CRA Emergency Payments: 2 Helpful Benefits You Can Get in 2021

Author: External Author | | Categories: Budgeting and Forecasting , Business Setup , Chartered Professional Accountant , Corporate Tax


According to Statistics Canada, employment dropped (for the first time since April 2020) by 63,000. Part-time employment saw an even harsher decline (-2.9% compared to -0.3% of the overall employment rate). And even though the unemployment rate of 8.6% is significantly better than April’s 13%, it’s still dangerously high compared to the 2019 average rate of 5.6%.

What it boils down to is that the government has to create more employment opportunities. And it has to sustain the unemployed population until then. Thankfully, the emergency benefit payments are already in place to help people who, despite trying, can’t find paid work.

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Original Article Source Credits:   The Motley Fool ,

Article Written By:  Adam Othman 

Original Article Posted on:   January 27, 2021 

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