CTV News (17.10.2021)On Oct. 23 – the last day of Small Business Week – the Canada Emergency Rent Subsidy (CERS) and the Canada Emergency Wage Subsidy (CEWS) are set to expire. Both programs have been extended several times since being implemented in 2020.
As for individual benefits, the Canada Recovery Benefit (CRB), the Canada Recovery Sickness Benefit (CRSB) and the Canada Recovery Caregiver Benefit (CRCB) are also set to terminate on Saturday. These programs, too, can be extended into November by the government.
- Thomas Hadjistavropoulos, University of Regina
- Gregory Marchildon, University of Toronto
- Perry G Fine, University of Utah
- Keela Herr, University of Iowa
- Howard A. Palley, University of Maryland, Baltimore
- Sharon Kaasalainen, McMaster University
- Francois Beland, Université de Montréal
policyoptions.irpp.org (10.08.2021) COVID revealed the shortcomings of Employment Insurance and income-support programs. As the economy rebuilds, now’s the time to examine the system.
Social Security Agency (25.02.2021) On December 11, Québec's government approved a law introducing the Target Benefit Pension Plan (TBPP), an occupational pension plan that combines certain features of existing defined contribution (DC) and defined benefit (DB) plans. Like a DC plan, a TBPP is funded with employee and employer contributions paid at fixed rates and does not provide guaranteed benefits. However, by pooling its members' assets and setting a target benefit level, a TBPP can provide workers with a predictable periodic pension at retirement like a DB plan.
Newswire Quebec (12.02.2021) Individuals who have received COVID-19 assistance benefits will be exempt from paying interest on their 2020 tax balance for a one-year period. This measure is intended to provide relief to those who have been impacted by the pandemic.