Budget 2021 announced that the Canadian Emergency Wage Subsidy (“CEWS”) and Canadian Emergency Rent Subsidy (“CERS”) have both been extended until September 2021. The budget announced a claw back on period 17 CEWS and beyond for public company’s whose top executives’ compensation was higher in 2021 than in 2019.

We may be seeing the final wind down of the program with maximums reducing for each of the newly announced claim periods.

Qualifying Period 17

 Qualifying Period 18 Qualifying Period 19 Qualifying Period 20
June 6 – July 3, 2021 July 4 – July 31, 2021 Aug 1 – Aug 28, 2021

Aug 29 – Sept 25, 2021

CEWS max 75%

 CEWS max 60% CEWS max 40%

CEWS max 20%
CERS max 65% CERS max 60% CERS max 40%

CERS max 20%

For complete details of the extended programs, including baseline remuneration and the amount of subsidy that your business is eligible, visit the government’s website here for CEWS and here for CERS, or contact one of our specialists today.

If you would like to discuss the CEWS, CERS, or any other government programs with one of our accountants, please reach out today.

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