Cews Extended

As a canadian employer whose business has been affected by covid 19 you may be eligible for a subsidy of 75 of. On july 17 the government announced proposed changes to the cews. What does the cews extension mean for my business.

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Updated Cews Extension Davis Martindale Llp

Navigating The Changes To The Cews Gowling Wlg

Extended Canada Emergency Wage Subsidy Extended Beyond June

However the prime minister indicated that a formal announcement would be forthcoming this week.

Cews extended. Applications for claim period 5 july 5 to august 1 will open august 17 2020. When first introduced the canada emergency wage subsidy the cews was to be available for 12 weeks ending june 6 2020 with the possible extension by regulation to no later than september 30 2020. The cews provides a subsidy of 75 per cent of an eligible employee s weekly earnings to a maximum of 847 per employee per week.

Currently the cews is in place for a 12 week period from march 15 to june 6 2020. And period 3 may 10. Period 2 april 12 2020 to may 9 2020.

The government introduced the canada emergency wage subsidy cews to prevent further job losses encourage employers to rehire workers previously laid off as a result of covid 19 and help better position canadian companies and other employers to more easily resume normal operations following the crisis. Bruce ball fcpa fca cfp july 23 2020 the federal government is extending the canada emergency wage subsidy cews until december 19 2020 among other important changes. On july 13 prime minister justin trudeau announced the extension of the cews through dec.

Cews program revised and extended cews program revised and extended. As of july 6 581 800 out of a total of 587 060. Find out the details announced on july 17 2020 and included in bill c 20.

3 billion cews projection outlined in last wednesday s fiscal snapshot is a stark increase from the original 45 billion estimate. More information will be coming soon. This is the third time the cews has been extended since the start of the covid 19 pandemic.

As provinces ease restrictions businesses that are starting to reopen. The program was originally set to expire on june 6 and then was extended to aug. During a press conference on july 13 2020 prime minister justin trudeau stated that the canada emergency wage subsidy the cews will be extended to december 2020 the december extension no further particulars were provided in respect of the december extension.

However the prime minister indicated that a formal announcement would be forthcoming this week. 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. The initial 12 week period was comprised of three separate qualifying periods i e period 1 march 15 2020 to april 11 2020.

During a press conference on july 13 2020 prime minister justin trudeau stated that the canada emergency wage subsidy the cews will be extended to december 2020 the december extension no further particulars were provided in respect of the december extension. Initially the cews was only available until june 6 2020. The government of canada will extend the canada emergency wage subsidy cews by an additional 12 weeks to august 29 2020.