OTTAWA – The Canada Recovery Benefit (CRB) will expire on 23 October, and will be replaced by a targeted benefit that helps individuals whose work is affected by the COVID-19 lockdown.

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Deputy Prime Minister and Finance Minister Chrystia Freeland said Canada worker lockdown benefits will go live on October 24 and will provide $300 a week to workers who are under lockdown.

“Temporary lockdown is still a possibility in the coming months. We want Canadians to know that we intend to take measures now that spring into action immediately,” Freeland said on Thursday.

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The CRB, which replaced the Canada Emergency Response Benefit, provides income support to individuals who were unemployed or self-employed for reasons related to COVID-19 or faced a 50% reduction in their average weekly income over the previous year fell.

This applies to those who are not entitled to employment insurance benefits and is administered by the Canada Revenue Agency.

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Under CRB, eligible applicants can receive up to $500 per week for a total of 27 eligibility periods or 54 weeks.

As of October 10, the government had paid $27 billion to over 28 million CRB applicants.

Freeland also announced changes to a suite of other pandemic benefits for businesses.

This is a breaking news update. More details to come…