This caused confusion for many Canadians who were unclear if they were eligible for the benefits or not," Lawrence said. Not to alarm you, but you’re about to miss an important event. The CRA paid out more than $60 billion to nearly 8.5 million CERB applicants in recent months. In 2020, Canadian residents have up to $69,500 in TFSA contribution space. This is your chance to get in early on what could prove to be very special investment advice. EI will pay a taxable amount of at least $400 per week, or $240 per week for extended parental benefits, for a minimum of 26 weeks. Click on the link below for our stock recommendations that we believe could battle Netflix for entertainment dominance. Motley Fool Canada's market-beating team has just released a new FREE report that gives our three recommendations for the Next Gen Revolution. The agency keeps records showing who received the benefits and for how long; those records will be cross-checked with tax slips from employers and other relevant information to validate eligibility at tax filing time. Click Here to Get Your Free Report Today! A woman walks past a restaurant closed due to COVID-19, in Vancouver, on May 6, 2020. It backtracked after a public and political outcry. "It was important for the Trudeau government to get the communication of these benefits right. The Canada Recovery Benefit (CRB) pays $400 per week for up to 26 weeks to people who are self-employed and not eligible for EI. The best stocks to buy in a TFSA are ones that have long track records of dividend growth supported by rising revenue and higher earnings. The Motley Fool Canada » Investing » CERB Is Finished: What Comes Next to Replace CERB Payments? Fool contributor Andrew Walker owns shares of Enbridge. Pseudonyms will no longer be permitted. The pandemic put millions of Canadians in a difficult financial situation beyond their control. Kathleen Harris is a senior writer in the CBC's Parliament Hill bureau. The proposed changes require Parliamentary approval. To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). © 2020 The Motley Fool Canada, ULC. Individuals and families across the country managed to pay rent, mortgages, and put food on the table as a result of the assistance. The Motley Fool owns shares of and recommends Enbridge. The distributions can be used to buy more shares during times when you don’t need to remove the payouts. I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls.