Starting April 27, 2020, eligible employers, including individuals, corporations and nonprofits, may apply for the Canadian Emergency Wage Subsidy (CEWS). This allows Canadian employers who have been impacted by COVID-19 to receive a subsidy of up to 75% to cover employee wages for the period retroactive March 15, 2020 to November 21, 2020. See HERE for the new changes
For claim periods 1 to 4 (March 15 to July 4, 2020), you must meet a minimum of 15% (period 1) or 30% (periods 2 to 4) revenue drop to qualify for the subsidy. The subsidy rate is 75% of eligible employees' remuneration, up to a maximum of $847/week per eligible employee.
There are new changes to CEWS as of claim period 5 and later (July 5 to November 21, 2020). The subsidy rate varies, depending on how much your revenue dropped, and if your revenue drop was less than 30% you can still qualify and keep getting the subsidy as employees return to work and your revenue recovers.
The online CEWS calculator can be used to help estimate your subsidy amount. Applications can be submitted through various means, including the CRA. For additional information on eligibility and how to apply, visit the Government of Canada CEWS page.