Scenario 1: Assumptions

• Their fiscal year is the calendar year. Not common for theatres, but it simplifies the illustration.

• No employees are considered to be on furlough.

• Two employees earn more than the CEWS max of $847 per week

• Weekly pay period, Sunday to Saturday (same as CEWS uses)

• We’ll look at the 52 paydays between Jan 4, 2020, and Dec 26, 2020. We will ignore year-end payroll accruals. This means our totals will be slightly inaccurate, but the illustration will be simpler.

• Again, for simplicity, we will look only at gross pay and ignore the effects on employer EI and CPP cost.