This guide provides a very simple overview of each COVID-19 Federal Support Program, with an emphasis on application deadlines. All programs are much more complex than noted below and we encourage you to view our complete list of resources and contact your Bateman MacKay Business Advisor for an in-depth look at each program and if your company may be eligible to receive support.
|Temporary Wage Subsidy (TWS)||Received by reducing payroll remittances which can be done in 2021||10% of wages to a maximum of $25,000 per employer||Employers with a CRA payroll program account as of March 18, 2020||The TWS should be reported on Form PD27|
|Canada Emergency Wage Subsidy (CEWS)||January 31, 2021 or 180 days after the end of the claim period, whichever is later||Up to 75% of wages to a maximum of $847 per week. Maximum subsidy rate varies per period||Employers who have experienced a revenue decline. Minimum decline varies per period||Extended to June 2021. Calculations vary period to period|
|Canada Emergency Business Account (CEBA)||March 31, 2021||$60,000 loan, 33.33% of which may be forgivable||A business in operation as of March 1, 2020 exceeding thresholds for payroll or non-deferrable expenses||Non-forgivable portion must be repaid by December 31, 2022 for forgiveness|
|Canada Emergency Commercial Rent Assistance (CECRA)||Program has ended||75% of rent paid by companies||70% revenue decline April-June 2020||Landlord must apply|
|Canada Emergency Rent Support (CERS)||180 days after the end of each claim period||Up to 65% of rent or property expenses plus a possible 25% top-up for lockdown support||Companies who have experienced a revenue decline||Top-up only for businesses forced to close due to a public health order|
|Claim Period||March 15 - April 11||April 12 - May 9||May 10 - June 6||June 7 - July 4||July 5 - August 1|
|Application Deadline||January 31, 2021||January 31, 2021||January 31, 2021||January 31, 2021||January 31, 2021|
|Program||CEWS||CEWS||CEWS, CERS||CEWS, CERS||CEWS, CERS|
|Claim Period||August 2 - August 29||August 30 - September 26||September 27 - October 24||October 25 - November 21||November 22 - December 19|
|Application Deadline||February 25, 2021||March 25, 2021||April 22, 2021||May 20, 2021||June 17, 2021|
|Program||CEWS, CERS||CEWS, CERS||CEWS, CERS|
|Claim Period||December 20 - January 16||January 17 - February 13||February 14 - March 13|
|Application Deadline||July 15, 2021||August 12, 2021||September 9, 2021|
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