Small Businesses and Employers:
Enhanced Flexibility announced for the Canada Emergency Wage Subsidy

Reduced March qualification criteria and more flexibility for charities and businesses

On April 8, 2020, the federal government announced changes to the Canada Wage Subsidy (CEWS) that is proposed to help employers keep Canadians on the payroll with a 75% wage subsidy from the federal government – for up to $58,700 normally earned by employees. It’s a benefit of up to $847 per week, per employee.

Employers of all sizes and sectors would be eligible, but we know small business are hardest hit by the economic impact of COVID-19. CEWS is proposed to be in place to cover the 12 week period of March 15, 2020 to June 6, 2020.

To help the not-for-profit sector, new businesses and high growth companies access CEWS, the following changes to criteria were announced that add flexibility:

• For March 2020, a 15% revenue loss will be the new benchmark to qualify – recognizing that many businesses did not begin to feel the impact of the COVID-19 crisis until part way through the month. For April and May the revenue reduction test will remain at 30% to qualify for CEWS.
• For flexibility, employers will be able to compare their revenue of March, April and May 2020 to the same month in 2019, or to an average of their revenue earned in January and February 2020.
• Accrual accounting or cash accounting methods can be used to measure revenue
• The proposed changes make it easier for Registered charities and not-for-profit organizations. They can choose to include or exclude government funding in their revenues for the purposes of applying for CEWS.

Further information:

https://www.canada.ca/en/department-finance/news/2020/04/government-provides-further-flexibility-for-employers-to-access-the-canada-emergency-wage-subsidy.html

MORE POSTS

Comments Box SVG iconsUsed for the like, share, comment, and reaction icons
3 hours ago
David Sweet, M.P.

The Conservative climate plan will hold the world’s largest greenhouse gas emitter - China - to account by implementing Carbon Border Tariffs. We won’t let the Chinese Communist Party hold the world hostage anymore over this issue!

www.foreignaffairs.com/articles/united-states/2021-04-13/competition-china-can-save-planet

#cndpoli Conservative Party of Canada - Parti conservateur du Canada
... See MoreSee Less

The Conservative climate plan will hold the world’s largest greenhouse gas emitter - China - to account by implementing Carbon Border Tariffs. We won’t let the Chinese Communist Party hold the world hostage anymore over this issue!

https://www.foreignaffairs.com/articles/united-states/2021-04-13/competition-china-can-save-planet

#cndpoli Conservative Party of Canada - Parti conservateur du Canada

Our Conservative plan will secure an environment that our future generations will enjoy and prosper from! It will fight climate change, hold foreign nations accountable and make Canada competitive — while not burdening Canadians with an ever increasing tax! cpcassets.conservative.ca/wp-content/uploads/2021/04/15104504/24068610becf2561.pdf ... See MoreSee Less

Our Conservative Party of Canada - Parti conservateur du Canada plan will secure an environment that our future generations will enjoy and prosper from! It will fight climate change, hold foreign nations accountable and make Canada competitive — while not burdening Canadians with an ever increasing tax! https://cpcassets.conservative.ca/wp-content/uploads/2021/04/15104504/24068610becf2561.pdfImage attachment

Comment on Facebook

David, Erin O'Toole said no to carbon taxes when he was campaigning, now all in. Why is the Conservative party moving left? We need a conservative choice.

Fight climate change with a carbon tax, frequent flyer tax, and a tax on cottages? I think you and Erin O'Toole may have signed up for the wrong party... Suggest you check out the NDP or Green Party.

Now this is the topic?? Agenda.

Wake up! No one can secure environment with natural causes, they can only ensure discipline such as no littering, proper pick up of garbage, cleaning, planting trees, etc. Without risk there will be no technology, progress and improvements. We shouldn't go backwards just to satisfy impossible dreams of controlling unforeseen and natural occurrences, we need to develope our common sense and be smart. What we do is drive away jobs, wealth and resources to China and other foreign countries giving up what we perceived as controlling environment problems. Other countries won't control but produce the same we gave up without maintained processes bringing worse climate situation and controlling us with our dependence on their supplies. Remember the PPE China won't supply as leverage, until we decide to produce locally, now the vaccine....

Load more