Canada: Wage and rent subsidy levels maintained through 5 June 2021 (COVID-19)
Canada: Wage and rent subsidy levels
Eligible employers and qualifying tenants and property owners may continue to claim the wage and rent subsidies through 5 June 2021.
The government announced eligible employers and qualifying tenants and property owners may continue to claim the Canada emergency wage subsidy (CEWS) and the Canada emergency rent subsidy (CERS) through 5 June 2021. The current CEWS rate of up to a maximum of 75% of eligible wages would be maintained until 5 June 2021, and the rent subsidy rate and “lockdown support” would be maintained at their existing levels also until 5 June 2021.
Accordingly, the maximum CERS rate would remain at 65%, while the lockdown support would continue to be 25%.
As part of these measures—intended to help Canadian businesses meet financial challenges due to the coronavirus (COVID-19) pandemic—the government has proposed further adjustments to certain calculations required to claim this support.
Read a March 2021 report prepared by the KPMG member firm in Canada
© 2022 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.