As the COVID-19 pandemic continues to impact the economy, many Canadians are wondering if they are eligible for the Canada Emergency Response Benefit (CERB). This includes contract workers, who may not be sure if they qualify for this financial assistance.
The CERB program provides $500 a week for up to 28 weeks to workers who have lost their income due to the pandemic. To be eligible, you must have earned at least $5,000 in the previous 12 months, not be receiving income support from other sources, and be unable to work due to COVID-19.
One of the questions many contract workers have is whether they are considered eligible for CERB. The answer is yes, as long as they meet the eligibility requirements. Contract workers who have lost their income due to COVID-19 and have earned at least $5,000 in the previous 12 months can apply for CERB.
It is important to note that CERB payments are taxable, and you will need to report them on your income tax return for the 2020 tax year. You may also be required to pay back some or all of the benefit if you were not eligible or if you received more than you were entitled to.
If you are a contract worker who is considering applying for CERB, it is best to gather all relevant documentation and ensure that you meet the eligibility requirements. You can apply for CERB through the CRA website or by calling the toll-free number.
In summary, contract workers are eligible for CERB if they have lost their income due to COVID-19 and have earned at least $5,000 in the previous 12 months. As with any financial assistance program, it is important to understand the eligibility requirements and to ensure that you are accurately reporting your income and expenses.