CEWS calculation changes
Hi, does anyone know if the CEWS calculation has changed over the past month? Looks like the Base Rate calculation has been revised downward between September and October, is that true?
Nov 10th, 2020 10:35 am
Nov 10th, 2020 3:50 pm
Nov 20th, 2020 11:43 am
Nov 20th, 2020 1:21 pm
CRA has stated you can file now and amend once legislation is approved...i personally am not following that course of action but it is an optiomScote64 wrote: ↑ Period 8 (to Oct. 26) is now open for claims, but the spreadsheet calculator hasn't changed since last month. Announced future changes are still pending passage of the bill into law. I wonder if there's any advantage in holding off claiming for period 8?
For Period 7: "The base CEWS rate in period 7 is your revenue drop x1 to a maximum of 50%."
For Period 8: "The base CEWS rate in period 8 is your revenue drop x0.8 to a maximum of 40%."
Nov 20th, 2020 1:43 pm