Over 1 million dollars in CEWS benefits received by CBMCA clients

CBM has been continuously working to provide support you to you, our clients during these extraordinary times.  

To date, we have been able to assist employers in receiving over $1,000,000 in support through the Canada Emergency Wage Subsidy (CEWs). These payouts have occurred in the first four periods since March 15th, 2020.

Our office is now open, please call for an appointment 905-572-7220 or email us at cbm@cbmca.com.

We have attached the Period 5 & 6 CEWS documentation below for your reference.

 

Base Subsidy

  • Available to all eligible employers that have declining revenues
  • Subsidy amount varies depending on their scale of revenue decline Top-Up Subsidy:
 

 Top Up Subsidy

  • Up to an additional 25% for employers that have been the most adversely affected by COVID-19

 

EFFECTIVE JULY 5, 2020:

  • Period 5 and forward
  • Employers that have been affected by the COVID-19 crisis would be eligible for a base CEWS amount for active employees.
  • Base CEWS would be a specified rate, applied to the amount of remuneration paid to the employee for the eligibility period, on remuneration of up to $1,129 per week
  • Rate of the base CEWS will now vary depending on the level of revenue decline, and its application would be extended to employers with a revenue decline of less than 30%.
  • Program expansion is aimed at qualifying eligible employers with a revenue decline.
  • Employers with a revenue drop of less than 50% would be eligible for a lower base CEWS rate, as shown in Table 1 below.
  • Maximum base CEWS rate would be gradually reduced from 60% in Periods 5 and 6 (July 5 to August 29) to 20% in Period 9 (October 25 to November 21).
 

 

Top-up Subsidy for the most adversely affected employers:

  • Employers that have experienced a 3-month average revenue drop of more than 50% would receive a top-up CEWS rate equal to 1.25 times the average revenue drop that exceeds 50 %, up to a maximum top-up CEWS rate of 25%, which is attained at a 70% revenue decline
 

 
 

Safe Harbour Rule – Period 5 & 6

  • Periods 5 and 6 → an eligible employer would be entitled to a CEWS rate not lower than the rate that they would be entitled to if their entitlement were calculated under the CEWS rules that were in place for Periods 1 to 4.
  • In Periods 5 and 6, an eligible employer with a revenue decline of 30% or more in the relevant reference period would receive a CEWS rate of at least 75% or potentially an even higher CEWS rate using the new rules outlined above for the most adversely affected employers (up to 85 %).
 

The rules regarding the interaction of CEWS for Period 5 calculations and its interaction with previous periods can be complex. Please reach out to us for advice on your eligibility.

Eligible Remuneration:

  • Period 4 → pre-crisis remuneration of an employee would be based on the average weekly remuneration paid to the employee from January 1 to March 15, 2020; from March 1, 2019 to May 31, 2019; or from March 1, 2019 to June 30, 2019.
  • Period 5 & Subsequent Periods→pre-crisis remuneration of an employee would be based on the average weekly remuneration paid to the employee from January 1 to March 15, 2020 or from July 1, 2019 to December 31, 2019.
  • In both cases, the calculation of average weekly remuneration would exclude any period of 7 or more consecutive days without remuneration.
  • Employers can choose which period to use on an employee-by-employee basis.
 

Eligible Employers & Employees:

  • Eligible employers include → individuals, taxable corporations and trusts, partnerships consisting of eligible employers, non‐profit organizations and registered charities.
  • Public institutions are generally not eligible for the subsidy
  • As of May 15, 2020, also includes the following:
    • Partnerships that are up to 50% owned by non-eligible members;
    • Indigenous government-owned corporations that are carrying on a business, as well as partnerships where the partners are Indigenous governments and eligible employers;
    • Registered Canadian Amateur Athletic Associations;
    • Registered Journalism Organizations; and
    • Non-public colleges and schools, including institutions that offer specialized services, such as arts schools, driving schools, language schools or flight schools.

Effective July 5, 2020:

  • Eligibility criteria would no longer exclude employees that are without remuneration in respect of 14 or more consecutive days in an eligibility period.

Update regarding COVID-19

Update regarding COVID-19

We would like to inform you that our office has reopened. However, in order to ensure the health and safety of our clients and employees, we greatly encourage that visits are by appointment only.

If you wish to drop-off information, we have a dropbox available to receive documents in a contactless manner.

If you wish to set up or change an existing meeting, or have any other inquiries, please do not hesitate to call or email our office.

We ask that you refrain from visiting our office if you have been exposed to the Coronavirus (COVID-19), have travelled by plane or outside the country within the last two weeks, or do not feel well. If you are feeling unwell, we hope you feel better soon.

If you have any questions, we are here to help. Please call or email us for assistance.

We would like for you to know that, during these difficult times, we will continue to strive to provide you with the highest level of service possible.

We thank you for your co-operation and understanding in this matter.

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