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Canada provides details on latest wage subsidy changes

Canada provides details on latest wage subsidy changes

Certain employers should determine how they may be affected by new changes to the Canada Emergency Wage Subsidy (CEWS)

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Certain employers should determine how they may be affected by new changes to the Canada Emergency Wage Subsidy (CEWS). The government has now introduced legislation that provides more details on the changes to the CEWS it first announced on October 9 and October 14, 2020, including extending the CEWS to June 2021 and revisions to maintain the current CEWS rate of up to a maximum of 65% of eligible wages until December 19, 2020 (previously, this rate was scheduled to go down to a maximum of 45% effective October 25, 2020). Although the government has so far only provided details on the CEWS until December 19, 2020, it has indicated that it will provide details for the upcoming periods before they begin. These measures received first reading in the House of Commons on November 2, 2020, and are expected to soon pass into law.

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