Many Canadian registered charities will be receiving funds from the Federal government relating to the Canada Emergency Wage Subsidy (CEWS), Canada Emergency Rent Subsidy (CERS) and other programs.
It’s been almost six months since the COVID-19 pandemic hit Ontario. During this time the government has introduced a number of new income support programs and new laws. There was no play book for handling this crisis.
On July 17, 2020, the government of Canada (the “Government”) released details, as well as draft legislative proposals to amend, inter alia, the Income Tax Act (Canada) (the “ITA”), in respect of a redesigned Canada Emergency Wage Subsidy (“CEWS”) program. The legislative proposals, in the form of Bill C-20, An Act respecting further COVID-19 measures (“Bill C-20”), received Royal Assent on July 27, 2020, and are now law.