Update on Wage Subsidy & Rent Assistance

Last week, the federal government announced the extension of the Canada Emergency…

adminMay 19, 2020April 6, 2022

Update on Wage Subsidy & Rent Assistance

Last week, the federal government announced the extension of the Canada Emergency Wage Subsidy (CEWS) and released more details on the Canada Emergency Commercial Rent Assistance (CECRA).

Canada Emergency Wage Subsidy (CEWS)

The CEWS program will be extended by three months to the end of August 2020;
The 30% revenue decrease requirement is being reviewed to not hinder growth as the economy reopens; and
New proposed amendments to provide flexibility for employers of existing employees who were not regularly employed in early 2020, such as seasonal employees.

Canada Emergency Commercial Rent Assistance (CECRA)

The CECRA page has been updated to include additional information on eligibility criteria and FAQ.

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.