#Canada; CEWS; #COVID19; #EconomicResponsePlan; #WorkSharingProgram
Ottawa, May 15 (Canadian-Media): An announcement was made May 15 by Canada's Finance Minister Bill Morneau that the government of Canada will extend the Canada Emergency Wage Subsidy (CEWS) by an additional 12 weeks to August 29, 2020, media reports said.
Bill Morneau. Image credit: Twitter Handle
Currently, the CEWS is in place for a 12-week period, from March 15 to June 6, 2020. Extending the program will give workers greater confidence that they will continue to get the support they need during these difficult times.
Government of Canada introduced CEWS through Canada’s COVID-19 Economic Response Plan to support Canadians and protect jobs during the global COVID-19 pandemic, to help businesses keep employees on the payroll and to re-hire workers previously laid off, so that the businesses are able to bounce back following the crisis.
In addition, Morneau also announced the approval of regulations to extend eligibility for the CEWS to the partnerships that are up to 50 percent owned by non-eligible members; indigenous government-owned corporations, as well as partnerships between indigenous governments and eligible employers; registered Canadian Amateur Athletic Associations; registered Journalism Organizations; and non-public colleges and schools, including institutions that offer specialized services, such as arts schools, driving schools, language schools or flight schools.
The Government also intends to propose legislative amendments to enable CEWS to meet its objectives which include providing flexibility for employers of existing employees who were not regularly employed in early 2020, such as seasonal employees; ensure that the CEWS applies appropriately to corporations formed on the amalgamation of two predecessor corpora includetions and better align the treatment of trusts and corporations for the purpose of determining CEWS eligibility.
The CEWS is a key measure in the Government of Canada’s COVID-19 Economic Response Plan, a comprehensive plan to help ensure that Canadians can pay for essentials like mortgages, rent and groceries, and to help businesses continue to pay their employees and their bills during this time of uncertainty. Since its introduction, the wage subsidy has helped nearly 2 million Canadians keep or return to their jobs.
The government continues to assess and respond to the impact of COVID-19, and stands ready to take additional actions as needed to stabilize the economy and mitigate the impacts of the pandemic.
The government has taken action to support Canadian businesses through the outbreak of COVID-19, with targeted new initiatives that: