Temporary Wage Subsidy for Employers ### 📋 Eligible Entities - Canadian employers (corporations, partnerships, sole proprietors) - Registered charities - Non-profit organizations - Canadian-controlled private corporations (CCPCs) - Businesses that experienced a revenue decline due to COVID-19 - Employers with a Canadian business number (BN) and a CRA payroll account Exclusions: - Non-resident employers - Businesses that did not meet eligibility criteria during the specified period ### 💰 Funding Details | Aspect | Details | |--------|---------| | Maximum Grant | $25,000 per employer | | | $1,375 per eligible employee (maximum) | | Subsidy Rate | 10% of remuneration paid | | Eligible Period | March 18, 2020 – June 19, 2020 | | Repayability | Non-repayable grant (no repayment required) | | Matching Ratio | No matching contribution required from employer | ### 🛠️ Approved Expenses - Eligible wages: Remuneration paid to employees (salaries, wages, and taxable benefits) - Payroll-related costs during the March 18 – June 19, 2020 period - Employee compensation for work performed during the subsidy window Note: Subsidy covers 10% of total remuneration paid, up to the maximum per employee. ### ⚠️ Conditions & Milestones | Requirement | Description | |-------------|-------------| | Application Deadline | June 19, 2020 (retroactive program) | | Revenue Decline | Employer must have experienced reduced revenue due to COVID-19 | | CRA Registration | Must have valid Canadian Business Number and active payroll account | | Documentation | Must provide payroll records and employee information | | Attestation | Employer must declare eligibility and accuracy of submitted information | | Reconciliation | Funds subject to CRA audit and verification | | **