Canada Emergency Wage Subsidy is extended for four weeks

Chrystia Freeland, the Deputy prime minister and Minister of finance / Global Korean Post

Canada Emergency Wage Subsidy is extended for four weeks

 

Sept. 1, 2020

Global Korean Post

 

The Government of Canada is extending Canada Emergency Wage Subsidy support for furloughed employees for four weeks.

 

The Canada Emergency Wage Subsidy (CEWS) has supported more than 3 million Canadians since the start of the COVID-19 pandemic, providing support to businesses so they can keep their workers, including furloughed workers, on the payroll.

 

To help support workers and provide certainty for employers, Deputy Prime Minister and Minister of Finance, Chrystia Freeland,  announced that the government proposes to extend the current treatment of furloughed employees under the CEWS program by 4 weeks – from August 30 to September 26.

 

The application deadline for the Canada Emergency Business Account (CEBA) is extended from August 31 to October 31, 2020.

 

 

The Deputy Prime Minister is also announcing that the Business Credit Availability Program (BCAP) is extended to June 2021. Through BCAP, the government is supporting the flow of additional credit that businesses need to maintain operations and keep employees on the payroll

 

Export Development Canada (EDC) and the Business Development Bank of Canada (BDC) will continue to work with lenders to support access to capital for Canadian businesses of all sizes in all sectors and regions.

 

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