Newest Announcements on Subsidies for Business and Employees

Canada Emergency Wage Subsidy:

  • Eligibility – 15% decline in revenue for month of March (rather than 30% as originally announced) will qualify employers for the subsidy. A 30% decline will still be required for subsequent periods.
  • Eligibility – Employers may also use January or February of 2020 as the benchmark for decline in revenue.
  • Eligibility – NPOs and Charities will have the option to include/exclude government funding in calculating revenue.
  • Aiming to deliver this program within 3 weeks.
  • Parliament will need to be recalled to pass legislation on this subsidy.

Benefits for Individuals:

  • The Prime Minister repeated his previous comments that the CERB (Canada Emergency Response Benefit), while helping many Canadians, does not reach everyone who needs assistance
  • The Government is looking at extending support to seniors, students, individuals who experience a drop in income but are still earning limited amounts, and those working in long term care
  • Enhancements to the Canada Summer Job Program, including:
    • 100% subsidy for students;
    • Extend job placements to winter to consider jobs starting later; and
    • Extend program to allow for part-time workers.
By |2023-12-12T16:24:22+00:00May 7th, 2020|Uncategorized|0 Comments