In light of the economic impact of the COVID-19 pandemic, the Government of Canada has announced it is proposing a temporary wage subsidy to small businesses and non-profits. We encourage all affected businesses and non-profits in our community to read this notice, and see the Government of Canada's update on COVID-19 relief for related information:
Helping Businesses Keep their Workers
To support businesses that are facing revenue losses and to help prevent lay-offs, the government is proposing to provide eligible small employers a temporary wage subsidy for a period of three months. The subsidy will be equal to 10% of remuneration paid during that period, up to a maximum subsidy of $1,375 per employee and $25,000 per employer. Businesses will be able to benefit immediately from this support by reducing their remittances of income tax withheld on their employees’ remuneration. Employers benefiting from this measure will include corporations eligible for the small business deduction, as well as non-profit organizations and charities.