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 to October 23, 2021. Previously, these subsidies were set to expire on September 25, 2021. The government has announced it will maintain the current CEWS and CERS rate of up to a maximum of 40% of eligible wages or eligible rent or property expenses from August 29, 2021 until September 25, 2021. For the new extended period of September 26, 2021 to October 23, 2021 (i.e., period 21), a maximum CEWS and CERS rate of 20% will apply and the Lockdown Support will continue to apply at a rate of 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 calculation adjustments for certain new businesses and confirmed that the the wage subsidy for furloughed employees will end on August 28, 2021. The government also indicated it will extend the Canada Recovery Benefit (CRB), and other benefit programs until October 23, 2021 (from September 25, 2021).
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