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Apr 3

Canada Emergency Wage Subsidy

Posted on Apr 3 By: Victoria Decker
  • A federal benefit designed to help businesses cover up to 75% of wages and keep their employees on payroll.
  • The benefit pays 75% of the first $58, 700 normally earned by employees, up to $847 per week.
  • The subsidy is expected to last for three months – retroactive from March 15 to June 6, with funds flowing around early May.
  • Farmers who can show that their revenues have fallen by at least 30% in March, April or May compared to the same months last year will be eligible.
  • Organizations that don’t qualify for the Canada Emergency Wage Subsidy may still qualify or the previously announced wage subsidy of 10%.
  • Temporary Wage Subsidy for employers is a three-month measure that will allow eligible employers to reduce the amount of payroll deductions required to be remitted to the Canada Revenue Agency (CRA). The subsidy is equal to 10% of the remuneration you pay from March 18, 2020 to June 19, 2020, up to $1,375 for each eligible employee and to a maximum of $25,000 total per employer 

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