On April 11, 2020, the Federal government’s $73 billion wage subsidy legislation received Royal Assent and was passed into law.
What It Means for Canadian Employers
The new Canada Emergency Wage Subsidy (CEWS) provides a 75% wage subsidy to eligible employers for up to 12 weeks, retroactive to March 15, 2020.
The CEWS is intended to prevent further job losses, encourage employers to re-hire workers previously laid off as a result of COVID-19, and help better position Canadian companies and other employers to more easily resume normal operations following the crisis.
Please click on this link to see the full details.
If you have any questions, please contact your Lipton advisor. If you would like to read our previous client communications on this subject, please refer to our blog.