CERB's back-to-work dilemma, explained
Recipients of the CERB, which provides $2,000 a month to Canadians who’ve lost their income due to COVID-19, can only earn up to $1,000 in a four-week period before losing their benefits. That's causing a dilemma for some who have been called back to work.
“If they accepted even one more dollar’s worth of work, they lose the $2,000 CERB benefit and are left with $1,001 to support themselves and their family,” economist Tammy Schirle noted in a report for the C.D. Howe Institute in May.
Laleh Samarbakhsh, assistant professor at the Ted Rogers School of Management at Ryerson University with expertise in corporate finance, personal finance, and investments, joins Craig to discuss.
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