May 15, 2020: Government of Canada: The Canada Emergency Wage Subsidy (CEWS) helps businesses keep employees on the payroll and encourages employers to re-hire workers previously laid off, and better positions businesses to bounce back following the crisis.
Finance Minister Bill Morneau announced 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.
Read full press release here.