Canada Emergency Wage Subsidy (CEWS)

May 15, 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.

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

The government is now 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.

COVID-19 relief update — CEWS supporting Canadian businesses

What is the CEWS?

Who is eligible?

How can I apply and register for direct deposit?

Questions?

Senior Executive Vice-President and Group Head,
Commercial Banking and Wealth Management