By now you've probably heard about the Canada Emergency Response Benefit (CERB) and you likely have some questions: What is it? Do I qualify? When can I apply? How do I apply? When should I expect payment?
If any of this sounds familiar, then we believe this email should help you answer those questions plus a few more helpful tips for you to keep in mind.
This is a taxable benefit. You will need to report any payments received on next year's tax filing and will have to pay any applicable income tax.
CERB is available to individuals who have stopped working or have had their hours reduced as a result of COVID-19. If you haven't been able to secure new clients but are still working on projects with existing clients, you can be eligible if you're only earning up to $1,000 during the 4-week application period.
This benefit will be available to workers:
The $5,000 income does not have to be earned in Canada, but you need to reside in Canada.
The above dates aren't the only time to apply for CERB. The benefit is available from March 15, 2020, to October 3, 2020. You can apply no later than December 2, 2020.
There are two ways to apply for CERB:
You will need to apply and confirm your eligibility for the Canada Emergency Response Benefit every 4 weeks (to a maximum of 16 weeks) if your situation continues.
You do not need to wait until next week to sign up for CRA My Account or to set up your direct deposit payment method. In fact, we recommend you sign in now to ensure all of your information is up to date.