Canada Emergency Response Benefit – Eight Week Extension and Phase-out Rate

Dan Albas, MP for Central Okanagan—Similkameen—Nicola, requested that the PBO cost a proposal modifying the Canada Emergency Response Benefit (CERB) to adopt a phase-out for the benefit of $0.50 for each dollar of employment income above $1,000 per month in addition to the eight week extension announced on June 16, 2020.
The modifications to the CERB program are assumed to be implemented on July 5, 2020. PBO estimates the cost to modify the extended CERB program (phased reduction) starting July 5, 2020 to be an additional $3.1 billion.