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 June 20, 2020.

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 is to help employers that have been hurt by the Covid-19 pandemic and that there is an incentive to keep workers employed.