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Tue, Jul 21st, 2020, 03:46 AM #181
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Sat, Aug 1st, 2020, 04:16 AM #182
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New benefits program being launched, when CERB gets over and you are still unemployed, but DON'T qualify for regular EI.
https://forum.smartcanucks.ca/438825...g-soon-canada/
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Wed, Aug 5th, 2020, 04:09 PM #183
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I just received my last CERB today-I will be back working 3 days per week by the end of the month so it worked out just right for me.
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Thu, Aug 6th, 2020, 12:58 AM #184
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Depending on what the new EI transition program is and how much they allow you to earn, you might still receive some partial payment from the new EI program, if your income is below that threshold.
Some programs I know they cut $ 1 for every $ 2 you make, but you still get something from the program + your employment income, so you still come out ahead and there is more incentive to work.
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Thu, Aug 6th, 2020, 02:22 PM #185
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I would be very surprised if I got any more-but you never know. I have no complaints about what I did receive upon being laid off.
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Fri, Aug 7th, 2020, 10:50 AM #186
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Today's Toronto Star article :
On CERB and concerned about the move to EI next month? Here’s what we know so far
[COLOR=var(--emphasis-color)]ROSA SABA AUGUST 07, 2020[/COLOR]
Rosa SabaAs laid-off Canadians receive their last payments from the Canada Emergency Response Benefit (CERB), many are wondering whether the government’s promised changes to the Employment Insurance (EI) program will be enough to keep them afloat.
Those who have been continuously getting payments since March will see their benefits end as of August 29. Here are the answers to a few questions Canadians may be asking about the switch from CERB to EI, and where it leaves them.
[COLOR=var(--emphasis-color)]Will I get less money on EI than on CERB?[/COLOR]
Under the current structure of the EI program, most Canadians will get less than the $2,000 a month provided by CERB, said David Macdonald, a senior economist with the Canadian Centre for Policy Alternatives.
In a virtual press conference Thursday hosted by the Labour advocacy group Workers Action Centre, Macdonald said a handful of people will get more than CERB, but most will get significantly less if changes aren’t made to the percentage of lost income EI provides.
Currently, EI provides 55 per cent of a worker’s average insurable earnings, to a maximum of $573 per week.
[COLOR=var(--emphasis-color)]Will everyone be able to get EI?[/COLOR]
Toronto labour lawyer John Hyde said while the government has promised to add an EI program for gig workers and contract workers, and relax the eligibility rules for EI, some Canadians will likely still be left behind.
“I suspect that it won’t cover everybody. And I suspect they won’t get it right the first time,” he said, adding that he foresees a “multitude of changes” to the EI program before it covers everyone as promised.
Macdonald said many workers who were able to get CERB will not be eligible for the current EI program if they haven’t worked enough hours. As well, he said workers who haven’t technically been laid off but who have had their hours cut could fall through the cracks because the EI program requires a record of employment to prove a person has lost their job.
[COLOR=var(--emphasis-color)]How can I prepare for what’s coming?[/COLOR]
Hyde said weathering the switch from CERB to EI will be problematic for those who don’t have savings, or who may not qualify for EI. All they can do right now is manage their budgets as best they can and pay attention as more information comes out from the government.
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The government has promised some changes to the EI program, with more details to come at the end of August, such as relaxed eligibility rules.
“They haven’t given us enough information at this point in time to know the mechanics of this process, and I’m hoping that their statement as to the increased simplicity and the inflexibility will come to fruition, because it’s certainly necessary,” Hyde said. “The majority of people who are in receipt of CERB actually need it, and they need it quickly.”
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Sat, Aug 15th, 2020, 04:00 AM #187
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CERB to EI transition:
https://globalnews.ca/news/7268369/c...ransition/amp/
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Mon, Aug 17th, 2020, 05:49 AM #188
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Thu, Aug 20th, 2020, 02:19 AM #189
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Liberals plan to use regulations to create income support after CERB winds down.
https://www.thestar.com/business/202...estar_business
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Fri, Aug 21st, 2020, 01:39 AM #190
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Looks like CERB has been extended by 4 more weeks. So now 7 out of 7 periods!
https://www.canada.ca/en/revenue-age...-with-cra.html
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Fri, Aug 21st, 2020, 02:06 AM #191
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https://www.canada.ca/en/services/be...plication.html
Extra 4 weeks available –
CERB extended from 24 weeks to 28 weeks for workers who:
- stopped working due to COVID-19 or
- are eligible for Employment Insurance regular or sickness benefits or
- have exhausted their Employment Insurance regular benefits or Employment Insurance fishing benefits between December 29, 2019 and October 3, 2020.
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Fri, Aug 21st, 2020, 07:53 AM #192
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Thu, Jan 28th, 2021, 10:15 PM #193
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CRA & COVID-19
(How to Report Covid related benefits on your Tax return.)
T4A slips for 2020 tax year:
You will get a T4A slip from the CRA, if you received any of the COVID-19 emergency or recovery benefits from the CRA before December 31, 2020:
- Canada Emergency Response Benefit (CERB) with the CRA
- Canada Emergency Student Benefit (CERB)
- Canada Recovery Benefit (CRB)
- Canada Recovery Caregiving Benefit (CRCB)
- Canada Recovery Sickness Benefit (CRSB)
Quebec residents will get both a T4A and RL-1 slip.
The CRA will provide T4A slips starting in January 2021. You should receive your T4A slip before March 10, 2021.
The COVID-19 benefit payment amounts on your T4A slip are taxable and must be reported as income on line 13000 of your 2020 income tax and benefit return.
You did not receive a T4A slip
If you received COVID-19 benefit payments in 2020, you should receive your T4A slip before March 10, 2021. You may also get your T4A information from CRA My Account.
After March 10, 2021, if you still do not have your T4A slip information, contact the CRA.
Situations where you would not get a T4A slip:
- If you applied for the CERB with Service Canada or any Employment Insurance (EI) benefit payments, you will receive a T4E slip.
- If your employer received the Canada Emergency Wage Subsidy (CEWS) to cover part of your wages, the income you earned will appear on your regular T4 slip.
Issues with your T4A slip
Each COVID-19 benefit will have its own box number (Box 197 to 204) on your T4A slip. If you received more than one benefit with the CRA in 2020, check that each amount you received or repaid is correct.
To confirm the COVID-19 benefit amounts you received, you can review “COVID-19 Support Payment Application Details” in CRA My Account.
Call the CRA right away if:
- Your T4A slip shows incorrect amounts
- You repaid benefit amounts before December 31, 2020, but the repayments are not reflected
- Your T4A slip shows incorrect personal information
- You did not apply for a COVID-19 benefit, but received a T4A slip
Telephone number: 1-800-959-8281(opens up phone application)
How to report T4A amounts on your tax return
You will need to enter all COVID-19 benefit amounts you received (Box 197 to 204) from your T4A slip and provide the total amount on line 13000 - Other income of your 2020 income tax and benefit return.
If you received a CRB, CRCB or CRSB, the CRA withheld a 10% tax at source on each payment. In addition to reporting the amounts on line 13000, you need to report the income tax deducted.
You can find the income tax deducted at source in Box 022 of your T4A slip. Enter this amount on line 43700 - Total income tax deducted on your 2020 income tax .
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Mon, Feb 1st, 2021, 04:25 AM #194
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Wed, Feb 3rd, 2021, 12:32 PM #195
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The Covid government related T4A slip will be like this:
The T4A will have specific boxes for the various benefits which needs to be reported on line 13000 - Other Income in the tax return.
- Box 197 – Canada Emergency Response Benefit (CERB)
- Box 198 – Canada Emergency Student Benefit (CESB)
- Box 199 – Canada Emergency Student Benefit (CESB) for eligible students with disabilities or those with children or other dependents
- Box 200 – Provincial/Territorial COVID-19 financial assistance payments
- Box 202 – Canada Recovery Benefit (CRB)
- Box 203 – Canada Recovery Sickness Benefit (CRSB)
- Box 204 – Canada Recovery Caregiving Benefit (CRCB)
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