Last week, the federal government provided more details regarding the Canada Emergency Wage Subsidy (CEWS) program.
Canada Emergency Wage Subsidy (CEWS)
- All the rules for the proposed claim Period 4 (June 7 to July 4, 2020) will be identical to the rules for the preceding claim Period 3 (May 10 to June 6, 2020).
- The proposed claim Period 4 is from June 7 to July 4, 2020. The reference period for reduction in revenue is June 2020 over June 2019 or the average of January and February 2020.
- The government will soon announce details of potential changes to the program’s framework for claim Period 5 (July 5 to August 1, 2020) and/or claim Period 6 (August 2 to August 29, 2020).
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.