Update on the Canada Emergency Wage Subsidy and Canada Emergency Response Benefit

April 1, 2020

Canada Emergency Wage Subsidy (CEWS)

Last week, the Federal Government announced it would provide the CEWS, a 75% wage subsidy for any business, charity or non-profit that has suffered a 30% decline in revenue due to COVID-19, which we previously discussed here.  Today, more information was released by a team led by Minister of Finance Bill Morneau, as follows:  

How is the 30% revenue decrease measured?  Businesses must compare their current revenues to those in the same month...