Government Establishes Canada Emergency Wage Subsidy (CEWS) – April 2020

In response to the urgent needs of the business community, on April 11, 2020, the Federal Government formally established the new rules for the Canada Emergency Wage Subsidy (the “CEWS”) by amending the Income Tax Act and passing Bill C-14. As communicated to you earlier, the CEWS will potentially provide a payroll subsidy of up to 75% to a qualifying eligible entity for wages paid to eligible employees between March 15 to June 6, 2020.

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