Government of Canada
Today the federal government announced the details of the proposed Canada Emergency Wage Subsidy:
- The Canada Emergency Wage Subsidy would apply at a rate of 75 per cent of the first $58,700 normally earned by employees – representing a benefit of up to $847 per week. The program would be in place for a 12-week period, from March 15 to June 6, 2020
- Eligible employers who suffer a drop in gross revenues of at least 30 per cent in March, April or May, when compared to the same month in 2019, would be able to access the subsidy
- Eligible employers would include employers of all sizes and across all sectors of the economy, with the exception of public sector entities
- For non-profit organizations and registered charities similarly affected by a loss of revenue, the government will continue to work with the sector to ensure the definition of revenue is appropriate to their circumstances. The government is also considering additional support for non-profits and charities, particularly those involved in the front line response to COVID-19. Further details will be announced in the near term
- An employer’s entitlement to the wage subsidy will be based on the salary or wages paid to employees
Ontario
- The Ontario government launched the Ontario Together portal, a new website that helps businesses and their employees work with the province to meet the challenges of COVID-19
- This initiative will help Ontario’s manufacturing sector work towards producing essential equipment like ventilators, masks and swabs
- Premier Ford announced that through the new Ontario Together Fund, the government will be providing $50 million for companies who participate
- This fund will help factories and manufacturers retool their production lines to help manufacture much needed PPE supplies
- Eligibility criteria for emergency funding for charities and not-for-profit organizations impacted by COVID-19
- Emergency isolation supports are available for Albertans who are self-isolating or who are the sole caregivers for someone in self-isolation, and have no other source of income. Applicants can view eligibility criteria and apply at alberta.ca