Continuing Changes to the Canada Emergency Wage Subsidy (CEWS)
On November 19, 2020, the passage of Bill C-9 brought several changes to the CEWS program, such as decreasing the wage subsidy rate to 65% and extending the subsidy program to June 2021.
As part of the 2020 Fall Economic Statement released by the Government of Canada on November 30, 2020, the maximum rate under the Canada Emergency Wage Subsidy (“CEWS”) is proposed to be increased to 75%. The new rate would be effective for the period beginning December 20, 2020 and would last until March 13, 2021. The wage subsidy available will still depend on the revenue decline for the business.
If you would like our assistance in applying for the CEWS, be sure to contact us!