As a Canadian employer whose business has been affected by COVID-19, you may be eligible for a subsidy of 75% of employee wages for up to 12 weeks, retroactive from March 15, 2020, to June 6, 2020. To be eligible to receive the wage subsidy, you must:
be an eligible employer
have experienced an eligible reduction in revenue, and
have had a CRA payroll account on March 15, 2020
What is an eligible revenue reduction You must determine if your reduced revenue makes you eligible to apply for the wage subsidy in a particular period. If you determine that you qualify for the CEWS for one claim period, you will automatically qualify for the following claim period. Calculate your reduction by comparing your eligible revenue for the starting month of the claim period with your baseline revenue. Your baseline revenue is either:
the revenue you earned in the corresponding month in 2019, or
the average of the revenue you earned in January and February, 2020
You must choose one of these baseline revenue options for your method of comparison and will not be able to change it for your subsequent calculations for the other 2 periods. Required revenue reduction for March 2020 - 15%, for April and May 2020 - 30% When to expect your payment You can generally expect to receive your payment within 10 business days if you are registered for direct deposit on your payroll account. For detailed instructions please see link below https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-wage-subsidy.html Please contact our office if you need assistance with the application.