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Federal government announces details of emergency wage subsidy program

NOTE: This opportunity has expired or is an event which has already taken place.

Canada Emergency Wage Subsidy details, as announced on April 1:

  • Applies at a rate of 75 per cent of the first $58,700 normally earned by employees – representing a benefit of up to $847 per week.

  • The program would be in place for a 12-week period, from March 15 to June 6, 2020.

  • Eligible employers who suffer a drop in gross revenues of at least 30 per cent in March, April or May, when compared to the same month in 2019, would be able to access the subsidy.

  • Eligible employers would include employers of all sizes and across all sectors of the economy, with the exception of public sector entities.

  • An eligible employer’s entitlement to this wage subsidy will be based entirely on the salary or wages actually paid to employees. All employers would be expected to at least make best efforts to top up salaries to 100% of the maximum wages covered.

  • Those organizations that do not qualify for the Canada Emergency Wage Subsidy may continue to qualify for the previously announced wage subsidy of 10 per cent of remuneration paid from March 18 to before June 20, up to a maximum subsidy of $1,375 per employee and $25,000 per employer.

For more information, click here and here. More details about the application process will be made available shortly.

For a full roundup of relevant supports, click here.

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