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CRB – Canada recovery benefit Posted on Oct 20, 2020

CRB – Canada recovery benefit

Who can apply?

  • Employed and self-employed individuals (Not entitled to EI).
  • Not working due to COVID for two weeks or reduction of 50% in average weekly income compared to 2019, 2020 or the last 12 month.
  • Need to be a tax resident of Canada (don’t need to be a permanent resident or Citizen). Need SIN.
  • 15 years old or over.
  • Earned at least $5,000 in 2019,2020 or in previous 12 month before the application date.

Definitions:

Self-employment income is your revenue minus expenses
Income for this program includes – tips, non-eligible dividends, royalties
 

How much you can get

  • $1000 every two weeks ($900 after tax)
     

Periods one can apply for

  • 13 periods Sept 27, 2020 to Sept 25, 2021

Limitations

  • You will have to reimburse $0.50 for every dollar of net income you earn above $38,000 on your income tax return for that year (2020 or 2021). Excluding CRB. You will not have to pay back more than your benefit amount for that year.
  • You have not quit your jib voluntarily or reduce your hours, you were seeking work, you have not turned down reasonable work.
  • Need to be a tax resident of Canada (don’t need to be a permanent resident or Citizen). Need SIN.
  • 15 years old or over.
  • Earned at least $5,000 in 2019,2020 or in previous 12 month before the application date.
  • While receiving benefits under one of the above programs, at the same time is not eligible for : CRB, CRSB, CRCB, short term disability, workers compensation, EI, QPIP.