A message for Canadian Businesses – The Canada Emergency Wage Subsidy is here to help!
Port McNeill, B.C. - A message for Canadian Businesses – The Canada Emergency Wage Subsidy is here to help!
The Government of Canada is taking immediate, significant and decisive action through Canada’s COVID-19 Economic Response Plan to support Canadians and protect jobs during the global COVID-19 pandemic, and to better position them for a strong recovery.
The Canada Emergency Wage Subsidy (CEWS) protects jobs by helping businesses keep employees on the payroll and encourages employers to re-hire workers previously laid off. As of June 8, more than 340,000 applications have been approved providing $10.5 billion in support. Applications for CEWS period 3 are being accepted as of today.
The Government announced on May 15, 2020 that the CEWS would be extended by an additional 12 weeks, to August 29, 2020, to give workers greater confidence that they will continue to get the support they need during these difficult times, and better position businesses to bounce back following the crisis.
The Government is introducing regulations to maintain the same eligibility criteria. The Government of Canada has recently completed consultations with business and labour representatives on potential adjustments to the CEWS program to continue to protect jobs and promote growth, including the 30 per cent revenue decline threshold. The key objectives of any potential changes will be to maximize employment, to ensure that the CEWS reflects the immediate needs of businesses, and to support the post-crisis economic recovery.
Any potential changes would commence as of periods 5 (July 5 to August 1) and/or 6 (August 2 to August 29). Further details on this will be forthcoming.
The Honorable Diane Lebouthillier, P.C., M.P.
Minister of National Revenue
Francesco Sorbara, M.P.
Parliamentary Secretary to the Minister of National Revenue
Resources for the CEWS and COVID-19 fiscal measures
· Government extends the Canada Emergency Wage Subsidy
· Canada’s COVID-19 Economic Response Plan
· Webpage: Canada Emergency Wage Subsidy
· Frequently asked questions – CEWS
· Coronavirus disease (COVID-19)
· Changes to taxes and benefits: CRA and COVID-19
· CRA digital services: My Business Account and Represent a Client
Follow us on Facebook, Twitter, and LinkedIn. You can share our posts and engage with us and our CEWS-related content using the hashtags #CEWS #COVID19 #CdnTax.
For general questions about the CEWS, such as eligibility and how to apply, call the 1-833-966-2099.
The CRA’s Business Enquiries line at 1-800-959-5525 is available for those who have specific questions, such as access to My Business Account, payment requirements, or GST and corporate income tax filing information.