• The program has been extended until November 21, 2020
    - Claim period 6: August 2 to August 29, 2020 
    - Claim period 7: August 30 to September 26, 2020 
    - Claim period 8: September 27 to October 24, 2020 
    - Claim period 9: October 25 to November 21, 2020
  • Eligible employers who had any drop in revenue can now qualify for the wage subsidy, starting with the claim periods that began July 5, 2020
    - The subsidy rate varies depending on how much your revenue dropped (see table below)
    - Employers who were hardest hit over a period of three months will receive a higher amount 
    - Employers who are especially hard-hit can qualify for a top-up of up to 25% (see table below)
    - The maximum base subsidy rate is 60% for claim periods 5 and 6 
    - The maximum base subsidy rate will begin to decline in period 7, gradually reducing to 20% in period 9
  • Eligibility has been expanded to include the following employers:
    - Sole proprietorships and taxable corporations
    - Certain Indigenous government-owned corporations
    - Non-profit organizations
    - Partnerships consisting of 50% or more eligible employers
    - Registered charities
  • You can now calculate your revenue drop in different ways, and choose the way that works best for your situation
    - Use the current period’s revenue drop or the previous period’s, whichever works in your favour
    - Even if your revenue has not dropped for the current claim period, you can still qualify if your average revenue over the previous three months dropped more than 50% 
    - Employees who were unpaid for 14 or more days can now be included in your calculation 

Click here to access the CANADA EMERGENCY WAGE SUBSIDY CALCULATOR

CLAIM PERIODS
Period 5 Period 6 Period 7 Period 8 Period 9
Maximum weeklybenefit per employee $677.40(60% x $1,129) $677.40(60% x $1,129) $564.50(50% x $1,129) $451.60(40% x $1,129) $225.80(20% x $1,129)
Revenue reduction 50% or more 60% Max 60% Max 50% Max 40% Max 20% Max
Revenue reduction 49% or less 1.2 x Reduction (ex. 1.2 x 20% RR = 24%) 1.2 x Reduction (ex. 1.2 x 20% RR = 24%) 1.0 x Reduction (ex. 1.0 x 20% RR = 20%) 0.8 x Reduction(ex. 0.8 x 20% RR = 16%) 0.4 x Reduction(ex. 0.4 x 20% RR = 8%)
SUBSIDY TOP-UP
Revenue drop 70% or more Revenue drop between 50 - 70% Revenue drop between 0 - 50%
25% up to $282.25/week per employee 1.25 x (your 3-month average revenue drop % - 50%)ex. 1.25 x (60% - 50%) = 12.5%or $141.13/week per employee No top-up

Questions?

If you have any questions about the emergency wage subsidy or any other services that we offer, please contact one of our Tax experts or complete the contact form below.

For a complete list of our COVID-19 resources for individuals and businesses, please visit availcpa.com/resources

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