On January 6, 2021, Regulations and minor explanatory notes (from CRA) were released relating to periods 11-13 in respect of CEWS, and the corresponding periods for CERS.
The Regulations match the original announcement that the maximum CEWS claim will be 75% of applicable remuneration, and the maximum base CERS claim will be 65% of applicable expenses. The top-up for CERS lock-down support remains at 25%.
The CRA guidance notes that the reference periods to be used for determining period 11 claims are the same as for period 10, which use December or November revenues. A minor technical issue related to this in the Regulations has been noted by VTN and passed on to the Government, which will hopefully be addressed shortly.