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DURHAM REGION HOMEBUILDERS' ASSOCIATION

Canada Emergency Wage Subsidy Extended Until End of August

May 19, 2020 1:26 PM | Anonymous

Finance Minister Bill Morneau announced on May 15, 2020 that the Government of Canada will extend the CEWS by an additional 12 weeks to August 29, 2020. Extending the program will give workers greater confidence that they will continue to get the support they need during these difficult times. The Government will consult with key business and labour representatives over the next month on potential adjustments to the program to incent jobs and growth, including the 30 per cent revenue decline threshold. Any potential changes following the consultation will have as key objectives to maximize employment, ensure the CEWS reflects the immediate needs of businesses, and support the post-crisis economic recovery.

The Government has made regulatory changes to prescribe certain types of organizations in order to extend eligibility for the CEWS to additional groups. The prescribed organizations described below may now begin applying for the CEWS, provided they meet all other eligibility criteria.

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