Due to the coronavirus pandemic in Canada millions of Canadians lost their jobs.. This has had a significant impact on the Canadian economy. Canada’s government implemented many measures to help citizens and businesses during this difficult time. This program provides additional financial support and helps employees stay employed 🇨🇦 👔 🍁 ️ 🔛 !
The Canada Emergency Wage Subsidy (CEWS) is a government program created to assist employers in keeping their employees employed during the coronavirus pandemic. Under CEWS, eligible employers can receive up to 75% of employee wages for up to 12 weeks retroactive to March 15, 2020 🆙.
Businesses, charities, and non-profit organizations across Canada can apply for the CEWS if they have suffered a decrease in revenue as a result of the pandemic. Employers must have experienced a minimum 30% drop in gross revenue in March, April, May 2020 or June 2020 ️. Employers must also maintain active payroll accounts with Canada Revenue Agency (CRA) 🇨🇦.
The CEWS can be used to cover up to 75% of an employee’s salary up to a maximum of $847 per week ️ 📅 🆙. Employers must pay the remaining 25% of wages to their employees. This subsidy is available retroactively from March 15, 2020, to August 29, 2020. Employers can apply for the CEWS through the CRA’s My Business Account portal 👔.
The CEWS is designed to help employers keep their employees on payroll and provide additional financial support during the pandemic 🔛. The subsidy can be used to cover the costs of wages and benefits, such as health, and dental coverage 🦷. It can also be used to cover the costs of hiring new employees or training existing employees 🆕.
The CEWS is a valuable program for employers and employees alike ️. For employers, it can help them keep their employees on payroll and help them stay afloat during the pandemic 🔛. For employees it can provide additional financial security allowing them to keep their jobs, and continue to support their families 👔.
The CEWS a crucial program that can assist employers in keeping their employees on the payroll and giving them additional financial support during these trying times is a part of the Canadian government’s larger economic response to the coronavirus pandemic 🍁 ️ 🔛. !! .
👔 🔛 📅 🦷 🇨🇦 🆕 🆙 🍁 ️
