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Canada: Employers may apply for 75% emergency wage subsidy beginning 27 April

Canada: Employers may apply for emergency wage subsidy

Certain employers will be able to apply to receive the 75% Canada emergency wage subsidy starting 27 April 2020.

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The emergency wage subsidy—a temporary relief measure is available to qualifying employers that have lost revenue during the coronavirus (COVID-19) pandemic—generally provides an amount to employers equal to 75% of employees' remuneration paid, up to a maximum of $847* per week per employee, from 15 March 2020 to 6 June 2020.

The Canada Revenue Agency (CRA) announced that it is preparing to accept applications for this subsidy, and has provided additional guidance to help employers calculate their estimated subsidy and to complete and file their applications as of 27 April 2020.

In addition, the CRA notes that employees who have been laid off or furloughed must be rehired and paid before they can be included in the subsidy calculation.

Read an April 2020 report prepared by the KPMG member firm in Canada

*$=Canadian dollar

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