COVID-19: Canadian federal economic support for businesses

The Government of Canada has launched the Canada Emergency Wage Subsidy Calculator[4] to help employers as they prepare to apply for the CEWS. Employers who have used the calculator will be able to use the printable statement feature to enter required information into their application.

According to the June 16, 2020 update, any changes to eligibility criteria, which are to be determined, will commence for periods 5 and/or 6.

The extension of the Canada Emergency Wage Subsidy until June 2021 was announced on October 8, 2020.The subsidy would remain at the current subsidy rate of up to a maximum of 65 per cent of eligible wages until December 19, 2020. This measure is part of the government’s commitment to create over 1 million jobs and restore employment to the level it was before the pandemic.

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