CRA $14,000 CERB: Will it Turn Into Permanent Income in 2021?

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The Canada Emergency Response Benefit (CRB) was the lifeline of Canadian workers affected by the pandemic. Since the Employment Insurance (EI) was overwhelmed with millions of claimants, the federal government introduced CERB. It was the flagship program in the COVID-19 Response Plan.

After CERB ended in September 27, 2020, former recipients are transitioning to the revamped EI. Those who can’t qualify can apply for one of three new recovery measures. However, all of Canada Revenue Agency’s (CRA) income support are temporary.

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Original Article Source Credits:   The Motley Fool , https://www.fool.ca/

Article Written By:  Christopher Liew, CFA 

Original Article Posted on:  January 4, 2021 

Link to Original Article:  https://www.fool.ca/2021/01/04/cra-14000-cerb-will-it-turn-into-permanent-income-in-2021/

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