On August 11, 2020, the Canada Revenue Agency ("CRA") released an updated CEWS calculator, CEWS support page and significantly expanded CEWS FAQs. The CRA also announced that applications for period 5 (i.e., July 5 to August 1) will open August 17, 2020.
The new CRA guidance reflects amendments to the Canada Emergency Wage Subsidy ("CEWS") made pursuant to Bill C-20, An Act respecting further COVID-19 measures ("Bill C-20"), which received Royal Assent on July 27, 2020.
Detailed commentary from our Firm on the CEWS, including as amended by Bill C-20, can be found here.
Originally published 12 August, 2020
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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.
