Canadian Emergency Wage Subsidy
What is CEWS?
As a Canadian employer who has seen a drop in revenue due to COVID-19, you may be eligible for a subsidy to cover part of your employer wages, retroactive to March 15th, 2020. The subsidy will enable you to re-hire workers, hire new workers, help prevent further job losses, and ease you back into normal operations.
Eligible employers must apply for CEWS in stages or “Periods”. The rules are not consistent across periods and are very complex. It is highly recommended that employees seek professional assistance in calculating their eligibility and submitting their CEWS applications, as errors or inappropriately obtained benefits may have serious consequences. BizWize is here to help you navigate the CEWS application process and avoid potentially costly errors.
CEWS was put in place for an initial 12-week period from March 15 to June 6, 2020, providing a 75% wage subsidy to eligible employers who experienced a 15% or higher drop in revenues in March 2020, and a 30% or higher drop in revenues in subsequent months.
On May 15, 2020 Finance Minister, Bill Morneau, announced that the Government of Canada would extend CEWS by an additional 12 weeks to August 29, 2020.
The government announced on June 10, 2020 that the same eligibility criteria for the initial Periods 1, 2 and 3 (March 15 to June 6, 2020) would continue to apply for Period 4 (June 7 to July 4, 2020).
Starting with claim Period 5, however, all businesses experiencing a drop in revenue are eligible for CEWS, based on a sliding scale.
CEWS has been extended until June 2021, and will remain at its current level of 65% (including the 25% top up) until December 19th, as opposed to a staggered decline as previously announced. Further details will be made available soon.
How to Apply for CEWS
Companies may apply for the subsidy every month. Businesses will be able to use the following options:
Learn more about each CEWS Period:
For more information on qualification and eligible employees:
We want to make sure you are maximizing the subsidies that are available to you.
Contact us for questions regarding or assistance with CEWS and other subsidies.
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