Release of updated CRA CEWS Calculator and Other CEWS Guidance

On August 11, 2020, the Canada Revenue Agency (“CRA”) released an updated CEWS calculator,  CEWS support page and significantly expanded CEWS FAQs.  The CRA also announced that applications for period 5 (i.e., July 5 to August 1) will open August 17, 2020.

The new CRA guidance reflects amendments to the Canada Emergency Wage Subsidy (“CEWS”) made pursuant to Bill C-20, An Act respecting further COVID-19 measures (“Bill C-20”), which received Royal Assent on July 27, 2020.

Detailed commentary from our Firm on the CEWS, including as amended by Bill C-20, can be found here.