cews extension

The Canada Emergency Wage Subsidy has been extended and here's how to apply

The Canada Emergency Wage Subsidy (CEWS) has been extended, Prime Minister Justin Trudeau announced today.

Trudeau said that the CEWS would be extended past June in an effort to help employers retain and re-hire as many employees as possible.

"Earlier today we received a job report for April," he said during a press conference today. "These numbers tell us what we already knew: that right now, Canadians are hurting because of this pandemic."

The announcement came on the heels of a Statistics Canada report that outlined that the country has just experienced it's second-highest unemployment rate in history with the loss of 2 million jobs last month.

The Canadian Emergency Wage Subsidy is designed to help employers cover employee wages of up to 75 per cent, up to $847 per week.

Employers who have experienced 30 per cent or more drop in revenue can apply for the program, which was intended to be available until next month but has now been extended for the foreseeable future.

In addition to CEWS, Trudeau cited the Canada Emergency Business Account (CEBA) set up to help businesses to cover other costs through loans issued by the government. He said that over half a million businesses in Canada have accessed the program.

To apply for CEWS, employers must first see if they're eligible. Then they must see which employees are eligible and gather documents pertaining to those employees.

Using the online wage subsidy calculator, employers can determine the amount that they can expect to claim. They can then make an account with the Canadian Revenue Agency and await payment.

"There's a plan to get you through this and back on the job," said Trudeau. "And that's exactly what this government is focused on."

Lead photo by

Hector Vasquez

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