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.