However, this could be problematic for a group of
baseline remuneration, up to the weekly cap of $847, as the CEWS
This could cause some anxiety where any action or
Your use of the Website and/or Services constitutes your agreement to the Terms. TORONTO, Aug. 7, 2020 /CNW/ - …
the relevant prior reference period. the requisite decline in qualifying revenue. No election is required. whether an applicant meets the revenue reduction condition under
respect of this second rule in paragraph 125.7(4)(b) of the
employed in Canada during a qualifying period can be an eligible
provision with an anti-avoidance rule that will apply where it is
expanded to include a number of employer entities that may not have
Mondaq and/or its Contributors and other suppliers hereby exclude and disclaim all representations, warranties or guarantees with regard to the Content, including all implied warranties and conditions of merchantability, fitness for a particular purpose, title and non-infringement. subsequent qualifying periods, the government is also proposing to
program has now been extended until at least August 29, 2020. They may also use it to provide Mondaq users with information about their products and services. the changes discussed above, which were made by way of regulation,
The CEWS will then cover 75% of the employee's
The following information applies to what RCC refers to as “Phase 1” of the CEWS program, i.e., the rules that were and remain in effect for the period March 15, 2020 to July 4, 2020.
Such events, occurrences or causes will include, without limitation, acts of God, strikes, lockouts, server and network failure, riots, acts of war, earthquakes, fire and explosions. Notably, eligible entities must maintain a 50% ownership stake in
the anti-avoidance rule would then turn on a purpose test, which
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In particular, we
requirement.The CRA has indicated that it will be possible to file
On the
election.
remuneration serves two critical purposes in determining the amount
are normally prepared for a group of eligible entities. The legislation would deem the qualifying revenue
For
reducing the qualifying revenue for March 2020. has confirmed that a non-resident that is exempt from Canadian
Mondaq may terminate your use of the Website and Services if you are in breach of these Terms or if Mondaq decides to terminate the licence granted hereunder for any reason whatsoever.To Use Mondaq.com you must be: eighteen (18) years old or over; legally capable of entering into binding contracts; and not in any way prohibited by the applicable law to enter into these Terms in the jurisdiction which you are currently located.
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