All Businesses Seeing A 30% Drop In Revenue Due To Pandemic Will Be Eligible For 75% Wage Subsidies

March 30, 2020
 
Today, the government announced that not-for-profits and charities will be eligible for wage subsidy supports if they meet the same criteria as eligible businesses.

 
While more details are forthcoming, the government has indicated the following:

  • If your business revenue has gone down by at least 30%, you will be eligible
  • The number of employees you have will not be taken into account
  • Eligibility will include operations with employees from 10 people to 1000 people
  • The first $58,700 that Canadians earn, up to $847 a week, will be covered
  • Backdated to March 15th

Read the full CBC article for more information