Table 2, below, shows the new combined rate structure with the base subsidy and the top-up wage subsidy. For Periods 5 through 9 (July 5 to November 21, 2020), the alternative baseline remunation period begins on July 1, 2019 and ends on December 31, 2019. In other words, we’re making sure that the wage and rent subsidies continue through this spring and that the amount of support remains consistent. The government has announced a proposed extension of the … Canada Emergency Wage Subsidy Extension The Canada Emergency Wage Subsidy has been extended until December 19, 2020. Period 6*: August 2 – August … This means an employer with a 70 per cent or greater revenue loss in a single period would be eligible for a 65-per-cent wage subsidy. Under the alternative approach, both the base subsidy and the top-up wage subsidy would be determined by the change in an eligible employer's monthly revenues relative to the average of its January 2020 and February 2020 revenues. Rate structure of the base CEWS. The Canada Emergency Wage Subsidy has helped more than 5.3 million Canadians keep their jobs, and the Canada Emergency Rent Subsidy and Lockdown Support have helped more than 154,000 organizations with rent, mortgage, and other expenses. A top-up wage subsidy of up to 25 per cent is available to employers most adversely impacted by the pandemic. Here’s a quote from an article from CPA Canada below: allow the extension of the CEWS until December 19, 2020, including … May 20, 2021: The government introduced the Canada Emergency Wage Subsidy to protect Canadian jobs, encourage employers to quickly rehire workers previously laid off because of COVID-19, and help bridge the Canadian economy to the other side of this unprecedented crisis. The Federal Government recently passed Bill C-20, receiving Royal Assent on July 27th, 2020. The wage subsidy, the rent subsidy, and Lockdown Support programs are currently set to expire in June 2021. On July 17, 2020, the government unveiled a redesign allowing more employers to access wage subsidy support while ensuring that support is better targeted to their needs, and proposed a further extension to December 19, 2020. With the extension of the wage subsidy, to ensure that employers have sufficient time to make their wage subsidy applications, the proposed new deadline to make an application for a qualifying period would be the later of January 31, 2021 or 180 days after the end of the qualifying period. Details such as specific dates and eligibility criteria have not been publicized yet. An eligible employer would use the greater of its percentage revenue decline for the current qualifying period and that for the previous qualifying period for the purpose of determining its combined base subsidy and top-up wage subsidy rate for the current qualifying period. August 2020. The exact weeks extension and when you can apply for the extension was not announced as of yet. The wage subsidy has a relieving rule that applies when an entity purchases all or substantially all of business assets of a seller. If the purchaser and seller jointly elect, the purchaser can use the prior reference period revenues associated with those assets for the purpose of computing its revenue decline. The CEWS program was established as a relief program in response to the coronavirus (COVID-19) pandemic. Period 5*: July 5 – August 1. Table 1, below, shows the new rate structure of the base subsidy. On July 17 th the Government of Canada announced an extension of the Canada Emergency Wage Subsidy (CEWS). The government will provide details for the upcoming periods in advance of the current terms’ expiry and will ensure the wage subsidy program continues to be responsive to the economic situation. Instead of using the current three-month revenue-decline test for the top-up wage subsidy, both the base and top-up wage subsidies would be determined by the change in an eligible employer's monthly revenues, year-over-year, for either the current or previous calendar month. As a Canadian employer who has seen a drop in revenue during the COVID-19 pandemic, you may be eligible for a subsidy to cover part of your employee wages. For enquiries, contact us. 2 Bill C-9, An Act to amend the Income Tax Act (Canada Emergency Rent Subsidy and Canada Emergency Wage Subsidy), received Royal Assent on November 19, 2020 and is now law. Canada Emergency Wage Subsidy Extension. Similarly, employers that had chosen to use the alternative approach for Period 5 and onward would continue to use the alternative approach. Under the alternative approach to the calculation of baseline revenues, an eligible employer’s top-up wage subsidy would be determined based on the revenue drop experienced when comparing average monthly revenue in the preceding three months to the average monthly revenue in January and February 2020. How you calculate your subsidy rate will … Once further details are given, we will update these details. Please note that there are significant changes to this program because of … Search for related information by keyword: July to September 2020 over July to September 2019, August to October 2020 over August to October 2019, September to November 2020 over September to November 2019, July to September 2020 average over January and February 2020 average, August to October 2020 average over January and February 2020 average, September to November 2020 average over January and February 2020 average, 90-day period ending immediately before the beginning of the employee’s leave period, the amount of eligible remuneration paid in respect of the week; and. Table 4, below, outlines the reference periods for the safe harbour rule. This is a thought leadership article by PrimeGlobal member firm Shimmerman Penn which discusses the extension of the Canada emergency wage subsidy.. On October 9, 2020, the Department of Finance announced the intention to introduce new, targeted support measures to help businesses and other organizations who continue to experience a decline in revenue as a result of the COVID-19 … Any period of seven or more consecutive days for which the employee was not remunerated is excluded from the calculation. OTTAWA – The Trudeau government will extend its flagship and costly emergency wage subsidy program for nearly another year as it promises to restore employment in Canada … Canada’s Finance Minister recently announced proposed changes to the Canada Emergency Wage Subsidy (CEWS) including the extension of the program until December 2020. Under proposed new rules, employers would be given greater flexibility to claim the wage subsidy in respect of employees returning from maternity leave, parental leave, caregiver leave or long-term sick leave. As mentioned earlier, the prime minister announced that the government will be extending the program until December 2020. For employers using the alternative method (announced on April 8, 2020), both the base subsidy and the top-up wage subsidy would be determined by comparing its current monthly revenues with the average of its January 2020 and February 2020 revenues. On March 3, 2021, the Deputy Prime Minister and Minister of Finance, Chrystia Freeland, announced the extension of the Canada Emergency Wage Subsidy (CEWS), Canada Emergency Rent Subsidy (CERS) and Lockdown Support programs to the following periods: Period 14 — March 14 to April 10, 2021; Period 15 — April 11 to May 8, 2021 Timing. For Periods 8 through 10, an eligible employer would be entitled to a top-up wage subsidy rate not lower than the rate that it would be entitled to if its entitlement were calculated under the three month revenue-decline test. As with the existing rule, the purchaser and seller would need to make a joint election. An eligible employer would be able to elect for each qualifying period from Periods 5 to 10 (July 5 to December 19, 2020), a special baseline remuneration period in respect of an eligible employee returning from a continuous maternity, parental, caregiver, or long-term sick leave that began before July 1, 2019 and ended after March 15, 2020. As announced on October 14, 2020, for Periods 9 (October 25 to November 21) and 10 (November 22 to December 19), the wage subsidy for furloughed employees would be adjusted to align with the benefits provided through Employment Insurance (EI) to ensure equitable treatment of employees on furlough between both programs. On April 19, 2021, the Government announced their proposed budget which includes extending the Canada Emergency Wage Subsidy. This article outlines this subsidy and how it interacts with the previously introduced ten-percent Temporary Wage Subsidy for Employers. The April 19, 2021 Budget was relatively sparse in terms of substantive tax changes, but one of the major items in the Budget documents is the extension of the Canada Emergency Wage Subsidy (“CEWS”) and the Canada Emergency Rent Subsidy (“CERS”) program, and the introduction of a new wage subsidy program, the Canada Recovery Hiring Program (“CRHP”). Currently, to qualify for the wage subsidy for a qualifying period, an eligible employer must make an application for the qualifying period, in a prescribed form and manner, no later than January 31, 2021. Canada Emergency Wage Subsidy Extension. The new rate structure for the base wage subsidy would replace the one previously announced on July 17, 2020 for Period 9. The government is proposing to further extend the wage subsidy program until June 2021 and implement other enhancements to the program to better respond to the evolving economic and health situation. Canada Emergency Wage Subsidy (CEWS) Extension. Furthermore, new measures have expanded the CEWS to include some employers who did not meet the previous 30% revenue reduction requirement. The emergency wage subsidy program is being extended beyond June, in an effort to encourage more employers to rehire staff and 'help kick-start' … The wage subsidy program was put in place for an initial 12-week period from March 15 to June 6, 2020, providing a 75 per cent wage subsidy to eligible employers. Last day to apply for claim period 9, June 6, 2021: This rule would be expanded to allow it to be used when an entity purchases the assets of a business, or of a distinct part of a business, of an arm’s length seller and the purchaser uses those assets to carry on a business. Under the alternative approach to the calculation of baseline revenues, the top-up wage subsidy is determined based on the revenue drop experienced when comparing average monthly revenue in the preceding three months to the average monthly revenue in January and February 2020. Under the general rules, an eligible employer’s entitlement to the wage subsidy for a furloughed employee, as well as an active employee in certain circumstances, is determined through a calculation that takes into account both the employee’s current and baseline (pre-crisis) remuneration. Specifically, the wage subsidy calculation for a furloughed employee would be the lesser of: The employer portion of contributions in respect if the Canada Pension Plan, EI, the Quebec Pension Plan, and the Quebec Parental Insurance Plan in respect of furloughed employees would continue to be refunded. The Canadian government has announced the details of the extension of the Canada Emergency Wage Subsidy (CEWS) program into June 2021. Today, our Prime Minister announced that the Canada Emergency Wage Subsidy (CEWS) will be extended to December 2020. Canada Emergency Rent Subsidy While separate from the wage subsidy, the Canada Emergency Rent Subsidy was introduced with the same Bill. An amendment to the definition “eligible employee” would ensure that only employees of an eligible entity employed primarily in Canada throughout a qualifying period (or portion of a qualifying period during which the employee was employed by the eligible entity) would be considered eligible employees for the purpose of the wage subsidy. The CEWS provides employers with a percentage of employees' pay per eligible employee, per week. The CEWS program was scheduled to end on August 29 and provided a 75% wage subsidy on eligible remuneration for qualifying businesses. The government is proposing to further extend the wage subsidy program until June 2021 and implement other enhancements to the program to better respond to the evolving economic and health situation. Under this safe harbour rule, an eligible employer’s top-up wage subsidy would generally be determined based on the revenue drop experienced when comparing revenues in the preceding three months to the same months in the prior year. The federal government has extended the Canada Emergency Wage Subsidy (CEWS) to June 2021. The CEWS provides employers with a percentage of employees’ pay per eligible employee, per week. Table 3, below, outlines each qualifying period and the relevant period for determining an eligible employer’s change in revenue. The amount an employer gets per employee is based on the employer's revenue drop. The federal government has extended the Canada Emergency Wage Subsidy (CEWS) to June 2021. You will not receive a reply. Update. Finance Minister Bill Morneau announced details with respect to both an extension and expansion of the Canada Emergency Wage Subsidy (CEWS) program on July 17, 2020. Eligible employers will now be able to claim this subsidy until December 19, 2020. Maximum 300 characters, On April 19, 2021, the Government announced their proposed budget. Ottawa extended the Canada Emergency Wage Subsidy (CEWS) program until Sept. 25. Apply for the CEWS. Employers that had chosen to use the general approach to choosing a prior reference period for Period 5 (July 5 to August 1) and onward would continue to use that approach. Go right to the calculator if you already know how the subsidy works. You will not receive a reply. It had been scheduled to expire in June. The special remuneration period would be the 90-day period ending immediately before the beginning of the employee’s leave period. Update May 15, 2020: The government will extend the wage subsidy for an additional 12 weeks to August 29, 2020. The government introduced the Canada Emergency Wage Subsidy to protect Canadian jobs, encourage employers to quickly rehire workers previously laid off because of COVID-19, and help bridge the Canadian economy to the other side of this unprecedented crisis. Baseline remuneration means the average weekly eligible remuneration paid to an eligible employee by an eligible employer during the period beginning January 1, 2020, and ending March 15, 2020. Eligible employees are employees for whom the wage subsidy can be claimed. The government has extended Canada Emergency Wage Subsidy until the end of 2020. This program covers up to 75% of employee wages for eligible businesses impacted by COVID-19. Canada: Proposed extension of wage subsidy relief The Department of Finance announced it would further extend the Canada emergency wage subsidy (CEWS) relief program by four weeks, to 24 October 2020 (from 26 September 2020). Canada Emergency Wage Subsidy (CEWS) We are covering up to 75% of an employee's wages for qualifying eligible employers to keep and re-hire employees and avoid layoffs. As a Canadian employer who has seen a drop in revenue during the COVID-19 pandemic, you may be eligible for a … During a press conference on Wednesday, Prime Minister Justin Trudeau said that the Canadian Emergency Wage Subsidy (CEWS), the Canadian Emergency Rent Subsidy (CERS) and lockdown support measures, set to expire on March 14, will now be extended to June 5. To make the top-up wage subsidy more responsive to sudden changes in revenue, the revenue-decline test for the base subsidy and the top-up wage subsidy would be harmonized from September 27, 2020 onward. The proposed changes would extend the CEWS until December 19, 2020, including redesigned program details until November 21, 2020. The Canada Emergency Wage Subsidy was proposed by the Government of Canada to help eligible employers during the COVID-19 outbreak keep employees on payroll and will be retroactive to March 15, 2020. The Canada Emergency Rent Subsidy (CERS) applies to businesses, charities, or non-profits with a CRA business number on September 27, 2020, … On May 15, 2020, the government announced a 12-week extension, to August 29, 2020. This subsidy will enable you to re-hire workers, help prevent further job losses, and ease your business back into normal operations. Canada Emergency Wage Subsidy Extension and Expansion The government has announced that it will be extending the period where employers can receive the CEWS until December 19, 2020. First day you can apply for claim period 16. The CFL cancelled its plans to … Canada Emergency Wage Subsidy (CEWS) - Further Extension Announced The Canadian government has announced an extension to the CEWS subsidy. Details of the program until December 19, 2020 are provided here. The Canada Emergency Wage Subsidy (CEWS) has been extended to June 2021. An eligible employer may elect the alternative baseline period because, for example, an eligible employee was on leave through the duration of the regular baseline remuneration period. On April 19, 2021, the Government announced their proposed budget which includes extending the Canada Emergency Wage Subsidy. The proposed new baseline remuneration periods for Periods 5 to 10 (July 5 to December 19, 2020) are summarized in table 5 below: * Available for eligible employees returning from a continuous maternity, parental, caregiver, or long-term sick leave that began before July 1, 2019 and ended after March 15, 2020. Because the wage subsidy would now be based on the current month’s revenue losses, instead of the preceding three months’, an employer who had strong revenues over the summer, but is facing a revenue decline of over 50 per cent in Period 8, would qualify for a more generous wage subsidy this fall. Extension of the Canada Emergency Wage Subsidy (CEWS) On October 9, 2020, the Department of Finance announced the intention to introduce new, targeted support measures to help businesses and other organizations who continue to experience a decline in revenue as a … Telephone numbers and email addresses will be removed. As such, the maximum base subsidy rate would be set at 40 per cent for this period. “We are extending the Canada Emergency Wage Subsidy (CEWS) and the Canada Emergency Rent Subsidy (CERS) and lockdown support at their current levels until June. Update July 27, 2020. Line F 10% Temporary Wage Subsidy for Employers reduction (for the claim period) = $0.00 Line G Amounts received by eligible employees under ESDC's Work-Sharing benefit program (for the claim period) = $0.00 The base subsidy rate for Period 8 (September 27 to October 24, 2020) would continue to apply for Periods 9 and 10 (October 25 to December 19, 2020). These proposed changes will make the program more flexible and more generous, and ensure that the program provides continued support to employers. Currently, an eligible employer’s top-up wage subsidy is generally determined based on the revenue drop over the preceding three months compared to the same months in the prior year. * The calculation would equal the average monthly revenue over the three months of the reference period divided by the average revenue for the months of January and February 2020. Expansion and Extension to the Canada Emergency Wage Subsidy July 28, 2020 Business Tax , COVID , Tax , Tax Alerts On July 17, 2020, the Government of Canada introduced legislation to extend and expand the Canada Emergency Wage Subsidy (“CEWS”) and it … These proposed changes will make the program more flexible and more generous, and ensure that the program provides continued support to employers and meets the needs of the health and economic situation as it evolves. CEWS was established in March 2020 to support employers, and their employees, during the COVID-19 pandemic by providing a subsidy with respect to eligible remuneration paid by eligible employers who have experienced reduced revenues… For periods 14 to 16, the maximum subsidy rate is 75% (40% base rate + 35% top-up), the same as periods 11 to 13. The amount an employer gets per employee is based on the employer’s revenue drop. 55 per cent of pre-crisis remuneration for the employee, up to a maximum subsidy amount of $573. 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