Fact sheet: Canada Emergency Wage Subsidy (CEWS)

By Robert Winston | April 21, 2020

Fact Sheet

Government help for small business owners



(My business portal expected to be open to apply Monday, April 27, 2020)

  • Covers 75% of employees’ pre—crisis wages, up to $847
    per employee per week For up to 12 weeks, backdated to
    March 15
  • Employers must apply each month
  • To be eligible, employers must attest to a 15% decline in
    revenue For March 2020 and a 30% decline in revenue For
    each of April and May 2020 compared to either the same
    month in 2019 or to the average revenue from January and
    February 2020
  • Employers must attest that they are doing everything they
    can to pay the remaining 25% of employees’ income
  • Apply online through CRA My Business portal available April 27, 2020
  • Funds will be available in approximately 3 weeks

CEWS – How to Apply



  • Covers up to 10% of employee wages From March 18 to June 19, 2020, up to $1,375 For
    each eligible employee and to a maximum of $25,000 total per employer
  • Available to Canadian—controlled private corporations with less than $15 million in
    taxable capital employed in Canada For the preceding taxation year, calculated on an
    associated group basis
  • Eligible employers may take advantage of subsidy by keeping applicable amount of
    employee income tax deductions (not EI or CPP) rather than remitting them
  • If employer is eligible For both 10% and 75% subsidy, the amount the employer receives
    From the 10% subsidy will reduce the amount the employer is otherwise eligible to
    receive From the 75% subsidy (ie. employers cannot take both subsidies)



Apply through financial institution: (please contact your bank)

  • Available to Canadian employers with $20,000 to $1.5 million
    in total payroll in 2019, and operating as of March 1, 2020
  • Under CEBA, financial institutions will be able to provide
    interest—free credit Facilities of up to $40,000 to eligible
  • If the loan is repaid by December 31, 2022, 25 per cent (up to
    $10,000) will be Forgiven
  • If the loan is not repaid by December 31, 2022, the remaining
    balance will be converted to a three—year term loan at 5% interest
  • Consult with your financial institution for further details and
    to apply




  • Deferral of income tax payment deadline until end
    August 2020
  • Deferral of sales tax remittance and customs duty
    payments until June 30,2020
  • Deferred local and other provincial taxes and
    levies — consult applicable province’s COVID—1 9
    information page