HEADS UP - CEWS Eligibility Has Been Expanded!
As we mentioned in our July blog, the Canadian government recently extended the CEWS subsidy program until December 19, 2020. Along with the extension, they have dramatically expanded the eligibility requirement for the subsidy. Employers who have not qualified in the past may now be eligible under the new requirements.
The latest eligibility rules remove the 30% revenue reduction threshold requirement. This means that any employer that is experiencing a revenue reduction may now qualify for the subsidy even if the reduction is less than 30%. Before you begin calculating, please remember:
The CEWS subsidy application is done separately each month and the revenue reduction must be determined each time.
Revenue reduction is determined by comparing the monthly revenue for the subsidy period to a number of other data points and this is what provides more complexity, but more opportunity as well.
If you think you may qualify for the CEWS subsidy program under the new requirements, please contact us and we will be happy to assist you.