COVID-19

The Government of Canada has launched the following three new temporary recovery benefits for individuals:

• Canada Recovery Benefit (CRB)
• Canada Recovery Sickness Benefit (CRSB)
• Canada Recovery Caregiving Benefit (CRCB)

A person received 10 weeks of the Canada Recovery Benefit (CRB) in 2020 for a total of $5,000. Their net income is $48,000 excluding the CRB amounts received. Accordingly, the claw back is calculated as follows: ($48,000 – $38,000) x 50% = $5,000. In this example, the full amount of the $5,000 received under the CRB will be required to be paid back.