Proposed updates to the Canada Emergency Wage Subsidy (CEWS) program that were reflected in Bill C-20, An Act respecting further COVID-19 measures, received Royal Assent on July 27.
Changes include the extension of the program until December 19 — including redesigned program details until November 21, as well as doing away with the 30 per cent revenue decline threshold prerequisite and introducing a base and top-up subsidy.
“With the Royal Assent of Bill C-20, our government is once again showing workers and businesses that we have their back,” said Bill Morneau, Canada’s Minister of Finance. “The re-designed Canada Emergency Wage Subsidy will ensure that more Canadian workers can count on the support they need to return to work as our economy safely re-opens.”
Technical issues were also addressed, and the proposed amendments that were previously introduced in Bill C-17 (An Act respecting additional COVID-19 measures) were finally made in Bill C-20, according to a Government of Canada news release.
More details on what the latest CEWS updates mean for dealerships across Canada can be found here (for the video interview) and here (for the article).
