Today the Department of Finance Canada announced that it has redesigned the Canada Emergency Wage Subsidy and has extended the program to December 19, 2020. The program, part of Canada's COVID-19 Economic Response Plan, provides a subsidy of up to 75% of wages paid. The extension and redesign will enable businesses to keep employees on payroll while revenues gradually recover as the economy begins to reopen. This is good news for Canadian businesses and will help to position them and their employees for a strong recovery.
If you haven't yet applied and need assistance, please contact me for a free consultation to help determine if you qualify and get you on track to receiving support payments.