Government updates on CERB and CECRA programs

On July 31, the federal government provided updates on the Canada Emergency Response Benefit (CERB) and the Canada Emergency Commercial Rent Assistance (CECRA).

During a press conference on July 31, the Prime Minister announced that the government plans to transition current participants of the CERB program to Employment Insurance (EI) when the CERB program comes to an end. In addition, the government proposes to amend the EI rules to create new benefits for current CERB recipients who would not otherwise qualify for EI. More details will be provided before the end of August.

On the CECRA program, the Finance Minister announced that the program will be extended by one month to provide assistance to eligible small businesses for August rent. No other changes to the program were announced.

Please contact us if you have any questions.

Source: https://bit.ly/3kbXqVM

About the firm

Vlad Alyokhin, CPA, Professional Corporation
140 Yonge Street, Suite 320
Toronto, Ontario
M5C 1X6

T: 647-598-8777
E: vlad@alyokhincpa.com