Among the proposed changes, as of July 5, 2020, any business, charity and not-for-profit organization in Canada that has experienced a decline in “qualifying revenue” will be entitled to a subsidy.
The CEWS has been further extended to June 2021, including changes to the rates and top-up calculation.
Changes to CEWS as of November 19, 2020 (Bill C-9):
- the subsidy is extended to June 2021
- the maximum subsidy rate for periods 8 to 10 will remain at 65% (40% base rate + 25% top-up)
- beginning in period 8, the top-up rate and base rate are is now calculated using the same one-month revenue drop
- for periods 8 to 10, use the new top-up calculation or the previous 3-month average drop, whichever works in your favour
- the deadline to apply is January 31, 2021, or 180 days after the end of the claim period, whichever comes later
- starting in period 9, the calculation for employees on leave with pay now aligns better with EI benefits
- you can now calculate pre-crisis pay (baseline remuneration) for employees who were on certain kinds of leave, retroactive to period 5
- the Canada Emergency Rent Subsidy (CERS) has been introduced for businesses, non-profits, and charities
HOW GHi can help
To get free consultation on CEWS email us firstname.lastname@example.org or call at 431 887 4148.