Canada Emergency Wage Subsidy

Please review the following financial measures provided by the Government of Canada in dealing with COVID19. The Canada Emergency Wage Subsidy The federal government has announced a wage subsidy to cover 75% of salaries for businesses that qualify for up to 3 months. The subsidy is retroactive to March 15, 2020. The purpose of the wage subsidy program Read more…

Temporary Wage Subidy

CRA has produced a temporary wage subsidy on income taxes withheld on payroll not CPP and EI. The subsidy can only be used by Canadian Controlled Private Corporations.  This is only for existing payroll account not new accounts set up.  CRA is applying a subsidy for wages paid to employees between March 18, 2020 and Read more…