Federal
The Government of Canada announced the following measures:
Canada Emergency Wage Subsidy
Further details on the proposed Canada Emergency Wage Subsidy
(CEWS) were provided today by Finance Minister Bill Morneau.
The proposed CEWS would apply at a rate of 75% of the first
$58,700 normally earned by employees (i.e., up to $847 per week,
per employee) for a 12-week period, from March 15 to June 6, 2020.
There is no overall limit on the amount an employer may claim.
The pre-crisis remuneration for a given employee would be based
on the average weekly remuneration paid between January 1 and March
15 inclusively, excluding any seven-day periods in respect of which
the employee did not receive remuneration. Employers will also be
eligible for a subsidy of up to 75% of salaries and wages paid to
new employees.
