Royal Assent is received for the Canadian legislation to support Canadian workers, businesses & disabled

The legislation proposed by Canadian government, i.e. Bill C-20, an Act respecting further Covid-19 measures has now received the Royal Assent as well. It will make certain that CEWS (Canada Emergency Wage Subsidy) make sure that Canadian workers and businesses are in a better position as Canadian economy is watchfully progressing, despite being disrupted by recent global pandemic.

 

Likely Impact of Changes proposed in Bill C-20

Precisely, the changes presented in Bill C-20 will:

• Sanction the extension of the CEWS until December 19, 2020, containing redesigned program details until 21 November 2020.
• It will make the subsidy more accessible to a wider range of employers by offering a steadily declining base subsidy to all entitled employers that are facing a decrease in revenues. Great help for struggling employers with less than a 30-per-cent revenue loss. They will get support to keep and bring back workers, while also confirming those who have formerly benefited could still be eligible, even if their revenues improve and no longer meet the 30 per cent revenue decline threshold.
• Announce a top-up subsidy of up to an extra 25 % for employers that have been badly affected by the COVID-19 Pandemic. This will be predominantly helpful to employers in industries that are improving more slowly.
• Give confidence to employers that have already made business decisions for July & August by making certain that will not receive a subsidy rate lower than they would have under the previous rules.
• Address technical problems with the CEWS recognised by stakeholders, for example by offering steadiness rules to address circumstances where an employer purchased all or substantially all of another entity's business assets.
• Make the recommended amendments to the CEWS formerly presented in Bill C-17, An Act respecting additional COVID-19 measures.

These changes will ensure that the revenue of the employer is increased, which will further reflect in the employment status and lifestyle of the common person today.

If you have further queries about the news and updates shared above mentioned news or wish to apply for permanent residency in Canada this year, you may contact us on Toll-Free No. 78-18-000-777 or send us an email at info@visasavenue.com.

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- Rajneesh Kumar