COVID-19 – Update – Temporary 10% Wage Subsidy

The Government of Canada has created a three-month measure called the "Temporary 10% Wage Subsidy" to reduce the amount of the payroll deduction required to be remitted to the Canada Revenue Agency ("CRA"). The Temporary 10% Wage Subsidy is equal to 10% of the renumeration that an eligible employer pays from March 18, 2020 to June 19, 2020, up to $1,375 for each eligible employee to a maximum of $25,000 total per employer. Eligible employers are:

• are a(n):
  • individual (excluding trusts),
  • partnership,
  • non-profit organization,
  • registered charity, or
  • Canadian-controlled private corporation (including a cooperative corporation);

• have an existing business number and payroll program account with the CRA on March 18, 2020; and