Financial Aid(CERB) & the COVID-19 Crisis

What is the Canada Emergency Response Benefit (CERB)? This is a federal financial aid option to help business owners, employees, and self-employed get much-needed financial relief during the COVID-19 crisis. 

CERB covers individuals who are not covered by Employment Insurance (EI) and if you qualify, you can start applying on April 6, 2020. The first payment will come within 10 days of applying for the CERB and it will be paid out in a $2,000 lump sum every four weeks, for up to 16 weeks. 

How do you apply for the Canada Emergency Response Benefit (CERB)? You’ll be able to apply through the CRA MyAccount secure portal, your secure My Service Canada Account or over the phone. 

Due to the expected application load, you will be able to apply on certain dates depending on your month of birth: January to March can apply on April 6, April to June on April 7, July to September on April 8 and October to December on April 9, 2020.

Please do not hesitate to call Rumanek & Company at 416-665-3328 if you need personal finance help, you are considering personal bankruptcy in Ontario or would like answers concerning filing for either a consumer proposal or bankruptcy in Ontario.

Contact Rumanek & Company Ltd. for more information on bankruptcy in Ontario and debt solutions. Please fill out the bankruptcy evaluation formTo learn more please visit our YouTube Channel. Rumanek & Company have been helping individuals and families overcome debt for more than 25 years.

Covid-19: Economic Support in Ontario

Chances are you have not only been personally affected by the Covid-19 virus but your finances and business finances have also been disrupted. Our government has responded with economic support. They set in motion $52 billion worth of financial aid. The government plans to start the Canada Emergency Response Benefit (CERB) $2,000 per month for up to 4 months by April 1 for those of you in need. If you find yourself in financial need, you have options such as Ontario Works, Emergency for small businesses and Emergency care of up to $900 every two weeks for up to 15 weeks for people who are quarantined, sick with Covid-19 and/or do not qualify for employment insurance. For further information regarding financial aid and support for Canadians and Businesses go to: https://www.canada.ca/en/department-finance/news/2020/03/canadas-covid-19-economic-response-plan-support-for-canadians-and-businesses.html

Please do not hesitate to call Rumanek & Company at 416-665-3328 if you need personal finance help, you are considering personal bankruptcy in Ontario or would like answers concerning filing for either a consumer proposal or bankruptcy in Ontario.

Contact Rumanek & Company Ltd. for more information on bankruptcy and debt solutions. Please fill out the free bankruptcy evaluation formTo learn more please visit our YouTube Channel. Rumanek & Company have been helping individuals and families overcome debt for more than 25 years.