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Canada Emergency Wage Subsidy: For Employers

On April 1st, Canada’s Minister of Finance held a press conference to provide additional information regarding the new Canada Emergency Wage Subsidy which will provide a 75% wage subsidy to eligible businesses in Canada.

Read the full release here provided by the Department of Finance for additional details and information.

Key Points:

Canada Emergency Response Benefit: For Employees

On April 1, 2020, Employment and Social Development Canada released further details regarding the Canada Emergency Response Benefit (CERB) in response to the COVID-19 pandemic. 

Read the full release here.

This Government release provides important information regarding the application process for this $2,000/month temporary income support and confirms the eligibility requirements for CERB. 

Key Points:

The government release includes a comprehensive Q&A section.

Ford Keast LLP will continue to monitor government releases and will share information that impacts your personal and business income tax matters.  We encourage clients to continue submitting documents to us ELECTRONICALLY, where possible.  Our staff remain working on files and we will process your documents as timely as possible.

Please contact your Ford Keast representative to discuss this article or address any other concerns you may have at this time.