Government Update. Wednesday, July 29

Courtesy of Tri-Cities Chamber of Commerce CEWS Update & Extension On July 27, the Senate passed the previously announced changes that broaden the eligibility of the Canada Emergency Wage Subsidy, allowing more businesses to qualify. These changes include:

• Extension: To December 19, 2020.

• Eligibility: Now available to businesses with less than 30% revenue decline.

• 50% Revenue Decline: Organizations with revenue declines of 50% or more will be able to apply for an increased subsidy of 85% or $960 per week.

More: https://www.canada.ca/en/department-finance/news/2020/07/government-legislation-to-support-canadian-workers-businesses-persons-with-disabilities-and-legal-rights-receives-royal-assent.html?utm_source=Tri-Cities+Chamber+Email+Updates&utm_campaign=9d526ff9d6-EMAIL_CAMPAIGN_2018_07_26_05_35_COPY_01&utm_medium=email&utm_term=0_2412bd3270-9d526ff9d6-87976267