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06.09.2020 / Borrowing « Back to all articles

Navigating Federal Unemployment Relief Programs
Canada Emergency Response Benefit (CERB) Application

COVID-19 first began making news at the end of February, but experts have determined that it began its spread as early as November 2019. Since that time, the virus has wreaked havoc on the world economy and cost countless people their jobs. If you are one of the people who lost their job as a result of the virus, you might be wondering how to take advantage of federal unemployment relief programs. Because of the nature of the pandemic, the Canadian government has adjusted the criteria for receiving assistance, and you may be eligible to receive aid if you have lost your job. 

 

Aid Is Available Through Several Sources 

The first thing you should understand as you begin to navigate unemployment relief is the source of the aid you hope to receive. In Canada, several agencies that provide citizens with essential services, including unemployment relief, in times of crisis. The following benefits are available to Canadians: 

  • Canada Emergency Response Benefit: The CERB has stepped in to provide a $2,000 monthly stipend to workers who would be ineligible for support through employment insurance. Self-employed and contracted workers may be eligible for this type of aid. 

  • Employment Insurance: The maximum weekly unemployment benefit amount is $573 for those receiving aid through employment insurance. This benefit is for those who were laid off from their jobs because of COVID-19. 

  • Wage Subsidies: Companies struggling to pay their staff may be eligible for wage subsidies, which can cover up to 75% of wages or $847 weekly per worker. 

  • Business Loans: Canada has also established the Canada Emergency Business Account to provide small businesses with loans for as much as $40,000. These loans will be interest-free during the first year of the repayment period. 

The breadth of options offered by the Canadian government goes a long way to ensure that those whose jobs have been impacted by COVID-19 can access the resources needed to recover. 

 

Staying Financially Stable With Money Mart After COVID-19 

For many people, this help will not be enough to ensure they can pay bills and buy groceries, and Money Mart is committed to helping you remain financially stable in the wake of COVID-19. We offer financial services such as installment loans, prepaid money cards, cash advances, and money transfers. With other 500 locations across Canada, you can find a store to help you with whatever financial concern you may have. Coronavirus has majorly shaken the Canadian and international economies, but individual people are perhaps the most affected. Luckily there are resources to help, and Money Mart can bridge the gap if those resources are not enough. 

 

Reach out to us by calling 1-800-361-1407. Together, we can get through COVID-19 and come out stronger than before. 

11.24.2020 / Borrowing

Falling Behind on Your Mortgage? Read This
When economic times are tough, it's easy to start falling behind on crucial monthly payments, including your mortgage.…

Need a
Loan?

Loans from $120 to $15,000. Get funded as soon as today!

06.09.2020 / Borrowing « Back to all articles

Navigating Federal Unemployment Relief Programs
Canada Emergency Response Benefit (CERB) Application

COVID-19 first began making news at the end of February, but experts have determined that it began its spread as early as November 2019. Since that time, the virus has wreaked havoc on the world economy and cost countless people their jobs. If you are one of the people who lost their job as a result of the virus, you might be wondering how to take advantage of federal unemployment relief programs. Because of the nature of the pandemic, the Canadian government has adjusted the criteria for receiving assistance, and you may be eligible to receive aid if you have lost your job. 

 

Aid Is Available Through Several Sources 

The first thing you should understand as you begin to navigate unemployment relief is the source of the aid you hope to receive. In Canada, several agencies that provide citizens with essential services, including unemployment relief, in times of crisis. The following benefits are available to Canadians: 

  • Canada Emergency Response Benefit: The CERB has stepped in to provide a $2,000 monthly stipend to workers who would be ineligible for support through employment insurance. Self-employed and contracted workers may be eligible for this type of aid. 

  • Employment Insurance: The maximum weekly unemployment benefit amount is $573 for those receiving aid through employment insurance. This benefit is for those who were laid off from their jobs because of COVID-19. 

  • Wage Subsidies: Companies struggling to pay their staff may be eligible for wage subsidies, which can cover up to 75% of wages or $847 weekly per worker. 

  • Business Loans: Canada has also established the Canada Emergency Business Account to provide small businesses with loans for as much as $40,000. These loans will be interest-free during the first year of the repayment period. 

The breadth of options offered by the Canadian government goes a long way to ensure that those whose jobs have been impacted by COVID-19 can access the resources needed to recover. 

 

Staying Financially Stable With Money Mart After COVID-19 

For many people, this help will not be enough to ensure they can pay bills and buy groceries, and Money Mart is committed to helping you remain financially stable in the wake of COVID-19. We offer financial services such as installment loans, prepaid money cards, cash advances, and money transfers. With other 500 locations across Canada, you can find a store to help you with whatever financial concern you may have. Coronavirus has majorly shaken the Canadian and international economies, but individual people are perhaps the most affected. Luckily there are resources to help, and Money Mart can bridge the gap if those resources are not enough. 

 

Reach out to us by calling 1-800-361-1407. Together, we can get through COVID-19 and come out stronger than before. 

Need a
Loan?

Loans from $120 to $15,000. Get funded as soon as today!

11.24.2020 / Borrowing

Falling Behind on Your Mortgage? Read This
When economic times are tough, it's easy to start falling behind on crucial monthly payments, including your mortgage.…