Canada: Wage and rent subsidy relief programs, extended through 23 October 2021 (COVID-19)
Two relief programs have been extended through to 23 October 2021 in response to coronavirus
Relief programs have been extended through to 23 October 2021 in response to coronavirus
Two relief programs—the Canada emergency wage subsidy (CEWS) and the Canada emergency rent subsidy (CERS)—have been extended through to 23 October 2021.
These relief programs, intended to help Canadian businesses meet financial challenges due to the coronavirus (COVID-19) pandemic, were previously set to expire 25 September 2021. Read TaxNewsFlash
The government 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 for the period from 29 August 2021 until 25 September 2021.
- For the new extended period—26 September 2021 to 23 October 2021—a maximum CEWS and CERS rate of 20% will apply, and the lockdown support will continue to apply at a rate of 25%.
The government proposed further calculation adjustments for certain new businesses and confirmed that the wage subsidy for furloughed employees will end on 28 August 2021.
The government also indicated it will extend the Canada recovery benefit (CRB), and other benefit programs through 23 October 2021 (from 25 September 2021).
Read an August 2021 report [PDF 237 KB] prepared by the KPMG member firm in Canada
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.