ID 166141292 © Meolia | Dreamstime.com

By CHAT News Today

Help for employers

Changes made to wage subsidy, applications open for enhanced program

Aug 17, 2020 | 11:46 AM

OTTAWA – The application period has opened for the enhanced Canada Emergency Wage Subsidy, which has been extended to Nov. 21.

“The Canada Revenue Agency is here to help Canadian employers of all sizes in getting their employees back to work,” says Diane Lebouthillier, minister of national revenue, in a release. “The government has made significant enhancements to the Canada Emergency Wage Subsidy by incorporating user and stakeholder feedback. As of today, more eligible employers can apply to receive funding. I encourage any employer who is struggling because of COVID19 to use the CRA’s CEWS calculator to see what kind of subsidy they could qualify for.”

Changes to the Canada Emergency Wage Subsidy today include:

• 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 per cent.
• 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.

Eligible employers can apply for period 5 of the CEWS through My Business Account or through the CRA’s web form application.

WHAT'S ON

Here is what's on this weekend in Medicine Hat and area: Dec. 13-15

13h ago

IN THE COMMUNITY

Medicine Hat's Mustard Seed adding new shelter spaces at Alberta government's request

Dec 12, 2024

HOLIDAYS

Medicine Hat Kiwanis hosting Christmas dinner, applications due Friday

Dec 12, 2024

The government says new security measures have been added to the My Business Account portal following the recent cyberattack.

Employers who have registered their business payroll accounts for direct deposit can generally expect to receive subsidy payments within three to five business days, says the government.

The CEWS has provided $26.58B in subsidies to more than 275,000 employers.