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15 April 2020

Canada's Emergency Wage Subsidy legislation receives Royal Assent

Canada's Finance Minister Bill Morneau introduced a new program called the Canada Emergency Wage Subsidy (CEWS) on April 1, to co-exist with the 10% wage subsidy previously announced. Then, on April 8, the Finance Minister announced further revisions to expand the eligibility criteria for the CEWS and shared critical information that was previously not addressed. Finally, on April 11, the CEWS as part of Bill C-14 received Royal Assent.

A Tax Alert prepared by Ernst & Young Canada, and attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert

Document ID: 2020-0980

 

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