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Canada Is Getting A New 'Lockdown Support' COVID-19 Benefit & It Offers $300 Per Week

The Canada Worker Lockdown Benefit will replace the CRB this week.👇💰

Canada Is Getting A New ‘Lockdown Support’ COVID-19 Benefit & It Offers $300 Per Week

Step aside, CRB! The Canada Worker Lockdown Benefit will launch as of October 24, one day after the Canada Recovery Benefit (CRB) is set to end.

Speaking to reporters on Thursday, Finance Minister and Deputy Prime Minister Chrystia Freeland said that all of Canada's original COVID-19 support benefits were "designed to be temporary."

Confirming that the existing income and business support programs will end as planned on October 23, 2021, she said the country will move from "broad-based support" to "more targeted measures."


Canada Worker Lockdown Benefit

From October 24, the new Canada Worker Lockdown Benefit will provide $300 per week to workers who are subject to a lockdown related to COVID-19, including those who are ineligible for Employment Insurance (EI).

"Temporary lockdowns are still a possibility in the months to come," Freeland explained. "We want Canadians to know that we intend now to put in place measures that would snap into action immediately."

On the same day, the deputy PM also announced changes to a number of other pandemic benefits for businesses, as well as an extension to the Canada Recovery Sickness Benefit (CRSB) and the Canada Recovery Caregiving Benefit (CRCB).

She added that the expected costs will be $7.4 billion between now and May 2022, compared with the $289 billion spent on business and income support since the start of the COVID-19 pandemic.

This article’s cover image was used for illustrative purposes only.

Some People Who Got CERB Will Reportedly Get Notices That They Still Need To Repay The Money

The federal government said people still owe some or all of the $2,000 CERB payments.

Some Canadians who received the Canada Emergency Response Benefit (CERB) during the pandemic are reportedly going to get notices that they still have to pay back the money.

According to The Canadian Press, people who owe money will get a notice from Service Canada that outlines how much they owe, the process to repay it and how they can appeal the decision.

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Feds Say Canada's COVID-19 Benefits Are Likely To Cost $7.4 Billion Over The Next 7 Months

This includes the new Canada Worker Lockdown Benefit.👇💰

The federal government says the cost of extending Canada's COVID-19 benefits could exceed $7 billion between October 2021 and May 2022.

Speaking on October 21, Deputy Prime Minister Chrystia Freeland announced details of the Canada Worker Lockdown Benefit in addition to proposing extensions to both the Canada Recovery Sickness Benefit and the Canada Recovery Caregiving Benefit.

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In October, the federal government confirmed that two of Canada's COVID-19 benefits would be extended until November 20, with a proposal to extend further until May 2022: the Canada Recovery Caregiving Benefit and the Canada Recovery Sickness Benefit.*

While the Canada Recovery Benefit has officially ended, the remaining two benefits will continue to be available to those who need them.

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The CRB Has Ended In Canada But It May Still Impact Your Taxes Next Year

Some Canadians will be required to "reimburse some or all of the benefit at tax time."👇💰

The Canada Recovery Benefit (CRB) has officially ended, but that doesn't mean those who claimed it can stop thinking about the benefit altogether.

That's because there may still be tax implications next year, particularly for those who earned over $38,000 net income in the calendar year.

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