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Federal Government Announces Canada Emergency Wage Subsidy (CEWS) Extension

By October 9, 2020 October 15th, 2020 No Comments

The extension of the Canada Emergency Wage Subsidy until June 2021, which would continue to protect jobs by helping businesses keep employees on the payroll and encouraging employers to re-hire their workers. The subsidy would remain at the current subsidy rate of up to a maximum of 65% of eligible wages until December 19, 2020. This measure is part of the government’s commitment to create over 1 million jobs and restore employment to the level it was before the pandemic.

  • Throughout the pandemic, Canadian employers have worked hard to keep their staff on the payroll, and our Government has had their back.
  • To date, the Canada Emergency Wage Subsidy (CEWS), has helped protect more than 3.5 million Canadian jobs.
  • To help keep workers on the pay roll, and help employers rehire, we’re extending the CEWS until June 2021 and freezing the current rate until December 19, 2020.
  • This significant support will ensure Canadian families and businesses are in a strong position Canada emerges from this crisis.

Background:

Since its launch, over 3.7 million Canadians have had their jobs supported through the Canada Emergency Wage Subsidy, with more than $41 billion paid out in subsidies as of October 4, 2020.