By Jim Wilson. May 9 – June 5. CEWS extended to June 2021. CEWS Period 15. Similar as with the CEWS, the rate of the CERS is set to decline starting July 4. Wage Subsidy (“CEWS”) until June 2021. On March 3, 2021, further to statements in the Fall Economic Statement the Government of Canada confirmed its intention to further extend the Canada Emergency Wage Subsidy (CEWS) and Canada Emergency Rent Subsidy and Lockdown Support (CERS) programs through June 5, 2021. An announcement was made mid-July that the CEWS program would be receiving its first extension until December 2020, and now the program has recently received its second and longest extension to date, until June 2021. The extension includes changes to the rates and top up calculations. The Canada Emergency Wage Subsidy (CEWS) will also be extended to June 5, 2021. Prime Minister Justin Trudeau has committed to extending the Canada Emergency Wage Subsidy (CEWS) scheme through to June 2021, with the estimated cost expected to rise to $68.5bn. ACTA webinar recap as Trudeau extends CEWS and CERS to June 2021. Canada Emergency Wage Subsidy January 12, 2021 1 . CEWS Officially Extended to June 2021 Announced November 19th, the Canadian Emergency Wage Subsidy has officially been extended to June 2021. On March 3, 2021… The draft legislation is currently awaiting final approval, however once approved it will result in a formal period 10 qualifying period that spans November 22, 2020 … CFIB statement on CEWS and CERS extension announcement Toronto, March 3, 2021 – The Canadian Federation of Independent Business (CFIB) welcomes today’s news that the Canada Emergency Wage Subsidy (CEWS) and the Canada Emergency Rent Subsidy (CERS) have been extended to June 5 at current levels, including the 25 per cent additional lockdown … CEWS Period 16. Detailed commentary from our Firm on the CEWS can be found here, here and here. Potential extension up to June 30, 2021!! A new rent relief program allowing businesses, specifically those that have been affected by COVID-19, to apply directly has also been announced. The extension indicates specifically that: Final details announced for the Canada Emergency Wage Subsidy Program to June 5, 2021. The wage subsidy scheme is set to run at least until June 30, 2021. March 05, 2021 COVID-19 Tax Update: Finance Details Extension of CEWS / CERS Programs to June 2021. The maximum rate for top-up subsidy remains at 25% for the periods 8 to 10, but is increased to 35% for the periods 11 to 16. The recent upsurge in number of active cases will likely cause extension of CEWS. This means that: The maximum base … Prime Minister Justin Trudeau announced today the official extension of the Canada Emergency Wage Subsidy (CEWS) to June 2021 as well as additional loans through the Canada Emergency Business Account (CEBA). The eligibility requirements and subsidy calculations have remained consistent with the CEWS 2.0 details previously communicated on August 5, 2020 which can be found here. To date, over 3.7 million jobs in more than 300,000 businesses have been protected through CEWS. The Canada Emergency Wage Subsidy (CEWS) program was introduced in March 2020 for an initial period of twelve weeks. In a press conference this morning, Prime Minister Justin Trudeau announced the extension of the Canada Emergency Wage Subsidy (CEWS) and Canada Emergency Rent Subsidy (CERS) till June. Additional details regarding how the subsidies under the CEWS will be determined during the new extended … CEWS will remain at 75 percent for the upcoming period.The federal government brought CEWS back to 75 percent for the period of December 20 to March 13 after promising to do so last year. In particular, for periods 8 to … To view the original article click here. The … Nov 20, 2020. Apr 2021 over Apr 2019 or Mar 2021 over Mar 2019. Mar 2021 or Feb 2021 over average of Jan and Feb 2020. The Backgrounder confirms that CEWS will be extended until June 2021. CEWS extended to June 2021. November 23, 2020. The subsidy that a CEWS application can be made remains at the current subsidy level of a maximum of 65% of qualifying payroll until December 19, 2020. The top up subsidy starting from period 8 is calculated using the same one-month revenue drop as in the calculation of the base subsidy. New program March 12, 2021 . Apr 2021 or Mar 2021 over average of Jan and Feb 2020. The CEWS program, which was previously extended to November 21, 2020 in July 2020, has now been extended through to June 2021. Who is eligible? Program meant to ensure ‘workers and employers get the help they need to get through the winter and second wave of COVID-19’ The wage subsidy program has been extended until June 2021. CEWS and CERS Extension The Budget extended the CEWS and CERS program from its current end date of June 5, 2021 to September 25, 2021, with the potential legislative room to further extend the programs through Regulations until November 20, 2021 should the COVID situation warrant. The expansion of the Canada Emergency Wage Subsidy (CEWS) until June 2021, is one of the last few remaining Canadian government subsidies for business as a result of the COVID-19 pandemic. April 11 – May 8. CEWS and CERS Extension. The Government intends to introduce legislation to implement the Canada Emergency Rent Subsidy and the CEWS extension in the near future. CERS Period 9. Here’s a quote from the government’s website regarding this: May 2021 over May 2019 or Apr 2021 over Apr 2019. As a result, the credit for contributions to the health services fund has also been extended until June 5, 2021. Canada: CEWS Extended Until June 2021 16 October 2020 . The extension of the current CEWS, CERS and Lockdown Support programs means that many businesses and organizations that have been negatively impacted by the COVID-19 pandemic will continue to receive government funding through to June 2021. This proposal made no substantive changes to the overall mechanics of the CEWS … The qualifying periods for the credit for contributions to the health services fund are the same as those for the CEWS, with the first period beginning on March 15, 2020, and the last period ending on June 5, 2021… Bill C-9, An Act to Amend the Income Tax Act (Canada Emergency Rent Subsidy and Canada Emergency Wage Subsidy), would see the wage subsidy remain at the current rate of up to 65 per cent of eligible … Extension of the CEWS program until 30 June 2021. Those with losses of over 50 per cent can qualify for a top-up of up to an additional 25 per cent. The union added the benefits could go beyond that if CEWS was extended, which it was to June 2021. This is welcome relief for companies struggling to pay their employees’ remuneration, office rent or mortgage … “To date, the Wage Subsidy has supported more than 5 million people and the Rent Subsidy has been there for over 129,000 businesses and organizations. This proposal made no substantive changes to the overall mechanics of the CEWS … The CEWS program was originally announced in March of 2020 and put in place until August 29, 2020. Canada Budget 2021. The application deadline for loan support under the Regional Relief and Recovery Fund and Indigenous Business Initiative will also be extended until June 30. It is good news that the wage subsidy will be extended until June 2021 and that plans to reduce the generosity of the subsidy over the fall have been paused. Extension of the CEWS to June 2021. Originally published by McCarthy Tétrault, … Since then, the federal government has made adjustments to extend the reach of the program, and has most recently extended the program to June 5, 2021. The new legislation would also keep the CEWS’ current subsidy rate maximum at 65 percent of eligible wages until December 19, 2020. Given the extension of the CEWS program until June 30, 2021, the deadline for CEWS applications has been modified such that an eligible entity must make an application in respect of the qualifying period on or before the later of (i) January 31, 2021, and (ii) 180 days after the end of the qualifying period. Latest Update - April 19th, 2021: The Government of Canada's Budget 2021 proposes to extend the Canada Emergency Wage Subsidy (CEWS) and the Canada Emergency Rent Subsidy (CERS) and Lockdown Support until September 25th, 2021. As of November 19 th, 2020, the CEWS program is extended until June 2021. The legislation, known as Bill C-9: An Act to amend the Income Tax … The CEWS extension is projected to cost $10.1 billion and CERS extension $1.8 billion. The CEWS for furloughed employees is aligned with the benefits provided through Employment Insurance (EI) through June 5, 2021 to ensure equitable treatment of such employees between the two programs. It will still cover up to 75% of employees’ wages for eligible employers. The wage subsidy formula will be based on 80 per cent of a firm’s revenue loss for most businesses over the fall. CERS Period 8. Periods 8 … During the Speech from the Throne in late September, Prime Minister Justin Trudeau announced that the CEWS would continue into 2021. Coverage extension Claim period 9 will cover wages only up to Nov. 21 this … On March 3, 2021, the government announced its proposed extension for the wage subsidy program ("CEWS") and rent subsidy program ("CERS"). The 75 percent rate is the maximum amount companies can receive from the program if they qualify (the base rate for the wage subsidy is 40 percent, with a potential top-up … Details of the Canada Emergency Wage Subsidy Program (CEWS) program, which helps employers retain and pay new and existing employees. Share. The federal government has given Bill C-9 royal assent, ensuring that the Canada Emergency Wage Subsidy (CEWS… Maintaining the current structures until June 5, 2021. The Government intends to introduce legislation to implement the Canada Emergency Rent Subsidy and the CEWS extension in the near future. In addition, the new legislation provides details for how the program will function for periods from September 27, 2020 up to December 19, 2020 (i.e. Finance announced on 6 October 2020 that the CEWS program would be extended until 30 June 2021. The extension of the CEWS was first proposed by the federal government in October, and include extending the CEWS to June 30, 2021. CEWS extension formally approved. The main changes are as follows: The wage subsidy, the rent subsidy, and Lockdown Support are legislated to be available until June 2021. A separate CEWS rate structure applies for furloughed employees. On April 19, 2021, the honourable Chrystia Freeland, Minister of Finance, presented the 2021 Federal budget which included the extension of the Canada Emergency Wage Subsidy (CEWS) and the Canada Emergency Rent Subsidy (CERS), for periods 17 and 10, respectively (June 6 to July 3 for both), 18 and 11 respectively (July 4 to July 31 for both), 19 and 12 … The government also announced an extension for Furloughed workers to June 5, 2021. On March 3, 2021, the CEWS was extended until June 5, 2021. On March 3, 2021, the Government of Canada announced that it intends to extend the current rate structures for the Canada Emergency Wage Subsidy (CEWS), the Canada Emergency Rent Subsidy (CERS) and Lockdown Support from March 14 to June 5, 2021. 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