The CEWS program will be extended three months to the end of August 2020.
The 30% required revenue decrease threshold is being reviewed to not hamper growth as the economy reopens.
The CESB student applications open today.
GST/HST credit and Canada Child Benefit will continue to the end of September even if 2019 returns haven’t been filed. However, individuals are encouraged to file returns as soon as possible.
Further the department of Finance stated that new regulations would extend eligibility for the CEWS to the following groups:
Partnerships that are up to 50-per-cent owned by non-eligible members;
Indigenous government-owned corporations that are carrying on a business, as well as partnerships where the partners are 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 ensure that the CEWS continues to meet its objectives. These proposed amendments would:
Provide flexibility for employers of existing employees who were not regularly employed in early 2020, such as seasonal employees. This includes a proposal that an option would be added to calculate baseline remuneration as the average weekly remuneration paid to the employee from March 1 to May 31 of 2019;
Ensure that the CEWS applies appropriately to corporations formed on the amalgamation of two predecessor corporations and
Better align the treatment of trusts and corporations for the purpose of determining CEWS eligibility.