Wage Subsidy Extended To August 29, 2020, And Additional Organizations Now Included

Finance Minister Bill Morneau today announced that the Government of Canada will extend the Canada Emergency Wage Subsidy (CEWS) to August 29, 2020.

The government has also revised the criteria to include several additional types of organizations that would not have otherwise been eligible for the CEWS:

Partnerships: Partnerships with non-eligible members will now be eligible entities so long as non-eligible members do not hold a majority.

Indigenous Government-Owned Businesses: The government is extending eligibility to include Indigenous government-owned corporations that are carrying on a business and are tax-exempt under paragraph 149(1)(d.5) of the Income Tax Act, as well as their wholly-owned subsidiaries that are carrying on a business and are tax-exempt under paragraph 149(1)(d.6) of the Income Tax Act.