Discussions

Okay, I have been looking and reading and I do not understand this CEWS ( Canada employer wage subsidy) all I want to know is the jiff of it. Do you apply during the period when you have a reduction in revenue? Do you have to enter each employee? I was going to call and ask but they are so busy that I would never get through. Does anyone else know who I can call to get the short jiff on how this works?? I see each period has a different loss revenue % or I misunderstood it ( most likely) lol! Also, does it depend on how much of a revenue loss you had it depends on how much they will help with for employee wages? HELP ME!

The first few periods( up to period 5 I believe) you had to have a 30 percent drop in revenue to be eligible and then if you qualified, you got back 75 percent of your eligible wages. After that period, there is no minimum drop in income, but what you receive back is based on how much your income decreased. You have to enter each employee separately. There is a worksheet on the CRA website that walks you through it and will then tell you what your percentages are.

I am so thankful that you responded katie1204. I need things to be simple and you did that for me. I really really thank you!