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The stock still boasts a favourable price-to-earnings ratio of 20. Shares of the Nova Scotia-based utility have climbed 1.8% in 2020 as of close on April 10. Utilities are a reliable sector to turn to right now. Investors should look to defensive stocks. The market has bounced back in recent weeks, but there is no telling how long these unprecedented lockdowns will last. One defensive dividend stockĬanadian investors have been forced to contend with market turbulence this spring. This means that there are many applicants who were owed the additional payment. The benefit can be applied dating from March 15 onward. Some applicants have also received two payments. All those who wish to apply should peruse the website in order to avoid a potentially costly mistake down the line. The eligibility requirements for the CERB are available on the Canada Revenue Agency website. Those who have already applied for Employment Insurance (EI) should not apply for this new program. This means that Canadians should exercise caution and carefully read the qualifications that make them eligible for the CERB. However, the CRA will review the applications’ veracity in the future. CERB mistakes to watch out forĬanada Revenue Agency is not asking individuals to provide documents to prove their income as part of the claims process. This will occur regardless of qualification. Those who did not sign up for a direct deposit should receive it in roughly 10 business days.Īny individual who applies for the CERB will be automatically proved for financial relief. After the application, you should receive the payment in three business days with a direct deposit. The CERB provides a payment of $2,000 for a four-week period for up to 16 weeks. Canada Revenue Agency is accepting all comersĬanada Revenue Agency began accepting applications for the Canadian Emergency Response Benefit (CERB) on April 6. Today, I want to explore how Canadians can apply for a recently launched program specifically designed to provide rapid financial aid. Meanwhile, the federal government has committed unprecedented financial resources to provide relief. The most job losses occurred in the private sector and among Canadians aged 15-24. Canada has not seen employment rates this low since April 1997. Meanwhile, the unemployment rate climbed to 7.8% from 2.2% in February. Statistics Canada showed one million job losses for Canadians in the month of March. Unfortunately, the situation has grown worse in the beginning of April. In late March, an Angus Reid survey showed that 44% of Canadian households said they had lost work or experienced layoffs due to the COVID-19 lockdowns. The economic impacts of the COVID-19 outbreak have been widespread, and the Canada Revenue Agency has stepped in to provide relief. Always check with your advisor or other experts before making investment and other financial changes. Editor’s note: The opinions in this article are the author’s, as published by our content partner, and do not necessarily represent the views of Microsoft News or Microsoft.