A temporary wage subsidy has been announced for small businesses for 3 months, equal to 10% of remuneration paid during that period, up to a maximum subsidy of $1375 per employee and $25,000 per employer. Eligibility for this subsidy includes employers that are eligible for the small business deduction as well as not-for-profits and charities. The subsidy will be applied immediately to eligible payroll remittances.
The EI Work-Sharing Program provides benefits to workers who agree to reduce their normal working hours. Eligibility to this program has been increased and access is being streamlined.
For more information about Wage Subsidy and Work-Sharing Programs, visit https://www.canada.ca/en/employment-social-development/corporate/notices/coronavirus.html.