Online Portal for CEWS Applications Available on April 27, 2020
Date: April 21, 2020
On April 21, 2020, the federal government announced that effective April 27, 2020, employers will be able to apply online for the Canada Emergency Wage Subsidy (CEWS) through signing into their “My Business Account.”
Before signing in, employers must calculate the estimated amount of the wage subsidy to be claimed and the Canada Revenue Agency has provided an “online calculator” that can be used for this purpose. The calculation must be performed for each payroll account an employer has. The new website contains additional information about who is an eligible employer, helpful examples about automatic qualification for a second four-week period, and how to get ready for the application process.
Employers must maintain all records demonstrating their reduction of revenues and the remuneration paid to their employees.
For more information on the CEWS, see our FTR Nows of April 13, April 9, and April 2, 2020.
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