The situation regarding COVID-19 is changing rapidly, this
post is current as of March 26, 2020.
The Government of Canada announced the first phase of its
economic response plan on March 18, 2020. In the week that
followed, the Government of Canada has made some changes and
provided more details. This blog provides further information on
some of the programs that might be useful to employers.
Temporary Wage Subsidy
The government is providing eligible employers with a temporary
wage subsidy for a period of three months. The subsidy is for 10%
of remuneration paid during that period, up to a maximum subsidy of
$1,375 per employee and $25,000 per employer.
The government has advised that businesses will be able to
benefit immediately from this support by reducing their remittances
of income tax withheld on their employees' remuneration.
Employers benefiting from this measure will include corporations
eligible for the small business deduction, as well as
