Since the launch of the Canada Emergency Response Benefit, over 8.5 million Canadians and their families have been able to receive financial assistance during the pandemic. As Canada is slowly emerging into a safe restart of the economy, over 1.6 million Canadians have returned to the workforce. However, we know all sectors of the economy haven’t re-opened at the same pace. That is why the Government is preparing to transition as many Canadians as possible back to the Employment Insurance system at beginning in the month of September.
As we enter this transition period, the Canada Emergency Response Benefit will be extended by an additional four weeks to a maximum of 28 weeks. This is an additional month of support for Canadians to utilize their CERB benefits.
This transition also includes changes to Canada’s Employment Insurance (EI) program. The EI program will now be accessible to more Canadians, this now includes those who wouldn’t have qualified for this program in the past. We will be adding more than 400,000 Canadians to the Employment Insurance program to give them the support they need to get back on their feet.
Beginning on September 27th 2020, those receiving EI will be eligible for a taxable benefit rate of at least $400 per week, or $240 per week for extended parental benefits, and regular benefits will be accessible for a minimum duration of 26 weeks. Moreover, Canadians with 120 hours of insurable work or more will receive a temporary one time credit of 300 insurable hours for those claiming EI regular and work-sharing benefits. Canadians claiming EI special benefits – including maternity, parental, sickness, compassionate care, and family caregiver – will be provided with a temporary, one-time credit of 480 insurable hours. In addition, there will be a rate freeze on EI Premiums for the next two years will prevent an increase in EI premiums during the recovery period of economy and benefit employees and employers..
To ensure Canadians receive the support they need we are also proposing to implement three new benefits. New legislation needs to be introduced into the House of Commons to support the implementation of these new benefits. Here are the three proposals.
For more information on CERB and transitioning to the EI system here are some sources to consult.
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