Today, April 1, 2020, the Canadian government has released further information on the 75% wage subsidy: The subsidy is concurrent with the 10% subsidy, ie. if you do not qualify for the 75% subsidy, you can still continue to take the 10% subsidy.To be eligible, you must have a reduction of 30% of your gross…
Tag: Covid
Temporary Wage Subsidy for Employers - New information from CRA
On this page What is the Temporary Wage Subsidy for Employers?Which employers are eligible?How much is the subsidy?How do I calculate the subsidy?How will I receive the subsidy?When can I start reducing remittances?What if subsidies exceed the remittances?Will the subsidy affect deductions from my employees?What if I don’t reduce remittances during the year?What books and…