On October 9, 2020, the Government of Canada announced its
intention to extend the Canada Emergency Wage Subsidy
("CEWS") until June 2021. This announcement was detailed
in a news release that also contained information
on a new rent subsidy program (the "Canada Emergency Rent
Subsidy"), which is intended to provide rent and mortgage
support to qualifying organizations affected by COVID-19. According
to the release, the CEWS will remain at "the current subsidy
rate of up to a maximum of 65 per cent of eligible wages until
December 19, 2020." This announcement extending the current
maximum CEWS amount represents a change from the current
legislation, which gradually reduces the maximum CEWS amount
available in respect of active employees to 45% in Period 9
(October 25, 2020 – November 21, 2020). Details regarding the
maximum CEWS amounts for Period 10 were previously unavailable. The
Government intends to introduce legislation to implement the Canada
Emergency Rent