Updates to Canada Emergency Response Benefit

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April 15, 2020

New eligibility information has been made available for the Canada Emergency Response Benefit (CERB). 

Dividend Income from Small Business

According to Chamber Member Steven Cavar, CPA, CA: 
“The latest criteria [for the CERB] now includes dividend income as part of the definition that makes up the $5,000 earned income requirement to get the CERB $2,000 per month benefit. The dividends of active small businesses count but investment style dividends from public companies do not count. This is a relief to small business owners forced to shut down who had previously only paid themselves dividends.”  Thanks Steven for forwarding this information to share with fellow Members!

More information: https://www.canada.ca/en/services/benefits/ei/cerb-application/questions.html

Expanded Eligibility

To help more Canadians benefit from the CERB, the government will be changing the eligibility rules to:

  • Allow people to earn up to $1,000 per month while collecting the CERB.
  • Extend the CERB to seasonal workers who have exhausted their EI regular benefits and are unable to undertake their usual seasonal work as a result of the COVID-19 outbreak.
  • Extend the CERB to workers who recently exhausted their EI regular benefits and are unable to find a job or return to work because of COVID-19.

More info: https://pm.gc.ca/en/news/news-releases/2020/04/15/prime-minister-announces-expanded-access-canada-emergency-response

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