Changes to the Canada Emergency Wage Subsidy

Canadian Prime Minister Justin Trudeau announced changes to the Canada Emergency Wage Subsidy (CEWS) yesterday. Trudeau said firms will now have to show their year-on-year revenues had dropped by 15% in March, half the previous level of 30%, to claim a 75% wage subsidy for employees.

In related news, Air Canada has announced that it will apply for CEWS in order to rehire the 16,500 employees that were recently laid off. The company said Wednesday that it will utilize CEWS to retain or bring back workers who were let go under a cost reduction program that saw nearly half of Air Canada’s 36,000 employees lose their jobs as air traffic skidded to a halt due to the COVID pandemic.

NorthBridge Consultants’ Canadian Business Blog is dedicated to bringing businesses news and information to help them identify and access the most appropriate government funding programs.

We offer opinions and insider information that can provide a pulse on government initiatives, the health of the Canadian economy, and firsthand thoughts from Canadian business owners.

Related Posts

9 Fintech Startups Advancing Finance Management

Funding & Resources to Offset Tariff Impacts – What You Need to Know

Popular Programs: