Federal Government Extends Certain COVID-19 Recovery Benefits

The federal government has announced plans to increase the amount of time that individuals can receive income support through its COVID-19 recovery benefits.
Categories: Personal Insurance
Mar 1st, 2021 | By: CapriCMW

The federal government has announced plans to increase the amount of time that individuals can receive income support through its COVID-19 recovery benefits.

CANADA RECOVERY BENEFIT AND CANADA RECOVERY CAREGIVING BENEFIT

12 weeks will be added to the eligibility periods for these programs, which will max out at 38 weeks:

  • The Canada Recovery Benefit provides $1,000 ($900 after tax) per each two-week period to eligible applicants who are not entitled to Employment Insurance benefits and are unemployed due to COVID-19 or have had their income reduced by 50% due to COVID-19. 
  • The Canada Recovery Caregiving Benefits provides $500 ($450 after tax) per week to eligible applicants who are unable to work at least 50% of their scheduled work week because they are caring for a child under 12 years old or a family member that requires supervised care. 

CANADA RECOVERY SICKNESS BENEFIT

The Canada Recovery Sickness Benefit will provide $500 ($450 after tax) per week for four weeks (up from two weeks) to those who are unable to work because they are sick or need to self-isolate due to COVID-19, or have an underlying health condition that puts them at greater risk of getting COVID-19. 

EMPLOYMENT INSURANCE

Employment Insurance eligibility is being expanded, allowing qualified applicants to claim up to 50 weeks of benefits, up from 26.

Prior to the announcement of these programs being extended/expanded, many Canadians would have stopped receiving these benefits by late March. 

Visit the Government of Canada's webpage on COVID-19 benefits and services for full details and program eligibility requirements.

 

Recent Blog Posts

Business Insurance / Construction, Real Estate, mass timber, sustainable housing
BC Proposes Building Code Changes to Allow 18-Storey Mass Timber Buildings

The provincial government has proposed changes to the British Columbia Building and Fire Codes (BC…

Dec 27th, 2023 | By: CapriCMW
Business Insurance / Small Business, SME, commercial property
Applications Open for BC's Securing Small Business Rebate Program

As of November 22, 2023, small businesses in BC can apply for a new provincial rebate to help them…

Dec 12th, 2023 | By: CapriCMW
Employee Benefits / employment law, employee benefts, pay transparency, pay equity
New Pay Disclosure Requirements Now in Effect for BC Employers

As of November 1, 2023, employers are required to include wage or salary ranges in job postings open…

Nov 16th, 2023 | By: CapriCMW
Search the Blog
photo-10.jpg

Confidence and Freedom

At CapriCMW, we provide personalized insurance and custom risk solutions to give you the confidence and freedom to focus on what matters to you. Talk to an Advisor or get a quote today.

Get a Quote    Or call 1-800-670-1877

Can’t find what you are looking for? Ask us!