I recently wrote a detailed blog on the Canada Emergency Wage Subsidy (“CEWS”). You can read this blog here.
The Canada Revenue Agency (“CRA”) has since launched an online calculator which allows you to determine the amount of wage subsidy you can claim through the CEWS. This calculator also provides information on how the subsidy will be calculated. You can use the information generated by the calculator to complete the wage subsidy application.
You can apply for the wage subsidy through your CRA My Business Account as of 6am EST on Monday, April 27, 2020.
You can use the CRA’s calculator before Monday to determine your eligibility and the amount of subsidy you may be entitled to receive thereby expediting the application process.
For over 30 years, Doug MacLeod of the MacLeod Law Firm has been advising employers on all aspects of the employment relationship. If you have any questions, you can contact him at 416-317-9894 or at doug@macleodlawfirm.ca