What you need to know about the three Canada recovery benefits

▤ Summary

This benefit would be used by employees if they are taking a leave of absence from work to care for a child or family member due to COVID-19. To support the delivery of these new recovery benefits, the CRA provides a simple and efficient attestation-based application process similar to the one that millions of Canadians relied on to access CERB payments. The federal government has stated that it is committed to having safeguards in place to protect Canadians from fraud and to keep the system secure. To this end, the CRA is taking steps to implement additional verification and security measures up-front to help ensure that it delivers benefit payments only to individuals who are entitled to receive them. The CRA is validating applications in order to maintain public confidence in Canada’s tax system and ensure that payments are available for people who need them most.

▦ Linked Companies

First Reference

$1M to $5M