-$17.6 billion for green recovery which means to conserve 25 per cent of lands and oceans by 2025. Also, put Canada on course to exceed climate change targets by cutting emissions to 36 per cent below 2005 levels by 2030.

-A new $15 federal minimum wage.

Conclusion

The above are some of the main highlights of the budget. The government’s plan is ambitious but opponents are worried about the excess spending and huge debt that will be incurred. Will the government’s plan work? Only time will tell as life is pretty unpredictable right now.