The Department of Finance has now extended the Canada Emergency Wage Subsidy (“CEWS”) and Canada Emergency Rent Subsidy (“CERS”) programs, which were previously set to expire September 25, 2021, as well as increased the wage and rent subsidy rate for Period 20. This tax alert summarizes the COVID-19 measures impacted by the July 30, 2021 Finance Release. The full document is linked below:
Please contact your Ford Keast advisor if you require additional information or are unsure about any items contained in these updates. We can assist in determining how these items relate to your specific situation and provide information related to the application process where applicable.