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ARTICLE · 11 APRIL 2020

COVID-19: Cross Country Update (April 1, 2020)

Miller Thomson
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The Government has announced a wage subsidy of 75% of employee wages, to reimburse employers with qualifying businesses, for up to 12 weeks, retroactive to March 15, 2020.

CanadaCoronavirus (COVID-19)

Federal

The Government of Canada announced the following measures:

Canada Emergency Wage Subsidy

The Government has announced a wage subsidy of 75% of employee wages, to reimburse employers with qualifying businesses, for up to 12 weeks, retroactive to March 15, 2020.  The following details were announced today:

  • The Canada Emergency Wage Subsidy (Subsidy) would apply at a rate of 75% of the first $58,700 normally earned by employees (or a benefit of up to $847 per week).

    • Eligible remuneration may include salary, wages, and other remuneration. These are amounts for which employers would generally be required to withhold or deduct amounts to remit to the Receiver General on account of the employee's income tax obligation. It does not include severance pay, or items such as stock option benefits or the personal use of a corporate vehicle.

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