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Federal wage subsidy extended until December

7/20/2020

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Details were released on Friday about the federal government’s plan to extend the Canada Emergency Wage Subsidy.

Finance Minister Bill Morneau said the plan was adjusted to make it easier for businesses to ramp up their growth as the economy gets back to speed. The proposed changes, which are expected to be approved by Parliament, help provide more certainty for employers.
 
The wage subsidy will be extended to Nov. 21 (with supports available until Dec. 19) and will be accessible to more businesses. The requirement to show a 30% decline in revenue has been tweaked to allow a gradually decreasing subsidy for businesses. This helps avoid the “cliff effect” that The Chamber voiced concern over, and which scared some employers away from the program.
 
Other changes include a top-up for employers in sectors facing the slowest recovery.

Learn More - CEWS update

Business Restart Series - Demystifying the Wage Subsidy

To help our members learn more about how they can benefit from the wage subsidy program, as well as its tax implications, Chamber CEO Bruce Williams is hosting Matthew Hohnsbehn, Liaison Officer at the Canada Revenue Agency, and Kris Wirk, Partner, at Dusanj & Wirk Chartered Professional Accountants, on Aug. 11.
 
Register Now
Business Restart Series: Canada Emergency Wage Subsidy (Online)
Tuesday, Aug. 11, Noon to 1 pm

 
Dusanj & Wirk Chartered Professional Accountants : Member since 2011
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  • Membership
    • Why Join?
    • Job Board
    • Member to Member Offers
    • Benefits, Discounts & Savings >
      • Chamber Store
    • Questions & Answers
    • Join Now
    • Member Login
  • Member Directory
    • All Categories
  • Events
    • Signature Events >
      • YYJ Eats
      • Annual Gala Auction
      • Business Awards >
        • Nominations for 2021 Business Awards
        • 2020 Business Awards Winners and Finalists
      • Business Leaders Series
    • Event Calendar >
      • Chamber Events
      • Community Events
    • Event Photos
    • Sponsorship
  • COVID-19
    • COVID-19 Initiatives
    • COVID-19 Links
  • News & Advocacy
    • Weekly BizNews >
      • BizNews-articles
    • Advocacy / Wins for Business >
      • Advocacy Wins 2020
      • EHT advocacy
      • Business Property Taxes
      • 2020 Advocacy Priorities
    • Chamber Chats
    • In the News >
      • Published Op-Eds
      • Media Releases
  • Prodigy Group
    • Mentorship Program
    • Prodigy Group Committee
    • Prodigy Events
    • Contact the Prodigy Group
  • About Us
    • Staff Directory
    • Board & Governance >
      • Governors
      • By-Laws, Plans & Reports
    • Committees
    • Chamber History
    • Partners & Sponsors
    • About Victoria >
      • Starting a Business
      • Moving Here
      • Visiting Victoria, BC
    • Contact Us