Tax Hyperion, Vol. 17, Issue 4, July-August 2020

The Redesigned Canada Emergency Wage Subsidy Program

This article explores the changes made by Bill C-20, An Act respecting further COVID-19 measures (“Bill C-20”) to the Income Tax Act, with a specific focus on the changes made to the revenue decline requirement of the CEWS program. The changes to the revenue decline calculation creates flexibility in the CEWS program requested by employers and stakeholders. However, it adds complexity to the calculation.

A brief overview of the CEWS program is warranted in order to understand the enhancements provided for by Bill C-20, which received Royal Assent on July 27, 2020. The CEWS program was intended to enable employers to re-hire employees previously laid off as a result of COVID-19. In addition, this program intended to help prevent further job losses and enable employers to resume normal operations following the crisis.

The full publication is accessible here:

https://v3.taxnetpro.com/Document/Iadf3859013734a65e0540010e03eefe0/View/FullText.html?transitionType=Default&contextData=(sc.Default)&VR=3.0&RS=cblt1.0

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