Extended COVID-19 pandemic benefits to cost feds $873M: PBO
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Extending both the sickness and caregiving benefits into next spring – as proposed in Bill C-2 – will cost the government approximately $873 million, the Parliamentary Budget Officer (PBO) estimates.
New costing reports published Tuesday states that prolonging the Canada Recovery Sickness Benefit (CRSB) by 28 weeks, or until May 7, 2022, and expanding the claim period from four to six weeks would come with a price tag of $507 million.
Meanwhile, extending the Canada Recovery Caregiving Benefit (CRCB) to the same time frame and the claim period from 42 to 44 weeks will cost $366.6 million.
Last week, Deputy Prime Minister and Finance Minister Chrystia Freeland formally introduced the new “targeted” pandemic aid bill, prolonging some benefits and revamping others.
Freeland said she hopes this is the last round of extensions.
