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!
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.