What does it cover?
- CEWS applications for periods 1-5 (ending August 1, 2020) is January 31, 2021.
- To amend or revoke elections of related revenue decline computation for periods 1-5.
- Period 5 locks the election in determine revenues for the future periods (January and February). The first method is month to month comparing period in 2020 to its 2019 counterpart. The second method compares one of the eligible months in a period to 2020 January - February average revenue.
Once you choose the method, you must stay consistent in your calculations for Periods 5-9
