Update on the Temporary Wage Subsidy.

Update from Prime Minister Justin Trudeau:

  • Business must have reduced earnings of at least 30% and is available for large and small businesses. The number of employees will not affect eligibility.

  • It is also available to non-profit and charities.

  • 75% of the first $58,700 will be covered.

  • It is backdated to March 15, 2020.

  • There will be serious consequences who those that game the subsidy.

More Technical details to come.  Department of Finance will speak on March 31, 2020.

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