ent® Chartered Professional Accountants Blog

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COVID 19 CEWS Update April 21, 2020

parliamentThe Federal Government has announced that the portal for applying for the CEWS -75% wage subsidy will be open on April 27, 2020.

When you apply for the Canada Employment Wage Subsidy (CEWS), you will be asked to enter amounts such as the number of eligible employees and gross payroll. To get ready, you can determine these amounts and preview your subsidy claim, based on the information you enter. The calculator is a tool to help you estimate the amount of your wage subsidy.

Before you calculate your subsidy, make sure that you are eligible to apply.

After you apply for the wage subsidy, your claim will be subject to verification.

Link to CRA calculator

At first glance, it looks intimidating, however, if you take your time and review each section you will find that it walks you through each step of the process.

 

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Friday, 29 March 2024