Wage Subsidies

Temporary Wage Subsidy for Employers + Canada Emergency Wage Subsidy

The Canadian Federal Government has two wage subsidy programs for eligible employers/entities to subsidize the cost of eligible employees in response to COVID-19:

The Temporary Wage Subsidy for Employers is law under Bill C-13, and generally provides a subsidy of 10% of eligible remuneration in the form of reduced payroll remittances.

The Canada Emergency Wage Subsidy is law under Bill C-14, and generally provides a subsidy of 75% of eligible remuneration for qualifying entities with a revenue decrease compared to prior reference periods.

To help Canadian businesses and their advisers calculate these subsidies, Tax Templates Inc. has created free worksheets that can be provided immediately by email using the form below.

These worksheets have not been reviewed or approved by the Canada Revenue Agency, and details are subject to change.

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TTI helps me show the value of our tax planning strategies to clients.
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David T. Lloyd, CPA, CA

Co-Founder & Chief Wealth Management Officer, Newport Private Wealth