Minister Navdeep Bains regarding the 75% Canada Emergency Wage Subsidy, Frequently Asked Questions:
Is there any cap to the Canada Emergency Wage Subsidy?
The Canada Emergency Wage Subsidy would apply 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.
What employees are eligible?
Payroll employees including full and part-time as well as those on Parental leave.
How is the government identifying the 30% decrease in revenues?
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.
Is this program for a particular sector or company size? Does it support only Canadian Controlled Private Corporations?
Eligible employers would include employers of all sizes and across all sectors of the economy, with the exception of public sector entities.
How do business access the Canada Emergency Wage Subsidy?
Eligible employers would be able to access the Canada Emergency Wage Subsidy by applying through a Canada Revenue Agency online portal. More details regarding how to apply for the program will follow.
What if our company doesn’t qualify for the Canada Emergency Wage Subsidy?
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.