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
