Officials in Canada announced details of the “Canada emergency wage subsidy”—a program intended to help businesses retain employees during the coronavirus (COVID-19) pandemic.
The emergency wage subsidy program provides a temporary 12-week subsidy to employers in an amount equal to 75% of employees' remuneration paid, up to a maximum of $847* per week per employee.
The subsidy is available for eligible employers that have lost at least 30% of revenue due to COVID-19, and will apply retroactively from 15 March 2020 to 6 June 2020. This measure is in addition to the previously enacted 10% temporary wage subsidy to help certain small businesses, which will still be available to eligible employers that do not qualify for the Canada emergency wage subsidy program.
Read an April 2020 report [PDF 198 KB] prepared by the KPMG member firm in Canada
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