Ottawa: Crucial COVID-19 support measures for Canadians and Canadian businesses have been extended by the Federal government.
Deputy Prime Minister and Minister of Finance, Chrystia Freeland, and Carla Qualtrough, Minister of Employment, Workforce Development and Disability Inclusion, announced the extension – in recognition of uneven economic reopening across regions and sectors.
These extensions include:
• Extending the eligibility period for the Canada Emergency Wage Subsidy, the Canada Emergency Rent Subsidy and Lockdown Support until October 23, 2021, and increasing the rate of support employers and organizations can receive during the period between August 29 and September 25, 2021.
• Extending the Canada Recovery Benefit (CRB), the Canada Recovery Caregiving Benefit (CRCB), and the Canada Recovery Sickness Benefit (CRSB) until October 23, 2021.
• Increasing the maximum number of weeks available for the CRB, by an additional 4 weeks, to a total of 54 weeks, at a rate of $300 per week, and ensuring it is available to those who have exhausted their employment insurance (EI) benefits.
In the April federal budget, the government recognized that the economic and public health situation remained uncertain and made sure it had the flexibility to extend supports further into the fall as the public health situation warranted. By moving forward on these extensions, the government is ensuring that businesses – including hard-hit sectors like tourism, hospitality, arts, and entertainment – can continue to get the support they need.
The government is also proposing to offer businesses greater flexibility when calculating the revenue decline used to determine eligibility for the wage and rent subsidy programs and the new Canada Recovery Hiring Program. The government is releasing draft legislation that provides further clarity on previously announced changes to the wage subsidy for furloughed employees.
Freeland said: “Our economies are safely and gradually reopening but many small businesses and workers are still getting back to business. Extending these supports—which have been lifelines for many—is needed. This is of particular importance for those workers and businesses that have been hit hardest by the pandemic and are still reopening and rebuilding..”
Carla Qualtrough added: “While there are positive signs of economic recovery throughout the country, it has not been equal. By providing additional weeks for the Canada Recovery Benefit and extending the eligibility period for all three benefits, we are ensuring that no one is left behind as the economy reopens.”
• Since September 2020, there have been over 1 million CRB applications per two-week period, with the program paying out over $23 billion in income support to Canadians during the pandemic.
• The CRB will remain available to people who are unable to work, or have had at least a 50 per cent reduction in average weekly income due to COVID-19.
• By increasing the number of weeks available under the CRB, EI claimants who have exhausted the maximum 50 weeks of EI regular benefits would need to apply for the four additional weeks of the CRB provided they meet eligibility requirements.
• All the recovery benefits will continue to be available to eligible individuals until October 23, 2021 at the maximum number of weeks, including up to 42 weeks for the CRCB and up to the 4 weeks of the CRSB.
• The minimum weekly benefit rate payable to Employment Insurance (EI) claimants will be set at $300 per week, matching the current rate paid under the CRB for new claimants. The EI minimum $300 benefit rate will apply to EI claims established between September 26, 2021 and November 20, 2021.
• The Canada Emergency Wage Subsidy has helped more than 5.3 million Canadians keep their jobs, with over $87 billion in support already paid out to help employers re-hire employees and avoid layoffs.
• The Canada Emergency Rent Subsidy and Lockdown Support have helped more than 200,000 organizations with over $5.2 billion in support for rent, mortgage, and other expenses.