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NOTE: Bill C-9 has not officially been passed as of the date this article was posted.
Bill C-9 is in the process of being amended and is receiving its first reading in the House of Commons. If passed, this amendment will extend the Canada Emergency Wage Subsidy (“CEWS”) and create the Canada Emergency Rent Subsidy (“CERS”).
Federal Government Minister of Small Business, Export Promotion and International Trade, Mary Ng, announced on October 20, that the Government of Canada will be investing $12 million in the Canada United Small Business Relief Fund (CUSBRF).
Over the course of the last few weeks, the Provincial and Federal governments have launched a range of new economic measures to support businesses stricken by the ongoing COVID-19 pandemic.
CERB and EI Changes
The Canada Emergency Response Benefit (CERB), a temporary response benefit to support Canadians who had to stop working due to the pandemic, has been extended up from 24 weeks to 28 weeks ending September 26, 2020. This extension is for any workers who stopped working due to COVID-19, are eligible for Employment Insurance regular or sickness benefits, or have exhausted their Employment Insurance regular benefits or Employment Insurance fishing benefits between December 29, 2019, and October 3, 2020.
The government announced a series of measures to help Canadians with disabilities navigate the effects of the COVID-19 pandemic, including a one-time, tax-free, non-reportable payment of $600 to assist with expenses incurred during the pandemic.
The government has announced proposed changes to the CEWS that would broaden the reach of the program and help provide better-targeted support. The draft legislative proposals extend the CEWS under new rules through November 21, 2020, with a provision to revisit and allow further application until at least December 19, 2020.
Further to today’s announcement from the Federal Government, the CEBA loans program will now include:
The Federal Government has announced that it has extended CEWS to August 29, 2020, for certain employers. In addition, eligibility for CEWS will be broadened to include additional partnerships and other organizations, as well as proposed amendments to certain calculations to address amalgamations and seasonal workers.
CANADA EMERGENCY RESPONSE BENEFIT:
In response to feedback to the original Canada Emergency Response Benefit (CERB) eligibility requirements needing to be expanded to meet the needs of more individuals, the Federal Government recently announced updates to the rules that will include:
The government has announced changes to the CEWS that will create greater flexibility and access to the relief measures.
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