Canada Emergency Wage Subsidy Extension Details

June 24, 2020

On May 15th, 2020, the Federal Government announced an extension of the Canada Emergency Wage Subsidy (CEWS) to August 29, 2020. This 12-week extension adds three four-week periods to the CEWS.  Period Four (June 7th to July 4th), which is the first four-week period of the 12-week extension, will have the same eligibility criteria as the previous four-week periods.

To be eligible for Period Four of the CEWS, a business must show a minimum 30% revenue decline in June 2020 compared to June 2019 revenues or an average of January and February 2020 revenues.  Any potential changes to eligibility will apply for Period Five (July 5th to August 1st) and/or Period Six (August 2nd to August 29th).  Additional information about the CEWS extension and any eligibility changes for future periods are expected to be announced shortly.

Period 1Period 2Period 3Period 4Period 5Period 6
Wage Claiming PeriodMarch 15 – April 11April 12 – May 9May 10 – June 6June 7 – July 4July 5 – August 1August 2 – August 29
Revenue ComparisonMarch 2020 over March 2019


March 2020 over January and February 2020 average

April 2020 over April 2019


April 2020 over January and February 2020 average

May 2020 over May 2019


May 2020 over January and February 2020 average

June 2020 over June 2019


June 2020 over January and February 2020 average

Minimum Revenue Decline15%30%30%30%TBDTBD



Stay in Touch!

Sign up for our newsletter and receive tax, accounting, and business advisory resources for your business!