The The emergency wage subsidy is available for 36 weeks, from March 15 to November 21, 2020 (subject to a 4-week extension until December 19), for businesses that have experienced a decrease in their gross income.For Period 5 (July 5 to August 1st), the subsidy is at a maximum rate of 60% (base CEWS) and will be adjusted (reduced) according to the decrease in the eligible employer’s gross revenue for a given period. The 75% wage subsidy will also be reduced by any payments your employees will receive through the EI work sharing program. If eligible, you may be able to receive both the TWS and the CEWS.
According to the formula used, the full 25% bonus will be available to employers who have experienced a decrease of 70% or more in their gross income. 75% of $1,129).Thanks for signing up. Subject to meeting the other criteria, the employer could receive a subsidy of $1,447 per week ($847 for the first employee and $600 for the second).The definition of eligible income remains unchanged for Periods 5 to 9.
The refund would be issued to eligible employers at the same time as the payment of the wage subsidy.The subsidy funds will be disbursed within 3 to 10 days of the processing of the application. This additional subsidy will be based on a modulated rate of up to 25% depending on the average loss of gross revenue suffered by the eligible employer.This measure has no limit on the number of employees eligible for the subsidy.To be eligible, the entity must also have, as of March 15, 2020, a Business Number used for amounts to be remitted under payroll deductions (Business Number ending in RP000) and To be eligible for the CEWS for periods 1 to 4, the eligible employer must have suffered a loss of revenue of 15% in March for period 1 or 30% in April, May or June for periods 2, 3 or 4.
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The Liberal Party of Canada’s proposed changes to the Canada Emergency Wage Subsidy (CEWS) passed in the Senate Monday. 75% of $1,129). Indeed, the maximum subsidy for these periods is now modulated according to the given period and the loss incurred (as shown in Table 1). You must confirm your email address before we can send you. Initially proposed for a 12-week period, from March 15 to June 6, the federal government 1. The election must be retained for periods 5 to 9.The company is entitled to determine the amount of the CEWS for Periods 5 and 6 only on the basis of the more advantageous of:The calculation of the CEWS for temporarily laid-off employees remains the same for periods 5 and 6 only.Starting in Period 7, the amount of the CEWS paid for temporarily laid-off employees is adjusted to align with the Canadian Emergency Benefit (ECP) and/or Employment Insurance (EI) program.The employer portion of the contributions paid on the salaries of temporarily laid-off employees to the Canada Pension Plan, Employment Insurance, Québec Pension Plan and the Québec Parental Insurance Plan remains refundable.Entities eligible for the subsidy will also be eligible to receive a refund of employer contributions for Employment Insurance (EI), Canada Pension Plan (CPP), Québec Pension Plan (QPP) and Québec Parental Insurance Plan (QPIP) for amounts paid in respect of remuneration paid to an employee for a week during which the employee is on paid leave.An employee is considered to be on paid leave when he is paid for a full week but does not perform any work for his employer during that week.There would be no maximum refund of employer contributions, i.e., the refund would be in addition to the maximum weekly wage subsidy.Employers will have to continue to calculate contributions on their employees’ wages and remit them to the tax authorities.
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