We Can Help! Call Today 800.665.5034

Contact Us

News

UPDATE Canada Emergency Wage Subsidy (CEWS)

• The program has been extended until November 21, 2020
- Claim period 6: August 2 to August 29, 2020 
- Claim period 7: August 30 to September 26, 2020 
- Claim period 8: September 27 to October 24, 2020 
- Claim period 9: October 25 to November 21, 2020

• Eligible employers who had any drop in revenue can now qualify for the wage subsidy, starting with the claim periods that began July 5, 2020
- The subsidy rate varies depending on how much your revenue dropped (see table below)
- Employers who were hardest hit over a period of three months will receive a higher amount 
- Employers who are especially hard-hit can qualify for a top-up of up to 25% (see table below)
- The maximum base subsidy rate is 60% for claim periods 5 and 6 
- The maximum base subsidy rate will begin to decline in period 7, gradually reducing to 20% in period 9

• Eligibility has been expanded to include the following employers:
- Sole proprietorships and taxable corporations
- Certain Indigenous government-owned corporations
- Non-profit organizations
- Partnerships consisting of 50% or more eligible employers
- Registered charities

• You can now calculate your revenue drop in different ways, and choose the way that works best for your situation
- Use the current period’s revenue drop or the previous period’s, whichever works in your favour
- Even if your revenue has not dropped for the current claim period, you can still qualify if your average revenue over the previous three months dropped more than 50% 
- Employees who were unpaid for 14 or more days can now be included in your calculation 

Click here to access the CANADA EMERGENCY WAGE SUBSIDY CALCULATOR

CLAIM PERIODS

Period 5Period 6Period 7Period 8Period 9
Maximum weekly
benefit per
employee
$677.40
(60% x $1,129)
$677.40
(60% x $1,129)
$564.50
(50% x $1,129)
$451.60
(40% x $1,129)
$225.80
(20% x $1,129)
Revenue reduction
50% or more
60% Max60% Max50% Max40% Max20% Max
Revenue reduction
49% or less
1.2 x Reduction 
(ex. 1.2 x 20% RR = 24%)
1.2 x Reduction 
(ex. 1.2 x 20% RR = 24%)
1.0 x Reduction 
(ex. 1.0 x 20% RR = 20%)
0.8 x Reduction
(ex. 0.8 x 20% RR = 16%)
0.4 x Reduction
(ex. 0.4 x 20% RR = 8%)


SUBSIDY TOP-UP

Revenue drop 70% or more Revenue drop between 50 - 70% Revenue drop between 0 - 50%
25% up to $282.25/week per employee 1.25 x (your 3-month average revenue drop % - 50%)

ex. 1.25 x (60% - 50%) = 12.5%
or $141.13/week per employee
No top-up


Still have questions? Contact Scott Rowland at

scott.rowland@availcpa.com OR 403-382-6800

For a complete list of our COVID-19 resources for individuals and businesses, please visit availcpa.com/resources

Two Male Employees Working In Metal Machine Shop
← Previous Post
UPDATE CERB Extended An Additional 4 Weeks
Next Post →
6 Tips To Help You Pass The CFE Exam