close
Share with your friends

Canada: Temporary benefits for individuals (COVID-19)

Canada: Temporary benefits for individuals (COVID-19)

Bill C-4—legislation that includes three new temporary benefits for individuals—received Royal Assent on 2 October 2020. The legislation implements the federal government's latest temporary benefits in response to the coronavirus (COVID-19) pandemic.

1000

Related content

The three relief benefit programs—the Canada recovery benefit (CRB), the Canada recovery sickness benefit (CRSB), and the Canada recovery caregiving benefit (CRCB)—are intended to support eligible individuals who may not qualify for employment insurance or who are unable to return to work due to reasons related to the COVID-19 pandemic.


Application processes

The application process for the CRSB and the CRCB opened on 5 October 2020.

The Canada Revenue Agency (CRA) stated that applications for the CRB will be accepted as of 12 October 2020.

The application process includes:

  • Shorter eligibility periods (one week for the CRSB and CRCB and two weeks for the CRB)
  • Retroactive periods (individuals will be required to apply after the period has ended)
  • 10% tax withholding at source
  • A three-to-five day window to receive payments for applications made by direct deposit, and a 10-12 day window for payments made by cheque and sent by mail

Read an October 2020 report prepared by the KPMG member firm in Canada

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal