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

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