With each passing day during the COVID-19 pandemic, there seem
to be more programs, lists and rules to be aware of. It can feel
overwhelming to keep it all straight, so this blog will focus on
the Federal Government's two wage subsidy programs: the
10% Temporary Wage Subsidy and the 75% Canada Emergency
Wage Subsidy.
The 10% Temporary Wage Subsidy for Employers
The first subsidy program to be announced and
passed into law by the federal government (as of March
25, 2020) was the Temporary Wage Subsidy for
Employers ("TWS"). The TWS is
a three-month measure providing eligible employers with a
subsidy equal to 10% of the remuneration paid to
employees 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.
