Update – July 27, 2020

Bill C-20 extends the CEWS to December 19

Bill C-20, An Act respecting further COVID-19 measures, today received Royal Assent, ensuring that the Canada Emergency Wage Subsidy (CEWS) will continue to protect jobs by helping businesses keep employees on the payroll and encouraging employers to re-hire workers previously laid off.  Bill C-20 will allow the extension of the CEWS until December 19, 2020, including redesigned program details until November 21, 2020 and more.

Read more…

 

New Criteria for 75% Wage Subsidy Announced

Trudeau announced today the proposed new rules – businesses can use January and February of 2020 as comparison months to measure their revenue drop — instead of just the same month last year — which should help new or scaled-up businesses qualify.

Another proposed adjustment reduces the required revenue drop to 15 per cent for the month of March, which is expected to capture the many businesses that were forced to shut down midway through that month.

CBC

Global News

 

This is an update from the announcement made Friday, March 27, 2020

Businesses and non-profit organizations seeing a drop of at least 30% in revenue due to COVID-19 will qualify for the government’s 75 per cent wage subsidy program, Prime Minister Justin Trudeau announced today.

Workers who qualify for the Canada Emergency Wage Subsidy will have 75 per cent of their salary covered, on the first $58,700 earned this year, equivalent to $847 per week. The program will be backdated to March 15.

North Shore News

Canadian Press

CBC

 

Prime Minister Justin Trudeau just announced more assistance for small and medium-sized businesses to keep employees on the payroll during the COVID-19 crisis, including a 75 per cent wage subsidy and guaranteed interest-free loans.

More details are promised Monday.

Federal News Release

CBC

Post Media

Globe & Mail

More info on support for business