Initially introduced in March 2020, the Canada Emergency Wage
Subsidy (CEWS) is a federal economic support program for businesses
impacted by the COVID-19 pandemic. As announced in the 2021 Federal Budget, the CEWS has been
extended in order to bridge businesses and workers through to a
strong recovery.
Extending the CEWS
With the Wage Subsidy set to expire in June 2021, the 2021
Federal Budget proposes to extend the program for an additional
four periods, beginning June 6, 2021 and ending September 25,
2021.
While there are no significant changes to the overall
calculation of the program during this extended period, it should
be noted that the subsidy rate used in calculations will gradually
decline, reducing the amount of government support disbursed during
these four periods.
