New Changes to the Canada Emergency Wage Subsidy ("CEWS") By Terrance S. Carter By Barry W. Kwasniewski and Luis R. Chacin On May 15, 2020, Finance Minister Morneau announced that the Canada Emergency Wage Subsidy (“CEWS”), which was introduced on April 11, 2020 in Bill C-14, COVID-19 Emergency Response Act, No. 2 for a 12-week period ending on June 6, 2020, will be extended by an additional 12 weeks to August 29, 2020. Minister Morneau also announced the approval of regulations to extend the eligibility for the CEWS to include groups such as Registered Canadian Amateur Athletic Associations, Registered Journalism Organizations, private colleges, and private schools.
For additional information, see COVID-19 Resource for Charities & NFPs: New Changes to the Canada Emergency Wage Subsidy (“CEWS”). |