April 13, 2020

Two-Step Calculator to Estimate Your Wage Subsidy! Download our calculator and see how much you can get back!

On Saturday, April 11, 2020, parliament held a rare weekend debate to pass Bill C-14, a bill containing legislation for the proposed Canada Emergency Wage Subsidy (“CEWS”). The government chose to enact  CEWS by adding section 125.7 to the Income Tax Act (“Act”). As we will see in this commentary, this was the right decision.