On March 30, 2020, the Federal Government provided details regarding the Canada Emergency Wage Subsidy program ("CEWS") for employers impacted by COVID-19.
On April 8, 2020, Prime Minister Trudeau announced that CEWS will have more relaxed standards than previously shared. These relaxed standards include:
- An employer must show a 15 percent decline in its revenue as opposed to 30 percent.
- An employer can compare its revenue loss of March, April or May 2020 to that of the same month in 2019, or to an average of their revenue earned in January and February 2020.
- Charities and non-profit organizations can elect whether to include or exclude revenues from government assistance in their calculations.
Read more about the Canada Emergency Wage Subsidy program.
Read more EKB Updates about the legal implications of COVID-19 and the impact on business in British Columbia.
COVID-19 Update: Canadian Emergency Wage Subsidy
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
