Attention PJVA Members and Nonmembers,
Apologies for the last minute notice but we hope you can join us on ZOOM for an Early Morning Session (EMS) next Wednesday, September 30, 2020 at 7:30 am to discuss the Canada Emergency Wage Subsidy (CEWS).
In March of this year, the Federal Government introduced the Canada Emergency Wage Subsidy (CEWS) to help employers re-hire workers, and help prevent further job losses. What this means is companies can apply for and may be eligible for a subsidy to cover part of their employee wages. The question for us in the Joint Venture world is: Should the Operator be required to pass these subsidies on to their partners in Joint Operations? Other issues are:
- Is the Operator responsible for notifying their partners that they have applied for and received subsidies for employees charged to the joint operations.
- Does the Operator have a responsibility to apply for this subsidy since there are potential cost savings to the Joint Operations?
- Do the various current industry agreements, and related Accounting Procedure, address this?
This is not a presentation of all the answers to these issues but rather it is a gathering of information by members on what they are currently doing in their own companies. Participants are requested to provide their questions to Douglas Klug and hopefully be prepared to discuss what they are doing in their companies prior to the EMS.
Register in advance for this meeting: https://securegs.com/registerEvents?eID=6657
This is a free event for PJVA Members; Nonmembers pay $10 plus gst
After registering, you will receive a confirmation email containing information about joining the meeting.