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:
- Simplify EI applications
- Extend the Canada Emergency Response Benefit (CERB) by four weeks
- 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. Shannon@CahillCPA.ca
CRA information: Link Here
North Vancouver Chamber Information: Link Here