So basically after August 29th, the CEWS payments for furloughed employees will just be equal to EI/CERB?
I had a look at the changes. Not sure where you got this from.
“Beginning in Period 7, CEWS support for furloughed employees would be adjusted to align with the benefits provided through the Canada Emergency Response Benefit (CERB) and/or Employment Insurance (EI). This would ensure equitable treatment of employees on furlough between both programs, provide greater clarity to workers as to their compensation as compared to a changing subsidy rate based on their employer’s revenue in a given month and, when combined with draftlegislative changes to the interaction with the CERB (i.e., the elimination of the 14-days rule, as discussed below), make it easier to transition employees on to CEWS so that they are reconnected with their employer.“
Inverted2 wrote: ↑Fri Jul 24, 2020 4:00 pm
So the coles notes version is the ~$850 max a week CEWS is going to transition to the $500 a week CERB?
CEWS ends August 29.
CERB ends October 03.
Then EI.
Was CEWS not recently extended until mid-December?
Yes it's not done as the other guy claimed. Its just that it will be a maximum of 45% (instead of the 75% it is now) DEPENDING on how much revenue the company has lost. So could be nothing as well
flyingcanuck wrote: ↑Fri Jul 24, 2020 8:11 pm
Yes it's not done as the other guy claimed. Its just that it will be a maximum of 45% (instead of the 75% it is now) DEPENDING on how much revenue the company has lost. So could be nothing as well
True.
While still technically enrolled in CEWS, after August 29th a furloughed employee will be capped at a benefit level equivalent to CERB or EI (whichever is higher in an individual case). This revised benefit will be available until November or December, based on enabling legislation. After that, it will be transition to traditional EI.
So the people that, with a bit of penny pinching, have been able to survive on CEWS are now going to also have to find, in addition to the CEWS, at least part time jobs. Taking those same jobs from the people who are trying to come off the CERB. Yeah this makes perfect sense.
Launchpad1 wrote: ↑Sat Jul 25, 2020 5:18 am
So the people that, with a bit of penny pinching, have been able to survive on CEWS are now going to also have to find, in addition to the CEWS, at least part time jobs. Taking those same jobs from the people who are trying to come off the CERB. Yeah this makes perfect sense.
It's essentially replacing the CERB which is broken because companies are actually having trouble getting people back to work. Yes really. The Manitoba government is actually offering people on CERB a lump sum payout to people who will get off CERB and go back to work.
Buddy of mine ownes a construction company and cannot get any of his workers on CERB to come back. 2K a month to sit on your arse, sun tan and drink beer is killing the employers now.
CERB is not taxed at source. It is taxable next year however which will bite everyone refusing to go to work in the arse. In addition, when the business survey goes out on whether you offered employment back to your employees, did they take the employment or not. That will really kick them in the nuts as the government may roll back the CERB payments.
sstaurus wrote: ↑Thu Jul 30, 2020 6:24 am
Really? I’m still surprised Circa $1500 after tax is enough to do anything with...
So what's going to happen at the end of the year when the CERB has ended and all these people who've been on it for about 6 months then get a big tax bill. Hopefully the government gives people a long time to pay it off.
