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August 21, 2020

Supporting Canadians Through the Next Phase of Re-Opening

Supporting Canadians Through the Next Phase of the Economy Re-Opening

According to the Canada Revenue Agency, there are changes to the support for businesses in Canada. Below are the updates  according to CRA, and a helpful link to all the detailed information. 

Summary of temporary measures to help Canadians access EI benefits more easily

  • 120 hours of work required to qualify
  • Minimum benefit rate of $400 per week
  • At least 26 weeks of regular benefits

According to the North Vancouver Chamber, some of the important changes for local businesses includes:

  1. Simplify EI applications
  2. Extend the Canada Emergency Response Benefit (CERB) by four weeks
  3. Provide three new benefit programs to replace CERB once it expires

If you have any questions about these benefits and your business, please get in touch with us.      

CRA information: Link Here

North Vancouver Chamber Information: Link Here

Crystal Cahill

Crystal Cahill is responsible for the social media and marketing at Cahill CPA. Crystal completed her Bachelor of Arts Degree at Simon Fraser University in English, and has an Education Degree and teaching certification. She enjoys keeping clients updated on new accounting practices, upcoming tax deadlines, and news & events within the Cahill CPA office & staff. She is married to Cahill CPA partner Jordan Cahill, and together they have two young children.

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