CRA launches Canada Emergency Wage Subsidy Calculator
Shady Salah – Media in Toronto
The federal government has launched an updated calculator to help employers estimate what help they might receive from the next phase of the Canada Emergency Wage Subsidy (CEWS). The CEWS calculator can be found on the CRA’s Canada Emergency Wage Subsidy web page, which includes detailed information to help employers understand how the CEWS can support their employees and operations, who is eligible to apply, and how claim periods are structured. The calculator uses a step-by-step approach to get employers to enter information about their business situation to provide an estimate of the subsidy they can expect to receive. Employers enter information about their business situation to get an estimate of the subsidy they can expect to receive as they struggle to deal with the effects of the COVID-19 pandemic. Canada Revenue Agency says knowing the amount will help companies to make informed decisions about retaining or rehiring workers. A series of information sessions will be held in the coming weeks. “The Canada Emergency Wage Subsidy has enabled employers across the country to keep or rehire millions of Canadians. The enhanced CEWS program launched today was redesigned to be more flexible and support a wider range of employers,” stated National Revenue Minister Diane Lebouthillier.