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Extensions to Business COVID-19 Programs – CEWS, CERS & LS

Desk with computer and notepad on it.

Last week, the Government announced several extensions and changes to several COVID-19 benefit programs, including:

Desk with computer and notepad on it.
  • Extending eligibility for the Canada Emergency Wage Subsidy (CEWS), the Canada Emergency Rent Subsidy (CERS) and Lockdown Support (LS) until October 23, 2021;
  • Increasing the rate of support for CEWS, CERS and LS during the period between August 29 and September 25, 2021; and
  • No changes to the Canada Recovery Hiring Program (CRHP) were announced.

Increase in CEWS & CERS Rates

  • The maximum wage and rent subsidies rate will be set at 40% in Period 20 (August 29 to September 25) instead of being reduced to 20%, as announced in Budget 2021.
  • The programs will also be extended by one additional period, with a maximum rate of 20% in Period 21 (September 26 to October 23).
  • The Lockdown Support will also be extended until October 23, 2021, at its set rate of 25%.

A related Backgrounder provided further details on the CEWS and CERS extensions, including a relieving provision related to the calculation of revenue declines for businesses that commenced after March 1, 2019.

News Release

Backgrounder

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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