COVID-19 Tax Update: Legislation implementing the Canada Emergency Wage Subsidy (CEWS) enacted

On April 11, 2020, Bill C-14 COVID-19 Emergency Response Act, No. 2, was released, passed all stages of reading and received Royal Assent. The legislation amends the Income Tax Act (Canada) to implement the CEWS and contains substantially greater detail on qualifying criteria than had been announced previously. The Department of Finance Backgrounder on the CEWS can be found here.

Our blog on the full scope of the CEWS legislation will be released soon.

Prepared by: Julia Ji

Julia Ji is an associate practising in the firm’s Toronto office. Julia’s practice includes corporate tax advisory, tax planning, business structuring and tax litigation. Prior to joining Thorsteinssons, Julia was a certified digital project manager specializing in enterprise information architecture… more »