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Covid 19 - Financial Assistance for Agents (Independent Contractors)


Latest Member FAQ on REALTOR® Qualification for COVID-19 Emergency Benefit
 

With the Canadian Emergency Response Benefit (CERB) now available for individuals to apply for, TRREB has received several questions from Members regarding qualifications for CERB. We have reached out to the Canadian Real Estate Association (CREA) for answers. Please note that these answers are based on the current available information. Should anything change, we will keep you informed.


For any additional information or to review all of the eligibility requirements, we strongly recommend that Members visit the CERB Government website. 


We also encourage Members to refer to TRREB's latest posting on CERB here.

 

Q: I have closings in April and May. Do I still qualify for CERB?

A: You can qualify 14 days after your last income, for a maximum of four months anytime between March 15 and October 3. Applications for that time period can be submitted anytime before December 2.

 

Q: I have a part-time job in addition to being a REALTOR®. Do I still qualify for CERB?

A: The benefit is intended for those who are not working and don’t receive any other income. See the qualification criteria. If you have a part-time job for which you get compensated, you do not qualify for CERB. Please note that eligibility requirements can change and evolve as needs and gaps become clear. As recently as this morning, the Prime Minister stated, "We recognize that there are groups of people who aren't benefitting from the CERB who probably should, I think specifically of people who've seen their hours reduced massively. We're going to be announcing in the coming days how people in that situation will be able to apply and receive the CERB."

 

Q: Realtors have been deemed essential service providers. Do we still qualify for CERB?

A: As long as Realtors meet the qualification criteria, then yes, they can take advantage of this benefit. CERB is available to both essential and non-essential workers.

 

Q: Will there be any requirement to repay the benefits?

A: The federal government may ask for documentation related to income down the road. If it if deemed that an individual received funds that they were not eligible for, repayment can be assumed as necessary. Note that these benefits are taxable, and that recipients will need to report any payments received on the next year's tax filing.

 

Q: Where and how do I apply if I qualify for CERB?

A: You can apply online or by phone. It is strongly recommended that individuals apply online to receive the funds faster. 


Online: By logging into your My CRA Account


By Phone 1-800-959-2019


Both of these services are available 21 hours a day, 7 days a week. Both services are closed from 3:00 a.m. to 6:00 a.m. (Eastern Time) for maintenance. For additional information on how to apply, please refer to the CREA Info Page.

 

Q: Can I apply in June or July when I no longer have closings?

A: Yes, as long as you no longer receive any income at that time and the qualification criteria is met.


We also encourage Members to refer to TRREB's latest posting on CERB here.


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