Canada Emergency Wage Subsidy Applications Begin April 27
Employers can begin applying the Canada Emergency Wage Subsidy beginning April 27. The wage subsidy has been put in place to enable employers to rehire workers who were previously laid off as a result of COVID-19, to help prevent further job losses and to put employers in a better position to resume normal operations after the pandemic. The subsidy provides for payment of 75% of an employees wages, up to a maximum of $847 per week, for a period of 12 weeks, retroactive to March 15. Eligibility for the subsidy is determined based on a revenue reduction of 15% in March and 30% in April and May. Applications are made through the CRA. To be ready to apply, ensure that you are registered for a CRA My Business Account. For calculating your subsidy and more details on how to apply click here.
Changes to Provincial and Federal Covid-19 Benefits happen rapidly and often. We update our helpful Benefit Chart just as frequently. Stay current on the most essential benefits available by visiting our Chart. We’ll be posting on LinkedIn whenever it is updated. Or you can find it on the Harper Grey COVID-19 Resource Hub – check it out here.
This post was authored by Rose Keith, QC. Please don’t hesitate to contact her at email@example.com or anyone else listed on the authors page.