FAQ: Temporary Wage Subsidy for Employers

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?

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