| | | April 20, 2020 | Calculation of CEWS eligibility using the cash basis of accounting
Thomas Blonde, BSc (Agr), CPA, CA, is a partner at Baker Tilly GWD | On April 11, 2020 the federal government of Canada passed legislation on the Canadian Emergency Wage Subsidy (CEWS). This program, in response to the COVID-19 pandemic, will allow certain qualifying employers to apply for a government subsidy towards payroll costs which would generally offset 75 per cent of each employee’s pre-crisis remuneration up to a maximum benefit of $847 per week.
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Baker Tilly Canada periodically publishes Tax Flash for its clients and associates. It is designed to highlight and summarize the continually changing tax and business scene across Canada. While Tax Flash may suggest general planning ideas, we recommend professional advice always be sought before taking specific planning steps. |
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