3-months 75% wage subsidy for small and medium sized businesses
- For qualifying businesses whose revenue declined 30+% compared to the same month last year for March/April or May to be for up to 12 weeks, retroactive to March 15, to June 6, 2020
- 75% of the first $58,700 benefit of up to $847 a week per employee
- Must reapply each month
- Funds will be available in 6 weeks
Application portal will be opening soon.
Those organizations that do not qualify for the Canada Emergency Wage Subsidy may continue to qualify for the previously announced wage subsidy of 10 per cent of remuneration paid from March 18 to before June 20, up to a maximum subsidy of $1,375 per employee and $25,000 per employer.
(April 1 2020)