Friday, June 24, 2022

Millions of Canadians applying for Canada Emergency Response Benefit

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Canada’s Minister of Employment, Workforce Development and Disability Inclusion says Tuesday saw about 750,000 new applications for the Canada Emergency Response Benefit (CERB).

Carla Qualtrough saying on Wednesday that 1.72 million applications were received in the first two days alone with a total of 4.26 million CERB applications since March 15th.

Qualtrough says to date, 3.8 million applications have been processed and Canadians who already applied should start seeing money in their accounts within a couple of days.

Meanwhile, Finance Minister Bill Morneau says applications for the Canada Emergency Business Account opened Wednesday. The program aims to provide loans of up to $40,000 for Canadian small businesses and non-profits affected by the COVID-19 crisis.

The first $10,000 will be eligible for complete forgiveness if the remaining $30,000 is paid back by December 31st, 2022.

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