August 31, 2020
Canada announces transition plan from the Canada Emergency Response Benefit (CERB)
The federal Minister of Employment, Workforce Development and Disability Inclusion, Carla Qualtrough, and the Deputy Prime Minister and Minister of Finance, Chrystia Freeland, announced on August 20, the government's $37 billion plan to transition from the Canada Emergency Response Benefit (CERB) into a simplified and enhanced Employment Insurance (EI) program or new benefits. The plan includes four main components:
A Tax Alert prepared by Ernst & Young Canada, and attached below, provides additional details.
Full text of Tax Alert