Canadian Prime Minister Justin Trudeau during his election campaign tour in Candiac, Quebec Canada, September 12, 2021. REUTERS / Carlos Osorio

The Canada Recovery Benefit (CRP) will end on October 23 and will be replaced by a new program called the Canada Worker Containment Benefit, which can take effect in the event of temporary local containment.

“As the CRB has done so far, this new benefit, the Canada Worker Containment Benefit, would provide $ 300 per week to workers under confinement, including those who are not eligible for insurance. -use. Deputy Prime Minister Chrystia Freeland said at a press conference.

The Canada Recovery Benefit (CRP) paid $ 450 per week and was available to those ineligible for Employment Insurance (EI). Those who are not employed or self-employed for reasons related to COVID-19, or those whose income has been reduced by at least 50 percent due to COVID-19 are also eligible.

“These supports have always been designed to be temporary to help us get through the crisis,” Freeland said. “We are now in a new phase, very different from the darker days of the fight against covid”

The Canada Illness Recovery Benefit (CRSB) and the Canada Caregiver Recovery Benefit (CRCB) will be extended until May 7, 2022.

“The total cost of these measures until May 7 next year will be $ 7.4 billion, compared to the $ 289 billion we have spent on revenue and business support since the start of the pandemic. “

Jessy Bains is a senior reporter at Yahoo Finance Canada. Follow him on twitter @jessysbains.

Download the Yahoo Finance app, available for Apple and Android.



Source link

Leave a Reply

Your email address will not be published.