Canada Emergency Wage Subsidy (CEWS)

 Update: On July 17, the government announced changes to the CEWS.

August 17, 2020

The Canada Revenue Agency (CRA) has launched the CEWS to help employers keep and re-hire workers during the challenges posed by the COVID-19 pandemic.

Initially, Canadian employers were eligible for a subsidy of 75% of employee wages for up to 24 weeks, retroactive from March 15, 2020 to August 29, 2020.

On July 17, the government announced changes to the CEWS, including the extension of the wage subsidy for an additional 24 weeks until November 21, 2020. Eligible employers who had any drop in revenue can now qualify for the wage subsidy, starting with the claim periods that began July 5.

The government is accepting online applications for the CEWS programOpens a new window in your browser..

For a faster funding experience and to avoid delays and holds on cheques, register for direct deposit with CIBC’s CRA Direct Deposit through CIBC Cash Management Online or CIBC Online Banking® for Business.

For program details, read the FAQ. To apply for CEWS, go to CRA Canada Emergency Wage Subsidy (CEWS).

We encourage you to contact the CRA directly if you have any questions at this time.

Check out CIBC’s report (PDF, 215 KB) Opens a new window in your browser.  on wage subsidy programs and how they might apply for your business.