A federal benefit designed to help businesses cover up to 75% of wages and keep their employees on payroll.
The benefit pays 75% of the first $58, 700 normally earned by employees, up to $847 per week.
The subsidy is expected to last for three months – retroactive from March 15 to June 6, with funds flowing around early May.
Farmers who can show that their revenues have fallen by at least 30% in March, April or May compared to the same months last year will be eligible.
Organizations that don’t qualify for the Canada Emergency Wage Subsidy may still qualify or the previously announced wage subsidy of 10%.
Temporary Wage Subsidy for employers is a three-month measure that will allow eligible employers to reduce the amount of payroll deductions required to be remitted to the Canada Revenue Agency (CRA). The subsidy is equal to 10% of the remuneration you pay from March 18, 2020 to June 19, 2020, up to $1,375 for each eligible employee and to a maximum of $25,000 total per employer
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