CEWS/CERS Periods 14 to 17 revenue Comparison Change

The September 1, 2021 Canada Gazette published Regulations (Regulations Subsections 8901.2(2) and (3)) to implement the July 30, 2021 announcement that eligible entities which on March 1, 2019 were not carrying on business, or otherwise not carrying on their ordinary activities, would be permitted to elect to use the alternative approach for periods 14 to 17 (March 14 to July 3, 2021) if they chose the general approach for CEWS or CERS claims in period 5 or later. The 180-day deadline for applications or increases for period 14, which ended on April 10, 2021, will expire on October 7, 2021.