The new Canada Emergency Wage Subsidy (CEWS) is finally available. The program extends financial relief to many more small businesses suffering from the effects of COVID-19. If you were not eligible for the subsidy in the past you may be now. Going forwards from period 5 the program works on a sliding scale: the greater your loss in revenue due to COVID-19, the greater the subsidy you will be eligible to receive.
Like the previous application process, you can apply through one of 3 different platforms offered by CRA:
- My Business Account
- CRA online application form
- Represent a Client (temporarily suspended due to CRA security breach)
https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-wage-subsidy/cews-how-apply.html#h-2
To help you prepare for the application process, CFIB recently collaborated with CRA to host a Q&A webinar session on the new CEWS. Before you apply, we encourage you to watch the recording to learn:
- How eligible businesses can calculate the subsidy
- What businesses are eligible for the new CEWS
- How to use the new CEWS calculator
- Where you can find additional resources
https://www.youtube.com/watch?v=kQsDCgsPHiE&feature=youtu.be