This translation has been automatically generated and has not been verified for accuracy.The Canada Revenue Agency released the names of all companies that received the Canada Emergency Wage Subsidy on Monday, and urged employees to report any suspicious activities related to the pandemic-relief program, which has paid out more than $54-billion since April.. The information shows only the names of the companies. It does not indicate the amount of the subsidy, or when it was received.
Under the heading “information for employees,” the CRA states “if you have reason to believe a CEWS applicant is misusing the subsidy, you can report suspicious activities to the CRA.” Clicking a link goes to a page on how to report “suspected tax or benefit cheating in Canada.” Before the release of the database, the CEWS recipients that had been identified were mainly large public companies that revealed such information through routine disclosures of revenue and expenses.
A recent review of CEWS disclosures by the Financial Post found that at least 68 publicly traded Canadian companies continued to pay out shareholder dividends while receiving the wage subsidy. The review found those companies got at least $1-billion in CEWS and paid out more than $5-billion in dividends.
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