Tax Update: Government of Canada Announces CERB and EI Changes
What you need to know about the latest emergency measures from the federal government.
Current as of August 20, 2020, 13:00 MST
The Canada Emergency Response Benefit (CERB) will be extended by an additional four weeks to a maximum of 28 weeks. The many Canadians expecting to exhaust their CERB benefits at the end of August will now be able to access an additional month of support.
Employment Insurance (EI) will be available to more Canadians, including those who would not have qualified for EI in the past. This simplified EI program is effective September 27, 2020. Applications for the new recovery benefits will open in October, with payments flowing in three to five days after application submission.
Supporting Canadians through the next phase of the economy re-opening: Increased access to EI and recovery benefitsLearn More
Visit MNP’s COVID-19 Business Advice CentreGet MPact
Insights for wherever business takes youLocal Advice
Find an MNP Professional in an office near youRelated Content
-
ProgressMay 07, 2024
Impact of Federal Budget 2024 on the Technology, Media & Telecommunications Sector
The 2024 federal budget proposes key tax measures that could impact businesses and entrepreneurs in the technology, media, and telecommunications (TMT) sector.
-
PerformanceMay 02, 2024
How will the 2024 federal budget impact professionals?
What do professionals need to know about the measures introduced in the 2024 federal budget? Discover five key areas that will impact professionals.
-
PerformanceApril 10, 2024
What should importers expect with CARM R2 and the CN24-14 blackout period announcement?
How will the upcoming changes at the Canada Border Services Agency (CBSA) impact businesses that import goods into Canada?
Insights
-
Confidence
May 15, 2024
What is the impact of financial crime and how can you reduce risks to your business?
During Victims and Survivors of Crime Week 2024, discover the impacts of financial crime and the steps you can take to protect your business from threats.
-
Progress
How SMARTPro Helps Enhance Practice Value
Learn how to get your practice into a ready state for a sale with SMARTPro.
-
Progress
Your Construction Company and Employee Share Options
MNP poses a few questions and offers a few tips to see if an employee share option plan will work for you and your construction company.