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ARTICLE · 31 MARCH 2020

The Federal Temporary Wage Subsidy – COVID-19

MacDonald & Associates
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Prime Minister Justin Trudeau announced that the federal Temporary Wage Subsidy for qualifying small and medium-sized businesses will be increased up to 75% from a previously announced 10% subsidy last week.

CanadaEmployment and HR
Natalie MacDonald
Natalie MacDonald
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The emergency wage subsidy program will be available to employers regardless of size and total number of employees on payroll. It will also be available to non-profitable organizations and charities.

To receive a wage subsidy, the business must have had at least a 30% decrease in revenue as a result of the COVID-19 pandemic. The government subsidy will cover up to 75% on the first $58,700 that an employee earns (or up to $847/week). The wage subsidy will be available retroactively to March 15, 2020.

It is not yet clear when the wage subsidy will be available to businesses, as the federal government is still working out the details. Further details on the Canada Emergency Wage Subsidy are expected.

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