Cews Canada

Bill c 20 initially released on july 17 substantially changes how the program operates and the amount of support that employers will be entitled to receive effective beginning july 5. Find out the details announced on july 17 2020 and included in bill c 20. On may 15 2020 finance minister bill morneau announced that the government of canada would extend the cews by an additional 12 weeks to august 29 2020.

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Updated Cews Extension Davis Martindale Llp

New Details On The Canada Emergency Wage Subsidy

Support For Employers Cra And Covid 19 Canada Ca

When you apply for the canada emergency wage subsidy cews your information is collected under the authority of the income tax act as part of the government of canada s response to the covid 19 pandemic.

Cews canada. The federal government is extending the canada emergency wage subsidy cews until december 19 2020 among other important changes. The calculator is a tool to help you estimate the amount of your wage subsidy. This is the third time the cews has been extended since the start of the covid 19 pandemic.

On july 17 2020 the government of canada the government released details as well as draft legislation in respect of a redesigned canada emergency wage subsidy the cews program effective from july 5 2020 pursuant to the backgrounder the estimated total fiscal cost in 2020 21 for the cews program as announced on july 17 2020 is 83 6 billion. On july 21 the house of commons passed bill c 20 which extends the canada emergency wage subsidy program cews a key measure in canada s covid 19 response plan. More information will be coming soon.

Applications for claim period 5 july 5 to august 1 will open august 17 2020. On july 13 prime minister justin trudeau announced the extension of the cews through dec. On july 17 the government announced proposed changes to the cews.

As a canadian employer whose business has been affected by covid 19 you may be eligible for a subsidy of 75 of. Bill morneau has announced that the extended canada emergency wage subsidy cews will now be available to all businesses that show any reduction in revenue due to the covid 19 pandemic. You can determine these amounts and preview your subsidy claim based on information you enter.

The personal information bank cra ppu 120 in info source is being updated to reflect this program. When you apply for the canada emergency wage subsidy cews you will be asked to enter amounts such as the number of eligible employees and gross payroll. The cews was put in place for an initial 12 week period from march 15 to june 6 2020 providing a 75 per cent wage subsidy to eligible employers.

Rcc has been eagerly awaiting the new rules for the canada emergency wage subsidy cews since engaging in several discussions with the finance minister s office senior finance tax policy officials and the prime minister s office at the end of may and beginning of june. Finance minister bill morneau announced significant changes to the canada emergency wage subsidy cews program on friday. Draft legislation which has yet to be passed by parliament indicates that the government is extensively revising the program for claim periods starting in july 2020 or thereafter.