Today, the federal government announced an extension of the Canada Emergency Wage Subsidy (CEWS) by three months to August 29, 2020 (initially in place from March 15 to June 6, 2020).
The Government also made regulatory changes to extend eligibility of the CEWS to additional groups, provided they meet all other eligibility criteria. These changes are effective immediately and are retroactive to March 15, 2020.
The following groups now qualify for the CEWS
Finance Minister Bill Morneau also outlined proposed legislative amendments to further expand participation in the program. These changes would be required to pass Parliament before coming into effect.
Proposed Legislative amendments
The Government will continue consultations with businesses and labour groups over the next month on potential additional adjustments to the program including the current 30% revenue decline threshold.
To apply for the CEWS, go to https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-wage-subsidy.html.
Consult the Sussex COVID-19 Guide for information on supports made available across the Federal, Provincial and Municipal Governments.
As the details of the programs announced today become available, let Sussex help connect you with the right people in government to help your organization get through these extraordinary times.
Please reach out to your Sussex representative directly or to a member of the Federal Government Relations Team.