• chloedai

Canada Recovery Benefit

The Canada Recovery Benefit provides $1000 every two weeks for up to 26 weeks (13 periods) for individuals ineligible for EI (including self-employed individuals).


Eligibility

  • Canadian residents

  • at least 15 years of age

  • has a Social Insurance Number (SIN)

  • has stopped working due to COVID-19 and are available and looking for work, or are working and have had a reduction in their employment/self-employment income for reasons related to COVID-19

  • not eligible for Employment Insurance (EI)

  • had employment and/or self-employment income of at least $5000 in 2019 or in 2020; and

  • has not quit your job voluntarily


Individuals must reapply after every two-week period for which they are seeking income support and attest that they continue to meet the requirements.


Benefit period: 26 weeks (September 27, 2020 to September 25, 2021)


The benefit is taxable: only $900 will be paid each period (10% will be withheld for tax)


Applicants may receive benefits WHILE earning income from employment/self-employment. However, you must reimburse $0.50 of the CRB for every dollar of net income you earned above $38,000. Late payments will be charged interest.