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Canada to maintain rent and wage subsidy levels to June 2021

Canada to maintain rent and wage subsidy levels to Jun

Certain employers, qualifying tenants and property owners may continue to claim the CEWS and the CERS through June 5, 2021.

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Certain employers, qualifying tenants and property owners may continue to claim the Canada Emergency Wage Subsidy (CEWS) and the Canada Emergency Rent Subsidy (CERS) through June 5, 2021. The government has announced it will maintain the current CEWS rate of up to a maximum of 75% of eligible wages until June 5, 2021, and also keep the rent subsidy rate and Lockdown Support at their existing levels until this date. As a result, the maximum CERS rate would remain at 65%, while the Lockdown Support would continue to be 25%.

As part of these measures, which are intended to help Canadian businesses meet financial challenges due to COVID-19, the government has proposed further adjustments to certain calculations required to claim this support.

Download this edition of the TaxNewsFlash to learn more.

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