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Overview of the Canada Emergency Wage Subsidy (“CEWS”) By Terrance S. Carter, Barry W. Kwasniewski and Luis R. Chacin The Canada Emergency Wage Subsidy program (“CEWS”) was first introduced on April 11, 2020, in Bill C-14, COVID-19 Emergency Response Act, No. 2 as a 75% wage subsidy up to a maximum of $847 per week for three 4-week periods starting on March 15, 2020 and ending on June 6, 2020, subject to additional periods ending no later than September 30, 2020 as prescribed. On May 15, 2020, the CEWS was amended by way of regulations to include new eligible entities and to extend the program for another three 4-week periods ending on August 29, 2020. On July 27, 2020, with the Royal Assent of Bill C-20, An Act respecting further COVID-19 measures (“Bill C-20”), the government introduced substantial changes to the scope and eligibility criteria of the CEWS, retroactive to July 5, 2020, and extended the program for another three 4-week periods ending November 21, 2020, with the possibility of an additional 4-week period ending no later than December 31, 2020. This Bulletin provides an up-to-date overview of the CEWS to assist charities and not-for-profits. For the balance of this Bulletin, please see Charity & NFP Law Bulletin No. 477. |
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