Tax Update: Government of Canada Announces CERB and EI Changes

August 26, 2020

Tax Update: Government of Canada Announces CERB and EI Changes

Synopsis
6 Minute Read

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 benefits

Insights

  • Progress
    Two people look over papers with graphs and charts, one holds a fountain pen in his hand

    MNP Presents: B.C. Business Owners Series - Exploring the Benefits of Employee Share Ownership and Profit-sharing Plans

    Exploring the benefits of employee share ownership and profit-sharing plans. Create sustainable and transferable business value while delivering the best possible benefit to employees.

  • Progress
    2 workers at a construction site

    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.

  • Confidence

    Professional services: Professional lifecycle

    Learn how MNP advisors can help you and your practice.