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CEWS vs. CERB: How the two benefits fit together and who may have to return payments
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First there was the Canada Emergency Response Benefit(CERB), a $2,000-a-month benefit designed to quickly put cash into the pockets of millions of unemployed Canadians amid the novel coronavirus pandemic.
Now, Ottawa has also rolled out the Canada Emergency Wage Subsidy, for which applications opened April 27. The CEWS, which has a much more complicated design, covers 75 per cent of employee wages for eligible businesses that saw dramatic declines in revenue after provincial governments forced many businesses to close in an effort to curtail the spread of the virus.
The subsidy is capped at $847 per week per worker for a period of up to 12 weeks, starting retroactively on March 15 and ending on June 6.
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