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CEWS & CERS Details up to June

Toronto business district

Yesterday, the Department of Finance announced details for:

  • CEWS periods 14, 15 and 16; and
  • CERS periods 7, 8 and 9.

These periods relate to:

  • March 14 to April 10;
  • April 11 to May 8; and
  • May 9 to June 5.

The actual calculations will remain unchanged.

Toronto business district

The reference periods will continue to use either of the two months ended prior to the end of the relevant period (e.g., February or March, 2021 for CEWS period 14/CERS period 7).
However, rather than comparing March, 2021 and later months to the same calendar month one year ago, March, 2021 and subsequent months will be compared to the same calendar month in 2019.
An additional option for baseline remuneration calculation in respect of the final 3 periods was also added.

Press Release

Backgrounder

Draft Legislation

Should you have any questions or feedback, please reach out to myself or the team. As always, we are here to help and support you.

Caveat: The information in this publication is current as of the time it was written. This publication has been carefully prepared, but it has been written in general terms and should be seen as broad guidance only. The publication cannot be relied upon to cover specific situations and you should not act, or refrain from acting, upon the information contained therein without obtaining specific professional advice. Please contact Deuzeman & Associates to discuss these matters in the context of your particular circumstances. Deuzeman & Associates does not accept or assume any liability or duty of care for any loss arising from any action taken or not taken by anyone in reliance on the information in this publication or for any decision based on it.

 

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