WebAug 20, 2024 · Employers can compute their revenue drop for CEWS purposes by using the general approach (i.e. year-over-year … WebApr 11, 2024 · Employers must choose whether they will use the year-over-year comparison approach, or the average of their revenue earned in January and February …
Canada Emergency Wage Subsidy (CEWS) Grant Thornton
WebMar 3, 2024 · Note that if you are filing using February 2024 revenues, the comparison will be to February 2024 but if you file using March 2024 numbers, the comparison will be to … WebMar 15, 2024 · In period 8 (September 27, 2024 October 24, 2024) an eligible employer’s three-month revenue reduction percentage in July, August and September 2024 compared to July, August and September 2024 was 61.11%. In this case, the top-up percentage will be 13.89%, which is the lesser of 25% and 13.89% (1.25 x (61.11% - 50%)). fxnworks.com/account
Tax Insights: Canada Emergency Wage Subsidy and Canada …
WebSep 27, 2024 · The 14 qualifying periods of the CERS are: Period 1 — September 27 to October 24, 2024 Period 2 — October 25 to November 21, 2024 Period 3 — November 22 to December 19, 2024 Period 4 — December 20, 2024 to January 16, 2024 Period 5 — January 17 to February 13, 2024 Period 6 — February 14 to March 13, 2024 Period 7 … WebOct 11, 2024 · Periods 5 and beyond For periods 5 and later the CEWS amount is based on the percentage of lost revenue using a choice of a comparison period. This allows businesses who have had a less than 30% loss in revenue to participate in the program, while those with greater than 50% lost revenue can be eligible for an even higher rate … WebMar 3, 2024 · Note that if you are filing using February 2024 revenues, the comparison will be to February 2024 but if you file using March 2024 numbers, the comparison will be to March 2024. Filings for periods 16 and 17, whether using the current or immediate past month, will be compared to 2024 revenues. glasgow hall auditorium at the nps