FAQ: Temporary Wage Subsidy for Employers

BRANTFORD, ON, Apr. 3, 2020 –  Have questions about the Federal Government’s recent wage subsidy to support small businesses during the COVID-19 crisis? 

The Federal Government has published an information page for those who would like to know more about these substantive measures.

Find answers to these frequently asked questions:

• What is the Temporary Wage Subsidy for Employers?
• Which employers are eligible?
• How much is the subsidy?
• How do I calculate the subsidy?
• How will I receive the subsidy?
• When can I start reducing remittances?
• Where subsidies exceed payroll remittances
• What if I don’t reduce payroll remittances during the year?
• What books and records do I need to support the subsidy?
• Is the subsidy considered taxable income?
• What if my business is closed?
• What about payroll remittances made to Revenu Québec
• What if I pay tax-exempt remuneration?