As mentioned in our previous updates, the federal government has been working on getting the 75% Canada Emergency Wage Subsidy (CEWS) program ready and able to receive applications by the end of April 2020. It was announced this week that the application process will open on Monday, April 27, 2020.
Applications will be accepted by using My Business Account through the Canada Revenue Agency’s online service. If you have not previously signed up for this service for your own corporation(s), please click HERE to sign up.
The Government of Canada has updated its website to include a host of useful information regarding this new program. Please click the link at the bottom of this email to:
The website provides helpful information and also a downloadable spreadsheet to assist in calculating your subsidy amount. We encourage you to visit the website in advance of the April 27th launch to see if you qualify and familiarize yourself with the calculations.
- Determine if you are an eligible employer under the CEWS
- Determine your eligible employees
- Calculate your subsidy amount
- Find out how to apply, or
- Contact the CRA