COVID-19 – Canada’s Temporary Wage Subsidy (CTW)– FAQ

Temporary Wage Subsidy Summary The subsidy was effective March 18, 2020 and is equal to 10% of the employee wages to a maximum of $1,375 per employee and $25,000 per employer.This benefit will reduce an employer’s remittance of payroll withholdings to CRA.Eligible employers include corporations eligible for the small business deduction, non-profit organizations, charities, partnerships… Continue reading COVID-19 – Canada’s Temporary Wage Subsidy (CTW)– FAQ

COVID-19 – Canada’s Emergency Wage Subsidy (CEWS) – FAQ

We caution readers that due to the fluidity of the situation that the information may change on a daily basis. We will continue to update the examples as new information is provided. This post was revised on April 5th, 2020. On April 1, 2020, the Federal Government provided details on two subsidy programs connected to COVID-19, the Canada… Continue reading COVID-19 – Canada’s Emergency Wage Subsidy (CEWS) – FAQ

Temporary Wage Subsidy for Employers

1. What is the Temporary Wage Subsidy for Employers? The Temporary Wage Subsidy for Employers is a three-month measure that will allow eligible employers to reduce the amount of payroll deductions required to be remitted to the Canada Revenue Agency (CRA). 2. Which employers are eligible? You are an eligible employer if you: are a… Continue reading Temporary Wage Subsidy for Employers

CANADA’S COVID-19 ECONOMIC RESPONSE PLAN – KEY POINTS FOR BUSINESSES AND INDIVIDUALS

Canada's COVID-19 Economic Response Plan March 18 20203/19/2020 CANADA’S COVID-19 ECONOMIC RESPONSE PLAN – KEY POINTS FOR BUSINESSES AND INDIVIDUALSSince the beginning of March, restrictions and measures related to COVID-19 have rapidly escalated. While the first stages focused on public health and safety, in very short order, businesses and personal finances began to be affected. It… Continue reading CANADA’S COVID-19 ECONOMIC RESPONSE PLAN – KEY POINTS FOR BUSINESSES AND INDIVIDUALS