Today, Prime Minister Justin Trudeau announced a new set of
economic measures to help protect the economy from the damage
caused by COVID-19. Included in the Government's package is a
set of tax measures designed to provide immediate relief to
businesses and individuals that may be facing hardship during this
difficult time.
Support for Businesses
To support businesses that are facing revenue losses and to help
prevent layoffs, the Government is proposing to provide eligible
employers a temporary wage subsidy for a period of three months.
The subsidy will be equal to 10% of remuneration paid to an
employee during that period, up to a maximum subsidy of $1,375 per
employee and $25,000 per employer. Businesses will be able to
benefit immediately from this support by reducing their remittances
of income tax withheld on their employees' remuneration, but
source deductions must still be remitted on time. Employers
benefiting from this measure will include corporations
