Entries by Armando Iannuzzi

COVID-19: Canada Emergency Wage Subsidy extended beyond June

Prime Minister Justin Trudeau today announced that the Canada Emergency Wage Subsidy—the federal program designed to encourage small to medium-sized employers to rehire or retain employees impacted by the COVID-19 crisis—will be extended beyond the original June 6th end date. A new proposed expiry date for the program has yet to be tabled, with Ottawa […]

COVID-19: Ottawa announces Canada Emergency Commercial Rent Assistance program

The federal government today confirmed an agreement with the provinces to launch the Canada Emergency Commercial Rent Assistance program (CECRA), a new commercial rent relief measure to assist landlords and small businesses struggling due to COVID-19. The measure would reduce rent for small businesses by 75 per cent, while providing loans to mortgaged commercial property […]

COVID-19: Ottawa launches $9 billion student support program

COVID-19 relief funds continue to flow from Ottawa with yesterday’s announcement of a new Canada Emergency Student Benefit, a package to support students and recent graduates not eligible for the Canada Emergency Response Benefit. The nearly $9 billion package is designed to provide assistance to students who are unlikely to find work this summer as […]

COVID-19: How to apply for the Canada Emergency Wage Subsidy

The federal government yesterday announced that it would begin accepting applications for the Canada Emergency Wage Subsidy (CEWS) on April 27th, 2020. Businesses should expect to receive funds in May. Ottawa also released details on how to apply for the CEWS, which for organizations registered with the Canada Revenue Agency, can be managed through their […]

COVID-19: Ottawa enhances Canada Emergency Response Benefit eligibility

Adjustments to new federal relief programs designed to help support Canadians impacted by COVID-19 continues. Prime Minister Justin Trudeau yesterday announced a much-anticipated expansion of the Canada Emergency Response Benefit (CERB), which faced heavy criticism due to eligibility rules that disqualified large swaths of the population. The government has since acted to close many of […]

COVID-19: Federal government passes Canada Emergency Wage Subsidy legislation

After an extraordinarily compressed timeline for debate and amendment, Bill C-14, the legislation to enact the new Canada Emergency Wage Subsidy that will provide relief to employers struggling to remain operational due to COVID-19, has received royal assent. The legislation is highly technical and laden with definitions and exceptions that make it complex—if there was […]

Federal government clarifies CERB eligibility for Canadians seeking COVID-19 relief

By all accounts, today’s rollout of the Canada Emergency Response Benefit (CERB) has gone relatively smoothly. Ottawa estimated that more than 240,000 Canadians, in search of financial support due to the COVID-19 crisis, had successfully applied for the program this morning alone. But at his daily press briefing, Prime Minister Justin Trudeau addressed criticism over […]

Federal government promises to fill ‘gaps’ in Canada Emergency Wage Subsidy

It’s challenging to design a multibillion-dollar piece of legislation at the best of times. Factor in the raging global coronavirus pandemic, a collapsing national economy and a business community in desperate need of support due to COVID-19 business closures, and we can all appreciate the uphill battle facing the federal government as it works to […]