Starting April 27, 2020, eligible employers, including individuals, corporations and nonprofits, may apply for the Canadian Emergency Wage Subsidy (CEWS). This allows Canadian employers who have been impacted by COVID-19 to receive a subsidy of 75% to cover employee wages for up to 24 weeks, retroactive March 15, 2020 to August 29, 2020. An announcement to extend the wage subsidy to December will be released soon.
Depending on the eligibility period, employers must have experienced a reduction in revenue between 15-30%. The wages covered will be capped at $847 a week. The online CEWS calculator can be used to help estimate your subsidy amount. Applications can be submitted through various means, including the CRA. For additional information on eligibility and how to apply, visit the Government of Canada CEWS page.