The Canada Recovery Benefit Just Dropped From $500 Per Week To $300 Per Week

New claimants will get $200 less per week.💰

Trending Editor

The Canada Recovery Benefit Just Dropped From $500 Per Week To $300 ...

From July 18 onwards, Canadians applying for the Canada Recovery Benefit (CRB) for the first time will receive $200 less from the feds per week.

Starting Saturday, new claimants will be eligible to receive a maximum of $300 per week via the CRB, instead of the original payment of $500 per week ($1,000 biweekly).

After 10% tax is withheld at source, this works out to be $270 per week ($540 biweekly) for all new applicants.

Those already receiving CRB payments will continue to get $500 per week ($1,000 biweekly) until they have reached 42 weeks. After this, they'll be able to claim the lesser amount for the remaining eight weeks.

The changes were announced earlier this year as part of the 2021 federal budget.

Although the biweekly CRB payments are decreasing, the federal government has implemented a 12-week extension to the maximum eligibility period.

This means qualifying claimants can re-apply for a total of up to 50 weeks between September 27, 2020 and September 25, 2021.

More from Narcity

Comments 💬

Our comment section is a place to promote self-expression, freedom of speech and positivity. We encourage discussion and debate, but our pages must remain a safe space where everyone feels comfortable and the environment is respectful.

In order to make this possible, we monitor comments to keep spam, hate speech, violence, and vulgarity off our pages. Comments are moderated according to our Community Guidelines.

Please note that Narcity Media does not endorse the opinions expressed in the comment section of an article. Narcity Media has the right to remove comments, ban or suspend any user without notice, or close a story’s comment section at any time.

First and last names will appear with each comment and the use of pseudonyms is prohibited. By commenting, you acknowledge that Narcity Media has the right to use & distribute your content across our properties.