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Approximately 8.9 million Canadians applied for CERB by its end date. [17] In 2022 the Auditor General of Canada , Karen Hogan , conducted a review into the CERB fund and concluded that "the federal government effectively delivered emergency COVID-19 benefits during the pandemic" [ 18 ] but that "deciding to not front-end verification resulted ...
But, even though the last pay period was August 30 to September 26, you can still apply for CERB retroactively for all pay periods until December 2, 2020. How CRA is coming after people who got ...
A new income-driven repayment plan could lower both your monthly payments and the overall sum you have to pay back — in some cases, by as much as 100% — if you meet certain criteria ...
The program permits Direct Loan borrowers who make 120 qualifying monthly payments under a qualifying repayment plan, while working full-time for a qualifying employer, to have the remainder of their balance forgiven. [2] The earliest time in which borrowers could receive forgiveness under the program was after October 1, 2017.
In 2023 the CRA began investigating its employees who had utilized the CERB benefit while being employed with the agency. [73] On October 16 2024, following an internal investigation it was announced over 330 employees that worked for the CRA no longer work for the agency. An additional 30 employees were subjected to disciplinary measures. [74]
In 2019, about 10% of debtors had fallen into default within three years of starting repayment — down from years past but still vastly higher than the delinquency rates on mortgage or auto loans.
In February 2023, the U.S. Supreme Court heard oral arguments in Biden v. Nebraska concerning President Biden's order to cancel student loan debt for an estimated 40 million debtors. [47] [48] In June 2023, the U.S. Supreme Court ruled in favor of Nebraska to block Biden's plan to forgive federal student loans. [49]
Student Loan Repayment 2023: First Year Out of College? 7 Money Mistakes You Absolutely Shouldn’t Make