Canada Emergency Wage Subsidy
This morning, Prime Minister Trudeau provided important details on the government’s commitment to provide a 75% wage subsidy for businesses impacted by COVID-19.
Canada Emergency Wage Subsidy details include:
- Will cover 75% of salary on the first $58,700 earned, back dated to March 15
- Any business with at least a 30% revenue decrease because of COVID-19 qualifies
- Number of employees does not matter
- It applies to non-profits, charities and companies big and small
The Prime Minister warned that there will be serious consequences for any business that improperly uses this benefit.
Mr. Trudeau also indicated that Minister of Finance, Hon. Bill Morneau, and Minister of Small Business, Hon. Mary Ng, will provide a detailed briefing tomorrow with additional information.
Federal Engagement
As the details of this and other programs become available, Sussex remains on-hand to help connect you with the right people in government to help your organization get through these extraordinary times.
As this situation continues to evolve, we will keep you updated.
For more detail, please reach out to your Sussex representative directly or to the Federal Government Relations Team.
