If you thought the prior calculation was complicate…brace yourself for the extension version!
The federal government introduced changes to the Canada Emergency Wage Subsidy (CEWS) that would open the program to more Canadian businesses. Proposed changes include:
- Eliminating the 30-percent revenue decline requirement
- Offering a base subsidy based on drop in revenue
- Adding a top-up subsidy to an additional 25 percent
- Extending the deadline to December 19, retroactive to July 5, 2020
Here is a link from MNP which helps explain the new rules.
Here is a quick snap shop of Eligibility
