{"id":4796,"date":"2020-11-09T19:13:20","date_gmt":"2020-11-10T00:13:20","guid":{"rendered":"https:\/\/amyotgelinas.com\/update-canada-emergency-wage-subsidy-cess\/"},"modified":"2026-02-13T16:59:57","modified_gmt":"2026-02-13T21:59:57","slug":"update-canada-emergency-wage-subsidy-cess","status":"publish","type":"post","link":"https:\/\/amyotgelinas.com\/en\/update-canada-emergency-wage-subsidy-cess\/","title":{"rendered":"UPDATE: Canada Emergency Wage Subsidy (CESS)"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><br\/>REMINDER<\/h2>\n\n<p><strong>Possibility of applying in 4-week periods since the first period began on March 15, 2020;<\/strong><\/p>\n\n<p>Based on sales decline calculated on a monthly basis for the full months of 2020. The required decline is : <\/p>\n\n<ul class=\"wp-block-list\">\n<li>Month of March: 15% (qualifies for a subsidy of 75% of remuneration)<\/li>\n<li>Months of April, May and June: 30% (qualifies for a subsidy of 75% of remuneration)<\/li>\n<li>July and following: no minimum drop required. On the other hand, the % subsidy will depend on the drop in sales, with a factor of between 0.8x and 1.2x the drop in sales. <\/li>\n<\/ul>\n\n<p>There are two reference periods for calculating sales:<\/p>\n\n<p><strong>Corresponding month of 2019;<\/strong><\/p>\n\n<p><strong>Average for January and February 2020.<\/strong><\/p>\n\n<p>Possibility of changing reference period to Period 5.<\/p>\n\n<p>For example: take the average of January and February from Period 1 to Period 4 and take the corresponding month of 2019 from Period 5.<\/p>\n\n<p>Automatic qualification for the following month following a qualification of a drop in sales over a period. Even if there is an increase in sales for that month. <\/p>\n\n<h2 class=\"wp-block-heading\">NEW<\/h2>\n\n<ul class=\"wp-block-list\">\n<li>Maximum subsidy rate frozen at 65% for periods 9 and 10 (November and December). The maximum rate is reached with a drop in income of around 70%. <\/li>\n<\/ul>\n\n<ul class=\"wp-block-list\">\n<li>Extension of the program until June 2021 according to criteria yet to be determined.<\/li>\n<\/ul>\n\n<ul class=\"wp-block-list\">\n<li>The application deadline for the first periods is January 31, 2021.<\/li>\n<\/ul>\n\n<p>If you have any questions about this update, please contact <strong>Gustave Legault-Brousseau, CPA, CMA, Senior Financial Analyst at Amyot G\u00e9linas at 450 971-1550 ext. 3472.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>REMINDER Possibility of applying in 4-week periods since the first period began on March 15, 2020; Based on sales decline calculated on a monthly basis for the full months of 2020. The required decline is : Month of March: 15% (qualifies for a subsidy of 75% of remuneration) Months of April, May and June: 30% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[133,153,134],"tags":[],"class_list":["post-4796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-financing","category-covid-19-archives","category-did-you-know-that"],"acf":[],"_links":{"self":[{"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/posts\/4796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/comments?post=4796"}],"version-history":[{"count":1,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/posts\/4796\/revisions"}],"predecessor-version":[{"id":4800,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/posts\/4796\/revisions\/4800"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/media\/4798"}],"wp:attachment":[{"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/media?parent=4796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/categories?post=4796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/tags?post=4796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}