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ARTICLE · 19 JUNE 2020

CEWS Update – CRA Provides Particulars For Period 4 CEWS Extension

McCarthy Tétrault
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When first introduced, the Canada Emergency Wage Subsidy (the "CEWS") was to be available for 12 weeks ending June 6, 2020, with the possible extension by regulation to no later than September 30, 2020.

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Point De Vue Fiscal, De McCarthy Tétrault
Point De Vue Fiscal, De McCarthy Tétrault
Stefanie Morand
Stefanie Morand
Dean Xiao
Dean Xiao
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When first introduced, the Canada Emergency Wage Subsidy (the "CEWS") was to be available for 12 weeks ending June 6, 2020, with the possible extension by regulation to no later than September 30, 2020.  The initial 12 week period was comprised of three separate qualifying periods (i.e., Period 1 - March 15, 2020 to April 11, 2020; Period 2 - April 12, 2020 to May 9, 2020; and Period 3 - May 10, 2020 to June 6, 2020).

On May 15, 2020, the Government of Canada announced that the CEWS would be extended to August 29, 2020, but did not provide particulars as to how the CEWS would apply during the extension.  Instead, the Government announced that it would "consult with key business and labour representatives over the next month on potential adjustments to the program to incent jobs and growth, including the 30 per cent revenue decline threshold."

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