The third phase of CERB is about to start: Here’s what you need to know

Article Link: https://business.financialpost.com/personal-finance/taxes/the-third-phase-of-cerb-is-about-to-start-heres-what-you-need-to-know

Discussion posted by: David McNamara

On Monday, May 11, eligible Canadians will be able to go online, once again, as the third eligibility period for the $2,000 monthly Canada Emergency Response Benefit (CERB) begins. This four-week period runs from May 10 through June 6, 2020. To date, the Canada Revenue Agency has received more than 11 million applications for the CERB from 7.6 million unique applicants, and paid out nearly $30 billion in benefits. For most Canadians, the process of applying for, and then receiving, the CERB has been a snap. According to the CRA, most applicants are able to complete the online application in under two minutes and receive their payment via direct deposit within three business days.