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Updates On Canada Emergency Wage Subsidy

Coins Updates On Canada Emergency Wage Subsidy

Last week, the federal government provided more details on the extension of the Canada Emergency Wage Subsidy (CEWS). Reminder: The CEWS has been extended by an additional 12 weeks to August 29, 2020.

Updates On Canada Emergency Wage Subsidy
  • Regulations are being introduced to maintain the same eligibility criteria.
  • They have recently completed consultations with businesses on potential adjustments to the program, including the 30% revenue decline threshold.
  • Any potential changes would commence as of periods five (July 5 to August 1) and/or six (August 2 to August 29).
  • Further details to follow.

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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