Program changes for Periods 5-9 include:
- The extension of the CEWS, including redesigned program details, until November 21, 2020.
- Increased eligibility, meaning that all eligible employers who’ve experienced a revenue drop can now qualify for a base subsidy. The subsidy amount is based on the revenue drop.
- Employers who are especially hard-hit can qualify for a top-up of up to 25%.
- Provide certainty for employers that have already made business decisions for July and August, by ensuring they will not receive a subsidy rate lower than they would have under the previous rules.
Q&A sessions with the Canada Revenue Agency
The CRA will shortly publish a number of online resources, including updated frequently asked questions, to help eligible employers understand how to apply and take advantage of this fiscal measure. To complement these resources, the CRA will host a series of interactive question and answer teleconference sessions for eligible employers and stakeholder organizations.
Our thanks to MNP LLP for providing this informative video