75% Wage Subsidy- Additional Information
|On April 1, 2020 the government released further information about The Canada Emergency Wage Subsidy that will help businesses keep and return workers to their payroll. This will provide a 75% wage subsidy to eligible employers for up to 12 weeks, retroactive to March 15, 2020.
Eligible employers include individuals, taxable corporations, and partnerships consisting of eligible employers as well as non-profit organizations and registered charities.
The subsidy would be available to eligible employers that have a 30% decline in revenue since this time last year. Employers would be required to attest to this by comparing revenues to the same month last year for March, April or May.
|Please click here to read more about The Canada Emergency Wage Subsidy.|